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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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Foreign remittance


If a resident individual buys a shares from a foreign company of an Indian company then is the resident individual liable to deduct TDS while remitting the payment to foreign company If yes then at which amt the TDS is to be deducted

Service tax on outward freight


We are a manufacturer and charge excise duty on all sales Sometimes our prices are FOR customer and we do not charge transportation in the invoice or separately It is included in the basic price itself Payment made to Transporter against that delivery is booked as cost In such a case do we have to p

TDS on foreign remittance


Hi Actually one of my client has purchased an item from a non resident outside india and wants the amt for same to be considered as business promotion expense My query is will the TDS be deducted And will there be need to file 15CB 15CA Thanks

Tds on foreign remittance


An Indian Company has to pay sitting fees to its foreign directors at UK The directors are UK Citizens and they dont have PAN in India Pls advise what should be the withholding tax rate while making this payment after considering the DTAA with UK and other relevant provisions of the Income Tax Act 1

Cenvat credit on outward gta for capital goods


can we take service tax cenvat credit on capital goods for outward transportation pl also share us circular

Discussion

TDS on Foreign remittance

Hi Actually one of my client has purchased an item from a non resident outside india and wants the amt for same to be considered as business promotion expense My query is will the TDS be deducted And will there be need to file 15CB 15CA Thanks

Details about inward remittance

I want to understand details on the status of the inward remittance money if the transaction does not happen due to any reason like wrong purpose code or innocence unaware about funds or illiteracy etc Can somebody track the money status after say two months or two years

Limit on individual inward remittance

Dear Sir i am planning for side business of providing consultancy to overseas manufacturer in getting busniess from India and in this event i will be receiving inward remittances from them for any business which is materialised would like to know what is the limit of such remittance value per transa

Inward remittance from us and uk

I am a freelancer IT engineer and a citizen of india residing in india I had delivered some online lectures to some of the US students from india Now they want to pay me for my lectures and want more lectures on IT for which they are ready to pay Should i direct them to transfer money to my normal s

Remittance to foreign coach

Ours is a sports academy and is planning to avail the services for foreign coach to provide training to the members Coach is from Indonesia on a fixed monthly payment basis Can you please help me in understanding the relevant tax provisions with regard to above remittances The applicability of TDS r

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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


A Day-s delay in TDS remittance - Interest upto 3%!!!


Yes TDS remittance delayed by a day may cost the deductor up to 3 So next time as a deductor if you are not serious about the due date for TDS remittance just think about this Due date for TDS remittance Where the amount is credited or paid during the month of March Due date 30th April Other cases w


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Updated on : 9/27/2016 8:44:09 AM


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