banner_ad

applicability of tds or not?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 February 2011 Dear sir,
one of our client requires form 15 CB for remmitance to switzerland in USD. purpose of remittance is payment for subscription of key to metals web edition.this is a software for data retrieving from key to metals web database.whether tax should b deducted or not?and reasons for the same and is there any notifications for the same.please help as these questions will b asked while income tax hearing of this case.

thank you.guys please share your knowledge on this.
Profile Image

Selvakumar Selvaraj

Profile Image

Selvakumar Selvaraj (Expert)
23 February 2011 Dear Vicky Prithayani!

Form 15CA followed by 15CB is the outcome of Section 195 of the Income Tax Act. If the amount payable to outside India is taxable then it is subject to TDS at the specified rate (rate under DTAA or Income Tax whichever is lesser). To identify the tax ability you need to look through section 9 and 5 of the Income Tax Act.
Profile Image

CA. Lohith Jagadeesh

Profile Image

CA. Lohith Jagadeesh (Expert)
24 February 2011 Hi,

Kind Of Agree with the Expert.

Thank you,

Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

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

CMNITY HIRE

New Delhi

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details