15 February 2014
My client is remitting money to china on account of reimbursement of airfare(> 50,000) to his client. I assume Since remittance is in the nature of reimbursement, no TDS will have to be made. And reimbursement not being an income to the remittee, Form 15CA CB will not have to be filed.
15 February 2014
Seems correct by virtue of the corollary to rule 37BB(1)of IT Rules,1962. CBDT Notification 67/2013 made effective from 1.10.2013 can be referred to.