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15ca CB for proprietorship

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Sanjeev Kumar

Company Secretary

77 Points Posted on 04 May 2020

hi
is it necessary to obtain tan number to make the payment in the foreign currency to foreign party.

bank is insisting on to filing form 15ca CB to make the payment to the foreign party.

for proprietorship do we need to get the TAN and deduct TDS.

Replies (5)

Quick Summary

This discussion clarifies the necessity of obtaining a TAN number and filing Forms 15CA/CB for foreign currency payments made by a proprietorship. It addresses whether TDS needs to be deducted for payments to foreign freelancers, considering Double Taxation Avoidance Agreements (DTAA) like the one with Thailand. The consensus is that a TAN is generally required if the payment is subject to TDS, though forms can sometimes be filed without it.

Rahul Jalan

Chartered Accountant

121 Points Posted on 04 May 2020

If the foreign currency payment is subject to TDS, then TAN would be required. Form 15CA/CB can be filed without mentioning TAN.

Sanjeev Kumar

Company Secretary

77 Points Posted on 04 May 2020

Thanks a lot for your reply. Actually the payment is to be made to a freelancer translator in Thailand. he does not have any permanent establishment in India. Can you please suggest on the tds deduction. i mean do we need to deduct tds or not.