Form 15ca & 15cb
This query is : Open
deepika dhakad
(Querist)
16 January 2015
A Firms has purchased a land in india from NRI. Firm has made payments to NRI via bemad draft(banker cheque) after deducting TDS u/s 195. Means made payments in indian currency as firms has handedover demand draft to the NRI. In this situation whether form 15CA/CB is mandatory?
if yes plz suggest us procedure of this .
if yes plz suggest us procedure of this .
CA SONIYA AGARWAL
(Expert)
16 January 2015
FORM 15 CA - FOREIGN REMITTANCES - INFORMATION TO BE FURNISHED FOR PAYMENTS
( CHARGEABLE TO TAX) TO A NON-RESIDENT INDIVIDUAL OR TO A FOREIGN COMPANY - if the remittance is chargeable to tax and does not exceed fifty thousand rupees and the aggregate of such remittances made during the financial year does not exceed two lakh fifty thousand rupees - https://incometaxindiaefiling.gov.in/ - this is the site to get form 15 CA and to upload it too
FORM 15 CB - Chargeability of Foreign Remittance-Tax Determination Certificate where the Issuer CA examines the remittance having regard to chargeability provisions under Section 5 and 9 of Income tax Act along with provisions of Double tax Avoidance Agreements with the Recipient’s Residence Country -https://www.caclubindia.com/forum/revised-form-15cb-266844.asp#.VJlAU_8wAJ4 - link to get format of 15 CB
( CHARGEABLE TO TAX) TO A NON-RESIDENT INDIVIDUAL OR TO A FOREIGN COMPANY - if the remittance is chargeable to tax and does not exceed fifty thousand rupees and the aggregate of such remittances made during the financial year does not exceed two lakh fifty thousand rupees - https://incometaxindiaefiling.gov.in/ - this is the site to get form 15 CA and to upload it too
FORM 15 CB - Chargeability of Foreign Remittance-Tax Determination Certificate where the Issuer CA examines the remittance having regard to chargeability provisions under Section 5 and 9 of Income tax Act along with provisions of Double tax Avoidance Agreements with the Recipient’s Residence Country -https://www.caclubindia.com/forum/revised-form-15cb-266844.asp#.VJlAU_8wAJ4 - link to get format of 15 CB
Rupesh Jain
(Expert)
16 January 2015
if you are sending the amount then its required w/o this bank not tfr. the amount
Rupesh Jain
(Expert)
16 January 2015
if you are sending the amount then its required w/o this bank not tfr. the amount
deepika dhakad
(Querist)
17 January 2015
PAyment has alraedy been made to NRI . Pymt (exceed Rs. 80 Lacs). Now how firm can fill form 15CA & 15CB as pymt already made?
whether there is any penal provision for non filling of form 15CA/CB?
Plz guide
whether there is any penal provision for non filling of form 15CA/CB?
Plz guide
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