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.

20 February 2016 Thank You So Much Sir

20 February 2016 Thank You So Much Sir

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.



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