15cb and 15ca korea
This query is : Resolved
20 February 2016
I need help...
Cosmetics purchased(import) from korea of 3600 USD for personal use
It will be taxable under income tax act or under DTAA??
20 February 2016
These Imports are not taxable under income tax Act/DTAA.
22 February 2016
Please refer Rule 37BB: https://www.incometaxindia.gov.in/pages/rules/income-tax-rules-1962.aspx
Payment towards imports - settlement of invoice or Advance payment against imports is not liable for withholding tax.
Payment towards imports - settlement of invoice or Advance payment against imports is not liable for withholding tax.
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