15CA & 15CB is required for Rs.5,00,000
This query is : Resolved
20 December 2023
Whether 15CA OR 15CB is required purchase machinery from foriegn country for Rs.5,00,000
20 January 2024
Section 195 of the Income-tax Act, 1961
The remitter must also submit an undertaking in Form 15CA, which provides details of the payment being made to the non-resident. Furthermore, a certificate in Form 15CB, attested by a chartered accountant, is required for payments exceeding INR 5 lakh.
The remitter must also submit an undertaking in Form 15CA, which provides details of the payment being made to the non-resident. Furthermore, a certificate in Form 15CB, attested by a chartered accountant, is required for payments exceeding INR 5 lakh.
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