Form 15cb
This query is : Open
05 October 2013
Dear Sir,
Kindly clarify the below one:
The text of Rule 37B
If the sum chargeable to tax (including interest and salary) is remitted to NR or foreign company which does not exceed Rs. 50,000 per transaction and the aggregate of such payment during the financial year does not exceed Rs. 2,50,000 then form 15CB is not required to be furnished, but need to furnish Form 15CA
Can it be said that if its reimbursement,no form 15CB is required
Kindly clarify the below one:
The text of Rule 37B
If the sum chargeable to tax (including interest and salary) is remitted to NR or foreign company which does not exceed Rs. 50,000 per transaction and the aggregate of such payment during the financial year does not exceed Rs. 2,50,000 then form 15CB is not required to be furnished, but need to furnish Form 15CA
Can it be said that if its reimbursement,no form 15CB is required
06 October 2013
Yes....
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
Message likes :
1 times
07 October 2013
But the heading of that rule 37BB gives an impression that even the reimbursement requires 15CB.The text is
"Furnishing of information by the person responsible for making any payment including any interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a foreign company".
As it says any payment it means even reimbursement.Kindly clarify
"Furnishing of information by the person responsible for making any payment including any interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a foreign company".
As it says any payment it means even reimbursement.Kindly clarify
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
