requirment of form 15CB

Dear Vipin Dupta Ji,

No nead of certificate in form 15CB at the time of credited of A/c. This form should be required at time of payement.

So in your case no nead of certificate in form 15CB for 20% balance payement  as on 31-03-2010 at the time of credit.

Agree with Dinesh

Yes, for the remaining 20% payment, even though it has not yet been paid, TDS should be deducted at the time the liability is created (as per the rule "due or paid, whichever is earlier"). Since the TDS is applicable, you will need to obtain a CA certificate in Form 15CB for the remaining 20% as well.

Once the TDS is deducted on the liability created, Form 15CA Part C will be required to be filed for the entire payment, including both the 80% already paid and the 20% for which the liability has been created.

To streamline the process and ensure accurate and timely filing, you can use our Excel-based utility to generate Form 15CA and 15CB XML in bulk. This will save you time and ensure compliance with the regulations.

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