part payment to foreign vendor- how to show under form 15CA

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 if one has to make 100000 usd u/s 195 (withholding tax) and he would like to send 5 part payment against that say 20K -20k.
then how this will be shown in form 15CA and 15CB?
is every time a fresh certificate for the original amoun to be taken for making remittances?

Aditya Maheshwari

Aditya Maheshwari (Expert)

17 December 2010 yes

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 then how the IT department recognise that its the same transaction or 5 different transactions?

and what the date of remittance to be given in the form 15CA and 15CB as amount is going to be remitted partly only?

Aditya Maheshwari

Aditya Maheshwari (Expert)

17 December 2010 date of remittance would be the different dates of payment and different amounts of payments being made.

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 but there is no row or cell to specify the amount of part remittance. expect a cell for "actual remittance after deduction" that will be the original net amount.

Aditya Maheshwari

Aditya Maheshwari (Expert)

17 December 2010 when u are making part remittance how full remittance amount can come in that column?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)

18 December 2010 I think there is confusion on part and full payment.I would like to clear that if you are crediting the full contract amount of USD 100000/- then the whole TDS should be deducted and the rest payments should be made in the first installment itself.
Otherwise follow the present procedure which you are following.

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