Tds on foreign payments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2012
Hi! i have 5 bills of a Foreign Vendor for services provided by him. I have booked all the 5 bills and deducted TDS as applicable at the time of bookig the bills. Now i need to make the payment to the vendor for which i need a Form 15CB. Can someone please advise the exchange rate to be used at the time of preparing the Form 15CB as all the bills are pertaining to different dates and different foreign exchange rates.
An early reply/solution shall be highly appreciated.
An early reply/solution shall be highly appreciated.
06 September 2012
You should take the effective rate ( Selling) of the Bank on the dates of preparation of 15 CB.
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