Withholding Tax from Payments to Non-resident - Procedures

Course Description

Withholding tax for payment to non-resident and issuance of Form 15CA / 15CB . This course analyses the relevant withholding tax provisions and procedures which would assist CA's and Industry expert in withholding tax compliance and certification.

• Section 195
  • Payment covered u/s 195 -
  • - Interest payments to non-resident
  • - Any other Sum Chargeable to tax (Other than salary)
• Payments to non-resident not covered under section 195
• Payments to non residents taxable on gross basis
• Payments to non residents taxable on net basis
• Person responsible to withhold tax on payments to non-resident
• Who is liable to withhold tax u/s 195 ?
• Liability of resident to withhold tax u/s 195 ?
• Liability of resident to withhold tax u/s 195 - Royalty/ FTS
• Liability of non-resident to withhold tax u/s 195 - Royalty/ FTS
• Time of deduction of withholding tax u/s 195
• Rate of deduction of withholding tax for payment to non-resident
• Selection of withholding tax rate depends on existence of DTAA
• Higher Withholding tax rate on non-furnishing of pan by Non-resident - Section 206AA
• Non-applicability of section 206AA on payments to non-resident – Rule 37BC
• Non-applicability of section 206AA on interest payment
• When section 206AA is applicable ?
• Whether surcharge and Cess would be levied on withholding tax rates ?
• Determination of WHT – AO Certificate
• Certificate u/s Section 195(2) applied by payor
• Certificate of Nil withholding tax u/s SECTION 195(3) applied by NR payee
• Certificate for deduction of tax at a lower rate - Section 197 applied by NR payee
• Validity period of certificate for non deduction of WHT – Section 195(4)
• Format of Lower withholding tax certificate given by AO
• Reporting of foreign remittance in Form 15CA and Form 15CB – Section 195(6)
• Refund of TDS u/s 195 to the payer
• Process of claiming refund of TDS u/s 195
• FORM 15CB AND FORM 15CA - Relation
• Who can issue form 15CB ?
• Documents to be examined by Chartered Accountant for issuing form 15CB
• Sample copy of form 10F
• Whether to apply DTAA rate or rate of Income tax act ?
• Payments to non-resident for which no form 15CA / Form 15CB to be filed
• Negative list of payment for which no form 15CA / 15CB required
• When to file Form 15CB ?
• How to fill form 15CB ?
• Reporting under Form 15CA
• Step-by-step procedure to fill form Part C of form 15CA
• Liability to withhold tax u/s 195 ?
• Withholding tax rates under Income tax act for payments to non-resident
• Due date for payment of TDS deducted from payment to non-resident
• Step-by-step procedure to file form 15CB
• Step-by-step procedure to Prepare and submit form 15CA online
• Revision / withdrawal of Form 15CA / 15CB in case of error

Terms and Conditions:

• Total Length of Videos: 3 Hrs
• Expiry: 3.0 months or 50 hours of viewing whichever is earlier from the date of registration.
• Videos are meant for web viewing only and cannot be downloaded. Videos are available in Full Screen viewing
• Course/Subject purchased once cannot be cancelled