Question ID :
44463
Form 15CA & 15CB
Suppose we received Service Invoice of 100000 dollar and make payment of 70000 to foreign party after deducting TDS @30% (TDS rate is just for example) and also form 15CB issued for 70000. Now foreign party is not agreeing for the TDS amount and now we need to make further payment of 30000 (Payment of 70000 is already done) and TDS need to be deposit by grossing of the earlier and current payment. So please confirm how to issue form 15CB for this balance 30000 amount and also confirm is there any action required for the form 15CB which we already issued for 70000 amount in which we mentioned that grossing of TDS is not done? Foreign will not issue any further invoice and we need to make 30000 payment on this invoice only.
Posted by
NAVEEN KUMAR AGARWAL
on
Apr 05, 2023
Filed Under
DIRECT TAXES
Answer ID :
85026
Amount paid or payable is Rs.100000/- so which is value for which TDS is deducted
Posted by
CA. MADHAVAN S on
Jun 01, 2023