Payment to nri
This query is : Resolved
05 November 2014
A firm has purchased a property of Rs. 1 crore from NRI and deducted TDS @ 20.6% u/s 195. and balance amount net of TDS has been paid via bank draft in October 14 without submitting form 15CA/ 15CB just due to non receiving of PAN no. from Deptt. Now firm has received PAN & TAN both. Firm is liable to deposit tds u/s 195 upto 7 nov. 2014. Plz suggest how firm can fulfill all compliance under i tax act? Whether firm can file form 15CA now i.e. after date of remittance.plz suggets and guide complete procedure......
05 November 2014
even at time of remittance when pan card was not available you still have to file form 15CA/CB
as you have already made the payment,
if NRI insist you to deduct at lower rate, then you have to reverse the entry and make a fresh payment with 15CA & 15CB certificate
CA Chirag Doshi & Co
9833027231
as you have already made the payment,
if NRI insist you to deduct at lower rate, then you have to reverse the entry and make a fresh payment with 15CA & 15CB certificate
CA Chirag Doshi & Co
9833027231
07 November 2014
thanks a lot...
it means in this situation now no need to file form 15ca/cb?///
it means in this situation now no need to file form 15ca/cb?///
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- IT returns for fresh job holders
- F&O reporting in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Gst on travel by air for business purposes
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
