form 15CA
This query is : Resolved
Pankaj Jhawar
(Querist)
27 May 2010
Whether form 15CA and Form 15CB (payment to non residents) is required to be submitted to Assessing Officer after the same has been submitted to Banks?
If yes, then what is the time limit for the same and to whom it should be submitted whether Income Tax assessing officer or TDS Assessing Officer.
If yes, then what is the time limit for the same and to whom it should be submitted whether Income Tax assessing officer or TDS Assessing Officer.
27 May 2010
FORM 15CA IS NOT REQUIRED TO BE SUBMITTED TO ITO OR TDS AO.
Pankaj Jhawar
(Querist)
27 May 2010
But as per the flow chart issued by the Department on procedure to payment of non resident dated 1/7/2009 it states in the last line that the same is required to be forwarded to AO.
Pankaj Jhawar
(Querist)
27 May 2010
But as per the flow chart issued by the Department on procedure to payment of non resident dated 1/7/2009 it states in the last line that the same is required to be forwarded to AO.
Aditya Maheshwari
(Expert)
27 May 2010
The form is required to be submitted to the A. O. which as per my knowledge is forwarded by the bank itself.
27 May 2010
BUT AS PER MY PRACTICAL EXPERIENCE 15CA IS DIRECTLY ACCEPTED BY BANK AND ONE COPY IS KEPT IN RECORD AND PRESENTED TO AO WHEN QUERY RAISED DURING ASSESSMENT. HAVE NOT SEEN ANYBODY FORWARDING 15CA TO AO.
Aditya Maheshwari
(Expert)
27 May 2010
That is what i am saying. We do not forward the form to the department but the bank does the same. The same is there is the flowchart as mentioned above which could very well be only on a query being raised by the department.
27 May 2010
Sorry Aditya ji i read "Forwarded to the Bank"
Aditya Maheshwari
(Expert)
27 May 2010
Its ok Sanjayji. Take car. Keep sharing and keep rocking.
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