Software import : tax | 15 ca cb
Hi,
We (Magus) become partner of a UK Firm (HarePoint). This company develops software and sell it across the world through local partners.
Q1: Taxes : http://taxguru.in/goods-and-service-tax/taxability-software-present-indirect-tax-laws-proposed-gst-examples-india.html
Scroll down to section : Examples explaining comparison between current tax regime and proposed GST: Our scenario is described in Example no. : 4
Question : No VAT No Service Tax ----- right ----------- what about TDS?
Q2 : Compliance : http://taxguru.in/income-tax/rules-form-15ca-15cb-mind.html
Some of the key changes for furnishing form 15CA & 15CB that have come into effect from 01st April’2016 are:
Overall List of Payments where no forms 15CA CB are required is as follows :- -
Sl. No. Purpose code as per RBI Nature of payment
10 S0104 Intermediary trade
Question : Are we expected to comply with 15CA CB? Bank is insisting.
Regards, Deshwal
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