Sec. 195 -Remittance in Foreign Currency -CA certificate
This query is : Resolved
21 August 2007
Hi,
As per new notification of RBI,
remitter has to give undertaking as well as CA certificate for remittance in foreign currency.
I would like to know that in case of purchase of raw material, liability of TDS arise?
If you are paying to non resident advertisement agency for advertisement in magazine, what would be the treatment?
In certificate- Annexure B, if we import machinery, what should we comment in point 7, 8 ?
in general when we have to deduct tax of non resident in such transactions?
As per new notification of RBI,
remitter has to give undertaking as well as CA certificate for remittance in foreign currency.
I would like to know that in case of purchase of raw material, liability of TDS arise?
If you are paying to non resident advertisement agency for advertisement in magazine, what would be the treatment?
In certificate- Annexure B, if we import machinery, what should we comment in point 7, 8 ?
in general when we have to deduct tax of non resident in such transactions?
21 August 2007
u need to refer to DTAAs with the particular country along with Income Tax Act to arrive at the conclusion.
Message likes :
1 times
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- ITR 44AD SECTION
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
CAclubindia
