TDS on remittance to Germany
This query is : Resolved
rajesh kumar
(Querist)
15 November 2010
One Indian company is purchasing a machinery from a German Company for Euro 83,000/-( already Paid in advance). Now German Company is asking Indian Company to remit Euro 2,100/- towards Freight and Insurance.
My question is
1.Whether TDS is deductable for above remittance? If yes, what is the rate of TDS?
2.Is there any DTA (Double Taxation Avoidance) agreement with the Federal Republic of Germany for above Transaction?
3.What is the procedure for filing Form 15CB and 15CA to the Income Tax Department?
My question is
1.Whether TDS is deductable for above remittance? If yes, what is the rate of TDS?
2.Is there any DTA (Double Taxation Avoidance) agreement with the Federal Republic of Germany for above Transaction?
3.What is the procedure for filing Form 15CB and 15CA to the Income Tax Department?
taxindiaconnect
(Expert)
15 November 2010
No TDS is required to be deducted from this payment if it is supported back to back by the bill of the fright and insuarance biils. yes there is a DTA between India and Germany and the proceedure to file the 15CB and 15CA is to go to IT website and fill the full details and submit. take a printout also for your records.
CA Sanat Pyne
(Expert)
15 November 2010
Agree with the expert and for procedure to file 15CA and 15CB
VISIT THIS LINK.
https://www.caclubindia.com/forum/guidelines-to-fill-form-15ca---112116.asp
VISIT THIS LINK.
https://www.caclubindia.com/forum/guidelines-to-fill-form-15ca---112116.asp
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
