Issue of Form No.15CB
This query is : Resolved
Guest
Guest
(Querist)
07 May 2011
Dear Friends / Experts,
Please see the following :
ABC Limited making remittance to XYZ, Italy in the nature of TECHNICAL SERVICE.
TDS amount is borne by ABC Limited, India.
Please see :
Sl. No.11 of Form No.15CB, Tax payable has been grossed up.
The details are given as under in the form :
Gross Amount Rs.749310
TDS 20% Rs.149862
Net Amount Rs.599448
(This Net Amount is the Invoice Value (given in EURO) of XYZ, Italy)
Query
While filling Form No.15CB, for Sl.No.B.2, should I fill the Gross Amount as above.
Ans : ………….
Sl. No.B. 6, TDS Amount as above.(No doubt)
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : ………….
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : ………….
Kindly clarify my above basic queries.
I shall wait for your response.
Thanks.
Please see the following :
ABC Limited making remittance to XYZ, Italy in the nature of TECHNICAL SERVICE.
TDS amount is borne by ABC Limited, India.
Please see :
Sl. No.11 of Form No.15CB, Tax payable has been grossed up.
The details are given as under in the form :
Gross Amount Rs.749310
TDS 20% Rs.149862
Net Amount Rs.599448
(This Net Amount is the Invoice Value (given in EURO) of XYZ, Italy)
Query
While filling Form No.15CB, for Sl.No.B.2, should I fill the Gross Amount as above.
Ans : ………….
Sl. No.B. 6, TDS Amount as above.(No doubt)
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : ………….
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : ………….
Kindly clarify my above basic queries.
I shall wait for your response.
Thanks.
07 May 2011
gross amt -749310
tds - 149862
Actual amount of remittance after TDS -599448
Query
While filling Form No.15CB, for Sl.No.B.2, should I fill the Gross Amount as above.
Ans : ………….-749310
Sl. No.B. 6, TDS Amount as above.(No doubt)
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : ………….599448
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : 599448 only invoice value
tds - 149862
Actual amount of remittance after TDS -599448
Query
While filling Form No.15CB, for Sl.No.B.2, should I fill the Gross Amount as above.
Ans : ………….-749310
Sl. No.B. 6, TDS Amount as above.(No doubt)
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : ………….599448
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : 599448 only invoice value
14 May 2011
While filling Form No.15CB, for Sl.No.B.2, should I fill the Gross Amount as above.
Ans : NO.
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : YES.
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : YES.
Ans : NO.
While filling Form No.15CB, for Sl.No.B.8, should I fill the Net Amount as above.
Ans : YES.
For finding out the Euro for Gross amount, I will consider the Invoice Value in Euro of XYZ, Italy and add the Euro determined for TDS.
Ans : YES.
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