Tds-for foreign currency payments

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This query is : Resolved

srinivas Ganesh Shet (Querist)

22 October 2013 namaste all

please let me know what is the rate of tds for a professional chareges in USD 120 to non resident.
AND how to calculate and fill form 15CB if tds to be beared by the payer, irrespective of tds bill amt USD 120 to be paid to non resident.

yuvraj ramesh deshmane

yuvraj ramesh deshmane (Expert)

23 October 2013 hi,
Tds rate for professional charege is normally 10 % if pan not available then 20 %

you can file 15 CA form reffer below link

https://www.tin-nsdl.com/

befor filling 15 ca form you have file 15 cb form.

V K Bajaj

V K Bajaj (Expert)

23 October 2013 @ Mr Shet!

Mr Yuvraj has replied correctly and perfectly.

But the practical aspect is that assign this job to your CA or find out CA.

CA will determine the exact amount of TDS. Recently there had been a change in the procedure of 15 CA and 15 CB.

Without CA's Certificate you will not be able to transfer the amount.

However, option is available that you can gross up (TDS plus USD 120)the amount of TDS enabling you to pay USD 120.

contact@vkbajaj.co.in

yuvraj ramesh deshmane

yuvraj ramesh deshmane (Expert)

24 October 2013 hi mr Shet,

I am agree with Sir vk Bajaj.

srinivas Ganesh Shet

srinivas Ganesh Shet (Querist)

25 October 2013 thank you
below is the points in form 15CB kindly guide what amount to be filled in these points If professional charges billed is USD 120 and same amount to be paid irrespective of tds.

2.Amount of remittance in foreign currency usd ?

6. Amount of TDS In foreign currency -USD ?

8.Actual amount of remittance after TDS In foreign currency - USD ?