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For form 15 CB

163 views 5 replies
A outside india remittance towords, CLEARING and FORWARD CHANGES

the DTAA with that country and rate are @ 10%.

what is tax effect in india? can tds are applicable on that? is yes then RATE of tds and sec?
Replies (5)
Yes TDS under section 195 will be applicable as per nature of the payment
Nature of the payment are CONTRACT, then what is rate of tax
Take the dtaa rate
Can I net up amount (remittance - TDS ) in form 15CB. OR
Gross up (remittance) and TDS pay separately?

CLEARING and FORWARD CHANGES 

from plain reading as per my opinion it is understood that the expenses being incurred out side India  for services provided outside India therefore if there is no PE in India for said service provider then that income is not taxable in India hence no TDS arise.

 


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