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

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

Purpose code - inward remittance


I sold a domain name Now I am supposed to receive some money from US The bank is asking for the purpose code I think the purpose code is P0019 Receipts on account of Sale of non produced non financial assets Sale of intangible assets like patents copyrights trademarks etc use of natural resources No

Refund of foreign remittance


Dear Sir Madam After receipt of foreign remittance we will file form ARF and once the allotment is done will file FC GPR with RBI In the same is there any procedure to be complied with RBI for refund of foreign remittance to foreign investor at his request

Freight outward and inward & transportation charges


Dear Sirs 1 We are a pvt ltd company and taking vehicles on hire basis from local transporters to delivery our materials to our customers at the end of the month they are giving details to make payment to them we are making payment to them after 15th of every month 2 We also are having our own vehic

Discussion

Individual foreign remittance

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

Tds from foreign remittance to sri lanka & bangladesh

Facts of Case 1 Assessee is a sole proprietor 2 Has business of providing Security Service in India 3 Enters into agreement with companies in Sri Lanka Bangladesh 4 Companies in Sri Lanka Bangladesh Issue invoices for services rendered in Sri Lanka Bangladesh on behalf of sole proprietor 5 Companies

Foreign inward remittance

Please read the below scenario and answer the query mentioned there under An Indian Company starts an online subscripttion services wherein they offer content books songs movies etc Now if a person is subscribing for the same from US or any other international location he she has will be paying in t

Implications of daughter to mother inward foreign remittance

Implications of Daughter to Mother Inward Foreign Remittance Hi all I have an urgent query related Inward Foreign Remittance We want to know law and tax implication both for Inward Foreign Remittance Vitals of transactions are 1 Money is sent from Daughter to Mother 2 Daughter is a US citizen with O

Remittance of usd 3,00,000 in nature of security deposit

What are the compliance and restrictions other than 15CA and 15Cb for remittance of USD 3 00 000 in the nature of Security Deposit for 2 years and what will be the RBI Code under 15CB

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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 : 2/25/2017 1:44:09 AM


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