TDS on Foreign Remmitances

As per new circular the Provision of TDS @ 20 % where PAN is not availale will apply to all Foreign Remmittances on and after 01.04.2010. Please clarify whether all non-residents receiving payments from India are requried to apply for and get. What is the position if in a transaction like Import / Services Outside India where TDS is not applicable at all. 

In case of Imports some Companies are submitting 15 CA & CB and some Compnies are not, giving the reason that 15 CA and 15 CB are not applicable in case of Import transactions and where payment is made through form A1. Some professionals have given the opinion that 15 CA and 15 CB are applicable where remmitances are made through form A2.

 

Replies (1)

All banks are insisting on getting a CA certificate for remittances on  import of goods (as per the RBI circular).The importer has to prove that there is no Permanent Establishment  of the foreign entity in India.Only then TDS is not payable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details