Manager - Finance & Accounts
58560 Points
Joined June 2010
Hey Punit! Good question.
Here’s how it works:
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If your total payments to a non-resident in a financial year are up to ₹5 lakhs, you only need to file Form 15CA Part A.
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If the total payments exceed ₹5 lakhs at any point during the year, then for the payments beyond ₹5 lakhs, you need a CA certificate (Form 15CB) and have to file Form 15CA Part C or D (depending on whether tax is deducted or not).
So, in your case:
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Suppose you already paid ₹5 lakhs or less earlier in the year and filed Part A.
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Now you want to make an additional payment of ₹1 lakh. Your total payments will cross ₹5 lakhs.
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This means you have to get a CA certificate (Form 15CB) for the entire amount exceeding ₹5 lakhs and file Form 15CA Part C or D for this additional payment.
You can’t continue filing Part A once you cross the ₹5 lakh threshold in aggregate payments.
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