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Form 15cb
what is impact of form 15 cb
Replies (3)
When ever u have to make payment outside India you need to deduct tax . However on certain payments either by virtue of nature of transaction or due to double taxation agreements certain payments may not be taxable. Hence u can take a certificate from a chartered accountant in 15cb for the correct deduction and remit it outside.
So TDS is deducted, and the balance amount is remitted to the foriegn party. So as per DTAA will he not pay tax again in his country?
Dear Anjali,
once the DTAA rate applies, no additional tax liability arise in the hands of the tax payer in his or her or its domestic country.
the method for claiming and extent of credit of taxes deducted in India will depend on the domestic tax laws of the resident country.
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