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Repayment of loan by indian subsidiary to foreign parent

Tax queries 304 views 3 replies

if an indian subsidiary is making repayment to foreign parent company. is this transaction is liable for TDS and which form 15CA and 15CB require to fill?????

Replies (3)

if repayment includs interest part then need to deduct tds on that 

To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and the remittance or the aggregate of such remittances, as the case may be, does not exceed five lakh rupees during the financial year

To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act, 1961 and the remittance or the aggregate of such remittances, as the case may be, does not exceed five lakh rupees during the financial year and an order/ certificate u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer.

To be filled up if the remittance is chargeable to tax under the provisions of Income-tax Act, 1961 and the remittance or the aggregate of such remittances, as the case may be, exceeds five lakh rupees during the financial year and a certificate in Form No. 15CB from an accountant as defined in the Explanation below sub-section (2) of section 288 has been obtained

To be filled up if the remittance is not chargeable to tax under the provisions of the Income-tax Act,1961 other than payments referred to in rule 37BB(3) by the person referred to in rule 37BB(2)

go through

incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Form15CA_CB.pdf 

for and tds - section 195 

 

 

I AGREE WITH SAMIR


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