Is tax payment must before 15cb

No, tax payment is not required.

Anuj

Yes, TDS payment has to made before making remittance. The following is procedure for Foreign Remittance.

•  Application for OTT / ODD as per Annexure III & A2 or Annexure X or Annexure XI.
•  Document in support of the remittance.(recommended)
•  Undertaking and certificate of deduction of Tax at source u/s 195 of I.T. Act (if aplicable).
• Form & Application for Remittance U/s 195 of the Income Tax Act . (Annex 4, Para A.20 of Master Circular). Which is signed by Authorised signatory .
• Form A2
• Provide all details alongwith TDS if applicable to CA.
• Obtain CA Certiifcate (Form 15 CA)
• Based on CA Certificate (Form 15CA) fill furnish all the details online on NSDL tin website (Form 15CB) & sumbit the same.
• Take a print & the same should be sign by Responsible / Authorised person.
• Submit Remittance Letter, Undertaking, Form A2, Annex 4, Form 15 CA & Form 15CB to bank for remittance.

For any further clarification, please feel free.

Thanks,

Nitin

Dear Nitin,

I too did some research....does rule 30 helps us ....

² [Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192.

30.   (1) All sums deducted in accordance with the provisions of Chapter XVII-B by an office of the Government shall be paid to the credit of the Central Government—

          (a )  on the same day where the tax is paid without production of an income-tax challan; and

         (b )  on or before seven days from the end of the month in which the deduction is made or income-tax is due under sub-section (1A) of section 192, where tax is paid accompanied by an income-tax challan.