banner_ad

Foreign remittance - procedure

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 July 2012 At what rate TDS is to be dedcuted for payment of professional charges amounting to Euro 700. Country of payment is France. Are we required to obtain any certificate etc before remittence ? Pl describe procedure. There is no reference to TDS in agreement, whether we are to gross up the amount for deduction of TDS?
Profile Image

V K Bajaj

Profile Image

V K Bajaj (Expert)
11 July 2012 Mr Maheshwari!

You have to comply with the Form 15CA and 15CB - and then your Banker will outflow the Foreign Currency.

Certification is required from a qualified Chartered Accountant to comply with 15CA and 15CB.

contact@vkbajaj.co.in
Profile Image

Arihanth Jain

Profile Image

Arihanth Jain (Expert)
11 July 2012 My comments:
1. TDS may or may not be required based on facts on case.
2. Yes, form 15ca/cb compliance shall be required from a CA.
3. In case of TDS applicability and Client not willing to bear the same, Remitter (you) shall gross up the same and payout as an additional cost.
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
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

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

Karia Overseas

Ahmedabad

CA

View Details
Company
25 April 2026
Tax Executive/Manager

BDMV & Co, Chartered Accountants

Mumbai

CA Final

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details