Suppose a partnership firm is making two type of foreign payments:
1 Royalty, License fees
2 For purchase of imported goods
Co. is deducting TDS on royalty & license fees. But it is not filing Form 15CA, 15CB to bank. Bank is also remitting the money without a5CA. Now if case comes under scrutiny, Who will be liable under which section? Please support your views?
Attached File : 741675 1002289 15ca 15cb circular 1 .pdf downloaded: 213 times