Foreign remittances-form 15ca and 15cb
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2012
Hi,
I would like to make a payment of $2,200 to a firm in Canada for their services taken. This is a personal expenditure.
Wanetd to know if I can make them the payment through Credit Card?
If I make them a payment through Telegraphic Transfer, Bank requires me to submit Form 15CA and 15CB certififed by a CA.
Will there be any TDS in my case? If yes, What is the amount or percentage of TDS deducted in my case?
Thanks
I would like to make a payment of $2,200 to a firm in Canada for their services taken. This is a personal expenditure.
Wanetd to know if I can make them the payment through Credit Card?
If I make them a payment through Telegraphic Transfer, Bank requires me to submit Form 15CA and 15CB certififed by a CA.
Will there be any TDS in my case? If yes, What is the amount or percentage of TDS deducted in my case?
Thanks
Amol S Joglekar
(Expert)
19 December 2012
TDS will be applicable as said in section 195 of income tax act. A small poser.....why the PAYER should worry about TDS? Is it going out of PAYER's pocket or PAYEE's?
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