FORM 15CA AND FORM 15CB
Form 15CA,15CB ( For remittance of payments to non-resident or foreign company ) Person making any payment to NRI (Non-Resident Individual) or Foreign company, i) has to submit Form 15CA ii) Online/Digital Mode In some cases, a certificate of a Chartered Accountant in Form 15CB has to be taken before uploading 15CA. 15CB is the certificate issued by Chartered Accountant giving details of the payment,TDS rate & TDS deduction u/s 195 ( Payment to Non-Resident Individual) of the Income Tax. FORM 15CA & 15CB are not required if remittance pertains to 28 items specified in rule 37BB.Such 28 items are as follows:- Indian investment abroad -in equity capital (shares) Indian investment abroad -in debt securities Indian investment abroad -in branches and wholly owned subsidiaries Indian investment abroad -in subsidiaries and associates Indian investment abroad -in real estate Loans extended to Non-Residents Payment- for operating...