Tds
This query is : Resolved
10 January 2015
whether tds is required to be deducted while making payment of commission to non resident & please also tell about 15CA &15CB form
11 January 2015
TDS is required to be deducted on commission to Non Residents U/s 195 (i)@30.9%.
Form 15 CA is the information to be submitted to Income tax department ONLINE at www.tin-nsdl.com and thereafter the hard copy of print out duly signed by the remitter to the Bank ( Authorized dealer. Form 15 CB is a certificate by a Chartered Accountant.Form 15CB is not required if the payment is not in excess of Rs.50000/-for single transaction and also in a financial year aggregate remittances not exceed Rs.2,50,000/-.And also if the remittance is covered under specified list of 39 types of payments, Form 15 CB is not required.
Form 15 CA is the information to be submitted to Income tax department ONLINE at www.tin-nsdl.com and thereafter the hard copy of print out duly signed by the remitter to the Bank ( Authorized dealer. Form 15 CB is a certificate by a Chartered Accountant.Form 15CB is not required if the payment is not in excess of Rs.50000/-for single transaction and also in a financial year aggregate remittances not exceed Rs.2,50,000/-.And also if the remittance is covered under specified list of 39 types of payments, Form 15 CB is not required.
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