banner_ad

Applicability of 15ca/cb on s0209 and s0203

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 January 2019 Respected Forum Members,
While making payment to a Foreign (USA) Customer towards Air and Sea Freight Charges in USD($246/-), for this transaction is it mandatory to issue 15 CA and CB to the Banker? The nature of remittance is "Freight Charges" and the Relevant purpose code as per RBI is S0209 and S0203.

Please Advise.
Regards,
Pradeep.S
Profile Image

Nilesh Gami

Profile Image

Nilesh Gami (Expert)
23 January 2019 Form 15 CA and CB are required to be furnished when payment is chargeable to tax as per income tax act in India. So it depends on whether nature of remittance is chargeable to tax or not. I believe freight charges are taxable for non-resident in India.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details