Certificate of 15ca and 15cb
This query is : Resolved
Dharmesh Shah
(Querist)
07 April 2016
Kindly advise, whether above certificate is require for import remittance wef apr.16
Dharmesh Shah
07 April 2016
The payment made is not chargeable to tax in case of Advance payment against imports & Payment towards imports-settlement of invoice.
Also Note that a CA certificate in Form No. 15CB is not required to be furnished if payments made to non-residents is not chargeable to tax and the amount of payment during the year does not exceeds Rs. 5 lakh.
The payment made is not chargeable to tax in case of Advance payment against imports & Payment towards imports-settlement of invoice.
Also Note that a CA certificate in Form No. 15CB is not required to be furnished if payments made to non-residents is not chargeable to tax and the amount of payment during the year does not exceeds Rs. 5 lakh.
CA.Karan Dawar
(Expert)
08 April 2016
agree, rightly explained by Sathish Ji
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