Foreign remittance
This query is : Resolved
07 July 2018
Sir
I am a Individual travel agent and my client wants for tour package from me to cover all Japan. And for the same I have confirmed & arrange the same from a Japanese travel agent which is registered as a company and for that the invoice amounts to US$ 4318.20 i needs to pay. so I would like to know the Income Tax & FCRA compliance before payment of the same. And the follows
1. Weather 15 CA & CB is required ?
2. Weather TDS required to be deducted ?
3. What will be the rate of TDS that needs to be deducted (if any).
4. Is there any changes if i send $ 200 for just booking and after getting the VISA sent the balance amount ?
Bill Details
Tour Base------------ $ 3,998.00
Single Supplement--$ 900.00
Discount ---------------$ 100.00
Total -----------------$ 4,798.00
Agent Commission 10% by wire transfer ----- $ 479.80
Net Trasferable-----------------------------$ 4,318.20
I am a Individual travel agent and my client wants for tour package from me to cover all Japan. And for the same I have confirmed & arrange the same from a Japanese travel agent which is registered as a company and for that the invoice amounts to US$ 4318.20 i needs to pay. so I would like to know the Income Tax & FCRA compliance before payment of the same. And the follows
1. Weather 15 CA & CB is required ?
2. Weather TDS required to be deducted ?
3. What will be the rate of TDS that needs to be deducted (if any).
4. Is there any changes if i send $ 200 for just booking and after getting the VISA sent the balance amount ?
Bill Details
Tour Base------------ $ 3,998.00
Single Supplement--$ 900.00
Discount ---------------$ 100.00
Total -----------------$ 4,798.00
Agent Commission 10% by wire transfer ----- $ 479.80
Net Trasferable-----------------------------$ 4,318.20
08 July 2018
1 15CA & 15 CB not required.
2 TDS not required as service rendered outside India by non resident.
4 No change.
2 TDS not required as service rendered outside India by non resident.
4 No change.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
