The person making payment/ remittance to non – resident holds the responsibility to furnish an undertaking (in form 15CA) attested by a Chartered Accountants Certificate in Form 15CB. So when a person has to make any payment or remit any money to non-resident, the bank will have to verify the payment of tax and act accordingly.
Understand TDS calculation & deduction on salary for FY 2018-19. Learn how employers estimate taxable income & deduct tax at source to prevent tax evasion.
