Applicability of section 195

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....pplicability of section 195<br> Query (Issue) Started By: - VENU GOPAL Dated:- 15-6-2009 Last Reply Date:- 16-6-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>We are importing the raw meterials for o....

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....ur manufaturing from the various countries thru the letter of credit form the bankers. At the time due date of LC we will pay the ncessary amount to the foreign customers thru the LC. In our case Sect....

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....ion 195 is applicable or not. Reply By Ravi Chopra: The Reply: Mere an activity of sale and purchase of goods does not give rise to any income which is taxable in India and therefore, the provisions ....

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....of Section 195 are not applicable.<br> Discussion Forum - Knowledge Sharing ....