Tds payment for imports
This query is : Resolved
30 June 2015
Dear sirs,
I have a company (client) which is making payments to non resident companies for import purchases. Recently bank has asked it to produce form:15CA and CB for further processing of payments.Now my doubt is what are implications(which section chargable and how much percentage to charge) of TDS of import purchases and how it can be shown in Form:15CA or CB? Thanks in advance...!
I have a company (client) which is making payments to non resident companies for import purchases. Recently bank has asked it to produce form:15CA and CB for further processing of payments.Now my doubt is what are implications(which section chargable and how much percentage to charge) of TDS of import purchases and how it can be shown in Form:15CA or CB? Thanks in advance...!
30 June 2015
TDS not applicable for import purchases payment, but applicable for any taxable payment.
Show it as non taxable remittance.
Show it as non taxable remittance.
30 June 2015
Thanks for reply seetharaman sir. Can you please tell me under which section these import purchases are not chargable with TDS so that I refer it to my client.
30 June 2015
And While coming to Forms 15CA and CB What is the procedure for filing!? Please help me.Thanks in advance....!
30 June 2015
Get help from your seniors for filing the form.
No TDS applicable on purchases including imports.
No TDS applicable on purchases including imports.
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