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Form 15ca cb and TDS on paying membership fee to US company

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 January 2021 TDS not applicable for other services (membership fees). File 15CA. 15 CB not required as tax not applicable
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varun chopra

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varun chopra (Querist)
22 January 2021 Thanks a lot for your reply.
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