15ca/cb required for hotel booking
This query is : Resolved
AVDHESH MAURYA
(Querist)
08 August 2015
Dear Sir,
One of our client's relative is travelling to Turkey for participating in dance competition. For this they need to remit foreign currency for hotel booking to a travel agent in Istanbul. The bank is asking for 15CA/CB. Is there any provision by which we can avoid 15CA/CB?
One of our client's relative is travelling to Turkey for participating in dance competition. For this they need to remit foreign currency for hotel booking to a travel agent in Istanbul. The bank is asking for 15CA/CB. Is there any provision by which we can avoid 15CA/CB?
CA R SEETHARAMAN
(Expert)
08 August 2015
This is not a taxable income hence no form 15CA is required. The bank still insist on it give it not a problem.
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Amol S Joglekar
(Expert)
08 August 2015
195(6) has played this new confusion. The banks are insisting on this form for ALL types of remittances.
(In a way, it is good for the Chartered Accountants.)
There is a provision whereby one can avoid this 15CA and 15 CB route. One may approach the International Taxation officer and ask for issuing the NO tds or LOWER tds
I think getting 15 CA and 15CB seems to be easier and at an arm's length.
(In a way, it is good for the Chartered Accountants.)
There is a provision whereby one can avoid this 15CA and 15 CB route. One may approach the International Taxation officer and ask for issuing the NO tds or LOWER tds
I think getting 15 CA and 15CB seems to be easier and at an arm's length.
Message likes :
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