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  CBDT vide notification No. 67 dated 02.09.2013 notified new Forms Form 15CA and CB . The most important changes that have been brought in the new regime for making payments outside India w.e.f 01/10./2013 are as follows:-

1. Chartered Accountant is supposed to provide in the form 15CB as to whether Tax Residency Certificate(TRC) is obtained - I shall urge all the Chartered Accountants signing Form 15CB after 01.10.2013 to ensure that TRC is obtained from the service provider if DTAA benefit is taken.

2. In 28 cases provided in the notification , no need to file form 15CA or obtaining Form 15CB

3. No need to obtain Form 15CB or file Form 15CA if the income is not chargeable to tax in India.

4. Remmiter only needs to fill in Part -A of Form 15CA if the payment to be made outside India is less than Rs. 50,000/- and the aggregate of such payments to such party does not exceed Rs. 2,50,000/- in a year. There is no need to obtain Form 15CB if Part-A of Form 15CA is being filled up.

5. Remmitter needs to fill in Part -B of Form 15CA if the payment to be made outside India is more than Rs. 50,000/-  or the aggregate of such payments to such party exceeds Rs. 2,50,000/- in a year or the sum paid is chargeable to tax in India. The remmitter also needs to obtain 15CB if Part-B of Form 15CA is being filled up.

Revised Procedure for filing Form 15CA 

Now you need to login from the REMITTER id at:

https://incometaxindiaefiling.gov.in

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e-Filing

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Prepare and submit online Form(other than ITR)

The Digital Signature of the remitter i.e. Director / Partner/Proprietor needs to be affixed before proceeding to fill up the form.

The Remitter needs to choose Part A or Part B before staring to fill up the form.

Remitter has option to save the draft before uploading.


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Category Income Tax, Other Articles by - CA. Anuj Gupta 



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