Foreign remittances-form 15ca and 15cb

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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

Amol S Joglekar

Amol S Joglekar (Expert)
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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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