Tds on import remittance

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2014 Dear Sir / Madam,

I am importers and send Remittance out of India for Purchases. Now, my Bank asked me that I have to submit either Letter from CA for the NIL TDS or else I have to give declaration on NIL TDS on my company letterhead..!

Please clarify in this matter. Whether this notification true which they says received from RBI.

Thanks & Best Regards

12 December 2014 For purchases no TDS requirement give a declaration in your letter head.

12 December 2014 no sale and purchase transaction no tds is applicble, mention on ur letter head and file with bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2015 Thank you so much your suggestion.
Best Regards
Harry


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