15cb & 15ca
This query is : Resolved
28 January 2014
Hi,
We are going to remit 1.5 lakh to foreign official who come India as a trainee in Finance and accounts department.
Please confirm the tax implications , so that we can fill the 15 CB for your review and attestation.
As per our understanding it is Exempt under :
DTAA—As per Article 20 between India & Germany.
Income Tax act—Section 10 (16) –For Fellowship to German Nationals----Circular No 49 ( XXIII-12) Dated 13 Dec 1956
So no TRC is required.
sp please guide me how to deal for this transaction.
Thanks & Regards
Abhimanyu Singh
Mob. no. 8285392997
We are going to remit 1.5 lakh to foreign official who come India as a trainee in Finance and accounts department.
Please confirm the tax implications , so that we can fill the 15 CB for your review and attestation.
As per our understanding it is Exempt under :
DTAA—As per Article 20 between India & Germany.
Income Tax act—Section 10 (16) –For Fellowship to German Nationals----Circular No 49 ( XXIII-12) Dated 13 Dec 1956
So no TRC is required.
sp please guide me how to deal for this transaction.
Thanks & Regards
Abhimanyu Singh
Mob. no. 8285392997
29 January 2014
Hi Abhimanyu,
As amount exceeds Rs.50000 you need to file Form 15CA.
But to observe other Rules & Regulations of RBI & FEMA, bank requires Form 15CA & CB.
Please feel free to contact us in case of any query.
Regards,
CA Mahavir Shah
Email : camahavir.shah@gmail.com
As amount exceeds Rs.50000 you need to file Form 15CA.
But to observe other Rules & Regulations of RBI & FEMA, bank requires Form 15CA & CB.
Please feel free to contact us in case of any query.
Regards,
CA Mahavir Shah
Email : camahavir.shah@gmail.com
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