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

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

TDS on foreign Remittances


We pvt ltd co received invoice of 12000 euro from foreign party against relocation services from France to India which has been used for GM of company so my queory is TDS is to be deducted if yes then normal or gross up pl give calculation thanks Santosh

Outward remittance


Dear All Greetings We need to remit one of our USA client for the services rendered in India Amount payable is Rs 16 00 000 eight lac rupees each invoice Please let us know the formalities for the same Thank you and best regards Vijay Mishra 91 9810822365

Service tax on inward remittance


Dear Experts One of my client provide courier service in India They had a counter part in China China Counter part collect shipment in china and dispatch the shipment to India to be delivered in India My Client clear the shipment in India and deliver the same to the consignee as per the details give

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

Discussion

Fema_foreign remittance

Dear Experts Please resolve my query NRI had incorporated a pvt ltd company and holds 99 shares of that company share capital of rs 10 lacs Now He had transferred rs 90 lacs to pvt ltd in the year of 2011 from his NRO Account Apart from share capital shall be treated as Loan from Directors i e 80 la

Form 15ca and 15cb for remittance

Hi All Please explain the difference between form 15CA 15CB for remittance

Foreign inward remittance compliances

Dear Members What are the compliances for a Software company exporting software and getting Foreign Inward Remittances The company is not registered under STPI What are the forms and other compliances to be filed Thank you Chandana

Remittance of tds deduction u/s 195

We have remitted GBP 3290 to a foreign company towards certification fee We deducted tds 10 Now we have to remit the tds deducted into govt account Under which challan under which section it is to be paid We attempted to remit under section 195 into the bank But bank denied the receipt since no code

Remittance of tds deduction u/s 195

We have remitted GBP 3290 to a foreign company towards certification fee We deducted tds 10 Now we have to remit the tds deducted into govt account Under which challan under which section it is to be paid We attempted to remit under section 195 into the bank But bank denied the receipt since no code

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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 : 12/8/2016 6:33:09 AM


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