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Form 15 cb & form 15 ca

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This query is : Resolved

Mohd Sarfaraz Latibani (Querist)

17 October 2012 I am purchasing a machinery from China for this I have to transfer the money, my banker asked me to get Form 15 CA & Form 15CB and do I required to deduct TDS as the deductee is foreign company, and this is a 1 time transaction only.

Thanks

Amol S Joglekar

Amol S Joglekar (Expert)

17 October 2012 TDS is not required to be done in such a case. Get the certificate from chartered accountant in the said prescribed forms as directed by your banker.

CA.Vinita Gupta

CA.Vinita Gupta (Expert)

17 October 2012 For Foreign Remittance Certificate from a CA is required in Form 15 CB. After obtaining form 15 cb 15ca needs to be filed in nsdl site. After filling in the form a print out is taken which is certified/ attaested along with form for remittance and supportings in regards to the transactions. The Banker accepts all the documents, remittance is made outside india, and swift is received from bank

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