Tds-for foreign currency payments
This query is : Resolved
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.
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.
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.
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.
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
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
24 October 2013
hi mr Shet,
I am agree with Sir vk Bajaj.
I am agree with Sir vk Bajaj.
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 ?
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 ?
28 October 2013
Form 15Cbis not applicable in the said case.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
