Form 15CA & Form 15CB - Everything you want to know about. Find Complete details for Form 15CA & Form 15CB. All about for Form 15CA & Form 15CB. Check Complete details regarding Form 15CA & Form 15CB like - What is form 15CA ?, What is form 15CB ?, How to furnish form 15CA ? etc. Recently we also provide Why should I pay tax? and TDS on Non residents Section 195 Now you can scroll down below and check "Form 15CA & Form 15CB - Everything you want to know about"
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What is form 15CA ?
when you are trying to pay money across international boundaries it may become more complex to collect the amount of income tax on that payment from the party to whom payment is being made. So in order to avoid this difficulty sec 195 has been in force , which talks about deduction of tax while making payments to a non resident individual PR non resident company what ever it could be.
What is form 15CB ?
The person making the payment needs to obtain a certificate from a Chartered Accountant in Form 15CB. The format of Form 15CB has been prescribed by Central Board of Direct Taxes The person making the payment to a nonresident needs to furnish an Form 15CA followed by a Chartered Accountants Certificate in Form 15CB.As per RBI :
Except in cases of certain personal remittances which have been specifically exempted, no payment should be made to a nonresident without furnishing an undertaking in Form 15CA accompany by Form 15CBHow to furnish form 15CA ?
Points to be known :
1) when remittance is towards the list of 28 items mentioned in Rule 37BB then s Form 15CA and certificate from CA in Form 15CB are not required.- Complete Details for E-payment of Direct Taxes
- Is deduction allowed for stamp duty & registration charges?
- Submission of PAN Details of Landlord
- rebate u/s 87A
- All About Black Money Bill 2015
- Deposits Under Company’s Act 2013
- Why should I pay tax?
- TDS on Non residents Section 195
- Double Taxation Avoidance Agreements
- How to Determine Residential status in India
- Interest on income tax u/s 234A , 234B, 234C