TMI Blog15cb for foreign commissionX X X X Extracts X X X X X X X X Extracts X X X X ..... whether 15cb certificate is required if commission is paid to non resident agent . - Reply By Ganeshan Kalyani - The Reply = Yes, need to be issued. Thanks. - Reply By piyush agarwal - The Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = As per notification 93/2015 dated 16/12/2015 which states that wef 01/04/2016 Form 15CB is required only when transaction is taxable and it excced 5 lac. Further as per Press Release by i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome tax dep dated 17.12.2015 states- A CA certificate in Form No. 15CB will be required to be furnished only in respect of such payments made to non-residents which are chargeable to tax and the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount of payment during the year exceeds ₹ 5 lakh. In my view Commission paid to non resident agent is not a taxable transaction as per income tax as neither there income arise,accrue or rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eive in India. . Hence there shall be no requirement of 15CB in my view. Yes Form 15CA part D need to file as its a non taxable transaction. - Reply By satbir singh wahi - The Reply = Thks f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or reply. - 15cb for foreign commission - Query Started By: - satbir singh wahi Dated:- 3-4-2016 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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