Form 15ca cb and TDS on paying membership fee to US company
This query is : Resolved
Quick Summary
21 January 2021
My bank ICICI is confused if there will be a Tds deduction if we have to pay US $5000 as the fee to a USA company for taking their membership. The US company has no office in India, they operate in USA. Worldwide companies can become their member and in return, they will share the documents they have created related to the insurance industry in the USA. We need the membership as we develop software for the insurance market. Our company is a Sole Proprietory company (single owner). The bank is suggesting that we should fill S1099 (Other Services) as the code for remittance. Kindly share if in this case 15CA CB is needed and TDS is applicable or not?
21 January 2021
TDS not applicable for other services (membership fees). File 15CA. 15 CB not required as tax not applicable
22 January 2021
Thanks a lot for your reply.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Tds on commission charges
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST-DS Scheme - Foreign Assets
- New GST registration for new place of business.
- CHECK RELATED
- GST Intimation due to Government took possession of Business Premises under PPE Act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
