If a payment (exceeding Rs. 5 Lakhs) to NRI is taxable in India as per normal provision of IT Act but not taxable as per respective DTAA, then Part-C or Part-D of Form 15CA required to be filled in? Please kindly suggest.
Dear All, One of my clients received a Show cause notice from AO u/s 270A for under-reporting of income on account of certain expenditures disallowed by AO. Please kindly provide me a suitable reply for this Penalty notice. It's urgent.