Tds on foriegn companie's form 15 ca & cb

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vijay Sorathia (Querist)
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27 January 2016 my client is impoter of wooden logs for the manufacturing of ply. is my client required to deduct TDS? whether my client is required to file fo 15 CA? If he is required to file 15CA then which part is required to be filed? pls help me out on this matter as I am really very confused because of mess in the Act.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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27 January 2016 IMPORT OF RAW MATERIAL/MACHINERY NOT ATTRACT TDS. FOR FOREIGN REMITTANCE BANK MAY INSIST YOU TO FILE 15CA, YOU HAVE TO OBTAIN 15CB CERTIFICATE -CERTIFICATE OF CHARTERED ACCOUNTANT.

PART-A TO BE FILLED UP IF THE REMITTANCE IS CHARGEABLE TO TAX AND DOES NOT EXCEED FIFTY THOUSAND RUPEES AND AGGREGATE OF SUCH REMITTANCES MADE DURING THE FINANCIAL YEAR DOES NOT EXCEED TWO LAKH FIFTY THOUSAND RUPEES.

PART-B TO BE FILLED UP IF THE REMITTANCE IS CHARGEABLE TO TAX AND DOES EXCEED FIFTY THOUSAND RUPEES AND AGGREGATE OF SUCH REMITTANCES MADE DURING THE FINANCIAL YEAR DOES EXCEED TWO LAKH FIFTY THOUSAND RUPEES.

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