Outward remittance

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Procedure for claiming exemption u/s 11 for remittance to Nepal


Standard Operating Procedure SOP for making application for claim of tax exemption u s11 1 c of the Income tax Act in respect of remittance of money relief articles by IndianNGOs Charitable Organisations for earthquake hit people in Nepal Many NGOs and Charitable Organizations in India have expresse

Remittance of Assets - Submission of Auditor's certificate


RBI 2014 15 332 A P DIR Series Circular No 43 To All Category I Authorised Dealer Banks Madam Sir Remittance of Assets Submission of Auditors certificate Attention of Authorised Dealer Category I AD Category I banks is invited to the Foreign Exchange Management Remittance of Assets Regulations 2000

Remittances to non-residents - Deduction of Tax at Source


RBI 2013 14 669 A P DIR Series Circular No 151 To All Category I Authorised Dealer Banks Madam Sir Attention of Authorised Dealers in Foreign Exchange is invited toA P DIR Series Circular No 56 dated November 26 2002read withA P DIR Series Circular No 3 dated July 19 2007regarding the procedure to b

Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000


RBI 2013 14 624 A P DIR Series Circular No 138 June 3 2014 To All Category I Authorised Dealer Banks Madam Sir Liberalised Remittance Scheme LRS for resident individuals Increase in the limit from USD 75 000 to USD 125 000 Attention of Authorised Dealer Category I AD Category I banks is invited to t

CBEC clarifies leviability of service tax on the remittance of foreign currency in India from overseas


Circular No 163 14 2012 ST F No 354 119 2012 TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146 North Block New Delhi 1 Dated the 10th July 2012 To Chief Commissioner of Customs and Central Excise All Chief Commissioner

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Experts Opinions

remittances bussiness


I have remitaance business i want to know that can i take 200000 or above frm merchants Is there any voilance of income tax

Please help (inward remittance)


Hello our company is pvt ltd firm holding current account with State Bank of India We have received an order for manufacturing some items for a project here are some details Lets say our Client is named A A is located in New Zealand They are a global company They have secured a project in Chennai to

Remittance purpose code


A client sending USD remittance to a consultant in India for Out of pocket expenses reimbursement for expenses Question is what should be the Purpose Code for this remittances receipt

Cash remittance


MY client possess old notes amounting to Rs 1 00 000 Now he wants to remit the money in RBI and get himself disclose in the latest scheme announced by Govt of India The RBI is objecting to remit the money Can you pl suggest how to come of the issue

Foreign remittance code


I am working as Software Consultant to foreign clients I receive Forex remittances for two purposes 1 Consultancy Fee 2 Reimbursement for out of pocket expenses Question is What should be the Purpose Code for transaction of type 2

Discussion

TDS on salary remittance date

What is the due date for remittance of TDS from Salary for month of March in case of LIC

Remittance of forex

My NRI client has received dividend from Indian Company under section 115 O which is exempted on account of DDT paid by company The dividend amount was credited into his NRO account Now NRI wants to transfer the same amount equivalent to USD from NRO to NRE account for further repatriation under LRS

Remittance of examination fee for June, 2017 session of CS examinations

ATTENTION STUDENTS REMITTANCE OF EXAMINATION FEE FOR JUNE 2017 SESSION OF CS EXAMINATIONS Please note that for all successful payment of examination fee through the Student Portal viz https smash icsi in an acknowledgement fee receipt is instantly generated through the system To know more in details

Export remittance

Dear Friends Guide me how to fill Request Letter for Export Bill Processing we have require to fill this form for submitted into bank however i have already prepared ledger of inward remittance in excel

Individual foreign remittance

In case if individual repatriate Funds from India to Outside India is there any requirement to file Form 15CA 15CB

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File Download

  • First Ever GST Compliant Excel Billing Software (Must Try)

    Full Fledge Billing Software for Business 1 Complete Billing Software 2 100 GST compliant with format published by GST Council 3 Retail and Tax Bill Bifurcation 4 Automatic applicable IGST CGST and SGST calulation 5 Transfer all bill data to another sheet automatically for analysis 6 Automatic Challan Generation 7 Perfect Print Setup 6 One Click Printing 7 One Click Back up of each invoice in different Folder 8 Back up will be retail bill wise and Tax Bill Wise 9 Completely working based on formula 9 Flexible Formulas 10 Full Customized 11 Client Database with each and every detail 12 No need to input details of party every time 13 only put x in the first column of database and all the details will be transferred to invoice sheet Filters will not work in trial version Pro Version 1 Automatically cloud backup of all invoices 2 Automatic GST rate calculator based on HSN Code will be available as soon as GST rates are published 3 Automatic GST rate calculator based on Name of Goods will be available as soon as GST rates are published 4 Monthwise analysis of Party wise sales monthwise IGST SGST CGST liability calculation 5 1 week trailing for GST return filing and this software with fulfillment of custom requirement of business 6 Automatic transfer of sales invoice data in the form of outward return of GST outward return is to be filled in form GSTR 1 every month 7 Free 1st GST return filing How to use 1 First enter the data of party in database if already entered than put x in the first column 2 in the invoice sheet enter the particluars enter bill no and date from drop down and other details as required 3 click on back up another file will be created in the other folders 4 Finally click merge it will transfer data in the merge sheet Done As simple as that Feedback or Contact smit gstmadeeasy com or 91 9033253395 Enjoy
  • Form 15-CB for Remittance in Foreign Currency under rule 37BB

    Form 15 CB for Remittance in Foreign Currency under rule 37BB
  • Stock Register Format

    Stock Inward Outward Register Format with conditional formatting
  • New Form 15CB

    WEF 01 10 2013 New form for foreign remittance has been issued by Income Tax
  • Remittances to non-residents under section 195 of the Income-tax Act - Circular 04/2009

    Circular regarding foreign remmitence

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Articles

Outward Supplies in GST


Returns I Section 32 Furnishing details of outward supplies The proviso reads as follows 1 Every registered taxable person other than an input service distributor a non resident taxable person and a person paying tax under the provisions of section 9 section 46 or section 56 shall furnish electronic


Foreign Remittance: Case Law Analysis:2015: Series 3


International Tax Update India Foreign Remittance Taxability Case Law Analysis 2015 Series 3 1 Reimbursement of Technical Expenses to Head office Bureau Veritas Indian Division vs ADIT 2015 54 taxmann com 139 Mumbai Trib The Assessee was a French company which operated in India through its Indian Di


Interest income from India - Foreign Remittance - Taxation


International Tax Update Interest Income from India Foreign Remittance TDS u s 195 A Taxation as per Domestic Law A 1 Definition of Interest 2 28A interest means interest payable in any manner in respect of any moneys borrowed or debt incurred including a deposit claim or other similar right or obli


Clarification - Increase in Limit - Liberalised Remittance Scheme


Clarification Increase in the limit from USD 75 000 to USD 125 000 for resident individuals under Liberalized Remittance Scheme LRS Notification No RBI 2014 15 132 A P DIR Series Circular No 5 dated 17th July 2014 Before going into the revision made in Liberalized Remittance Scheme let us know what


New Procedure for remittance outside India w.e.f. 01.10.2013


CBDT vide notification No 67 dated 02 09 2013 notified new Forms Form 15CA and CB The most important changes that have been brought in the new regime for making payments outside India w e f 01 10 2013 are as follows 1 Chartered Accountant is supposed to provide in the form 15CB as to whether Tax Res


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Updated on : 4/28/2017 11:23:11 AM


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