FORM NO.

15CB[See rule 37BB]

Certificate of an accountant
Acknowledgement Number -406925110290824

I, have examined the agreement (wherever applicable) between M/s. FUNCTION DYNAMICS INDIA PRIVATE
LIMITED with PAN AACCF8994P (Remitters) and M/s. M/S FUNCTION BAY INC (Beneficiary) requiring the above
remittance as well as the relevant documents and books of account required for ascertaining the nature of
remittance and for determining the rate of deduction of tax at source as per provisions of Chapter- XVII-B.
We hereby certify the following :-

A. Name and address of the beneficiary of the remittance M/S FUNCTION BAY INC
5F, Pangyo Seven,
Venture,Valley 1danji
2dong,Seongnamsi,Bundangg
u,Sampyeon
gdong,625,Gyeonggido,Foreig
n,Korea (Democratic Peoples
Republic Of) - 463400

B 1. Country to which remittance is made Korea (Democratic Peoples

. Republic Of)

Currency USD

2. Amount payable

In foreign currency 12,989

In Indian (₹) ₹ 10,95,622

3. IFSC Code MAHB0001244

Name of Bank BANK OF MAHARASHTRA

Branch of the bank DWARKA, NEW DELHI

4. BSR code of the bank branch (7 digit) 0001244

5. Name of the Authorized Dealer Bank of Maharashtra

Branch Address of the Authorized dealer International Division, 24,

Maker Chambers III, 2nd
Floor, Nariman Point, Mumbai
400 021

6. Proposed date of remittance 29-Aug-2024

7. Nature of remittance as per agreement/document Software Licences

8. Please furnish the relevant purpose code as per RBI Telecommunication,

Computer & Information
Services
 S0802 - Software
consultancy / implementation

9. In case the remittance is net of taxes, whether tax payable has Yes
been grossed up

10. Taxability under the provisions of the Income-tax Act (without

considering DTAA)

i. Is remittance chargeable to tax in India Yes

ii. If not reasons thereof -

iii. If yes, (a) the relevant section of the Act under which the AS PER INCOME TAX
remittance is covered ACT-1961

(b) The amount of income chargeable to tax ₹ 10,95,622

(c) The tax Liability ₹ 1,09,562

(d) Basis of determining taxable income and tax liability AS PER INCOME TAX
ACT-1961 UNDER
TECHINICAL SERVICES

11. If income is chargeable to tax in India and any relief is claimed

under DTAA

i. Whether tax residency certificate is obtained from the recipient No

of remittance

ii. Please specify relevant DTAA AS PER RELEVENT ARTICAL

OF DTAA

iii. Please specify relevant article of DTAA AS PER RELEVENT ARTICAL

OF DTAA

iv. Taxable income as per DTAA ₹ 10,95,622

v. Tax liability as per DTAA ₹ 1,09,562

11. If the remittance is for royalties, fee for technical services, interest, Yes
A dividend, etc,(not connected with permanent establishment)
please indicate:-

a. Article of DTAA AS PER RELEVENT ARTICAL

OF DTAA

b. Rate of TDS required to be deducted in terms of such article of 10

the applicable DTAA (%)

11. In case the remittance is on account of business income,please Yes

B indicate:-

a. Whether such income is liable to tax in India Yes

b. If so, the basis of arriving at the rate of deduction of tax AS PER INCOME TAX
ACT-1961 UNDER
TECHINICAL SERVICES
 c. If not, then please furnish brief reasons thereof. specifying -
relevant article of DTAA

11. In case the remittance is on account of capital gains, please No

C indicate :-

a. Amount of long term capital gains -

b. Amount of short-term capital gains -

c. basis of arriving at taxable income -

11. In case of other remittance not covered by sub-items A, B and C No

D

a. Please specify nature of remittance -

b. Whether taxable in India as per DTAA Yes

c. If yes, rate of TDS required to be deducted in terms of such 10

article of the applicable DTAA (%)

d. If not, please furnish brief reasons thereof, specifying relevant -

article of DTAA

12. Amount of TDS

In foreign currency 1,298.9

In Indian (₹) ₹ 1,09,562

13. Rate of TDS (%) As per Income-tax Act

10

14. Actual amount of remittance after TDS (In foreign currency) 11,690.1

15. Date of deduction of tax at source, if any 26-Aug-2024

Accountant Name DHIRAJ KUMAR

Name of the proprietorship/firm DHIRAJ KUMAR

Membership Number 418339

Address 2636, SECOND FLOOR,

SECTOR -16, Faridabad Sector
16a S.O, FARIDABAD, Haryana,
INDIA, 121002

Registration Number -

IP Address 106.219.121.135

Date of Certificate 29-Aug-2024

 Place FARIDABAD

Acknowledgement Number - 406925110290824

This form has been digitally signed by DHIRAJ KUMAR having PAN AVGPK3152Q from IP Address
106.219.121.135 on 29-Aug-2024 11:09:43 AM
Dsc Sl No and issuer ,C=IN,O=Pantagon Sign Securities Pvt. Ltd.,OU=Certifying Authority