Outward remittance

News

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 Organisati

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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 C

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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

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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

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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

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Experts Opinions

Service tax on freight outward


Dear Experts If a partnership firm which is a trading firm not registered with Excise and Service tax department Is paying freight outward expenses more than rs 10 lacks annually transporter is not ch

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Requirement of 15ca 15cb remittance of gift


Hello Friends One of My client want to Remittance some money to his Son as Gift In this case any requirement of fill 15CA 15CB Or not

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Applicability of tds on foreign remittance


Education fees remittance by father to foregin institution at PHILIPPINES country for his son No need to give 15CA 15CB since remittance falling within the specified nature of payments 28 Nos provided

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Tds u/s 195-foriegn remittance


An NGO received a bill from foreign company regarding job package at devnetjobs org for 320 will it be liable for deduction of TDS if yes at what rate

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Tds on inward & outward freight.


Dear All Expert What will be the exemption and applicable limit of TDS on inward as well as outward freight is that applicable for courier Transporter Logistic freight forwarder etc

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Discussion

Case study - foreign remittances for services rendered

Hello Please explain me the tax implications on the following case There is a company in UK which is incorporated in UK as Ben Inc it has two subsidiaries one in India Ten Pvt Ltd the other in Banglad

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Submission of form 15ca/cb for all foreign remittance

Whether certification is required in Form 15CA CB for all the foreign remittances including materials purchased from 01 06 2015 irrespective of whether the amount is chargeable under the income tax Ac

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Tds interest on delay remittance of tds deducted

HI I have a question on Interest Calculation on Delay in Remittance of TDS deducted Date on Which the Credit is made 4 3 15 Date on Payment is Made 4 4 15 Date on Invoice 12 2 15 As per section 201 if

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Tds on remittance from nro account to usa citizen from his

My question is regarding REMITTANCE FROM NRO ACCOUNT OF MY SON TO HIS SB ACCOUNT IN USA WHERE HE IS A CITIZEN My son is maintaining a NRO SB account with Bank of india in Amritsar His rental income in

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Remitting Funds Under Liberalized Remittance Scheme

Good afternoon all I would like to transfer some funds to the United States under the Liberalized Remittance Scheme My question is whether or not I need a special international account in order to tra

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File Download

  • Stock Register Format

    Stock Inward Outward Register Format with conditional formatting

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  • New Form 15CB

    WEF 01 10 2013 New form for foreign remittance has been issued by Income Tax

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  • Remittances to non-residents under section 195 of the Income-tax Act - Circular 04/2009

    Circular regarding foreign remmitence

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  • Outward remittances

    breif discription for out ward remittance

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  • Clarification Regarding Leviability of Service Tax on the Remittance

    Clarification Regarding Leviability of Service Tax on the Remittance of Foreign Currency in India from Overseas

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Articles

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


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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 resp


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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 1


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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


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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 remitta


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Updated on : 7/11/2015 6:57:10 PM





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