lockerllka.blogg.se - Form 15ca and 15cb download

A remitted USD 1,25,000 to his son who went to Germany for higher educations.

Not applicable to an individual who does not require RBI approval as per Section 5 of the Foreign Exchange Management Act, 1999.Įxample: Mr.

When the remitter makes remittance as per the specified list of payments in Rule 37BB of Income Tax Rules.

when order/ certificate has not been received from Assessing Officer (AO).

to non-resident or foreign company is taxable and.

when income accrues/ arises/ received or deemed to accrue/ arise/ received in India (Section 5 of Income Tax Act).įorm 15CB is a certificate required to be filed by the Chartered Accountant when remittance is made.

by remitter who can be resident /non-resident/ domestic company/foreign company.

to non-resident or to foreign company (irrespective of whether remittance is subject to tax).

Various aspects of the above compliance are covered as under-: Part 1: Applicabilityįorm 15CA is a declaration by any person intending to make remittance:

The remitter making payment to non-resident should furnish an undertaking in Form 15CA containing the information relating to payment of such sum along with certificate attested by Chartered Accountant in Form 15CB. As per provisions of Section 195 of Income tax Act,1961 any person responsible for paying money to a non-resident including foreign company shall deduct income tax for payment made to non-resident. Any payment made to a non-resident or a foreign company is subject to various rules and regulations.