banner_ad

issue of form 3cb

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 July 2010 Dear sir/ madam

My query is related to issue of form 3cb. One firm imports goods form x country from y , now today they wants to remit money in the y a/c of that country, the banker has asked for form 3cb, whether any tds will come in payment to that y, because here only import of goods is there, apart from that no services rendered, will this attract sec 195(2) or not? please clarofy me.
Profile Image

Ankit Talsania

Profile Image

Ankit Talsania (Expert)
09 July 2010 If remittance is only respect of purchase of goods and the recipient is not having PE as per respective DTAA and is not having Business Connection in India as per S.9 of the Act, then no need to deduct tax at source u/s 195 of the Act.

Once the income of recipient is not chargeable to tax in India, s.195(2) cannot be invoked.

Prasad Production Ltd. 129 TTJ 641 (Chennai)(SB)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details