CHANGES IN FORM 15CB & 15CA – w.e.f 1st April 2016

Furnishing of Information in Respect of Payments made to the Non-Resident

Section 195 of the Income-tax Act empowers the Central Board of Direct Taxes to capture information in respect of payments made to non-residents, whether chargeable to tax or not. Rule 37 BB of the Income-tax Rules has been amended vide Notification No. G.S.R. 978(E) dated 16^th December, 2015 to strike a balance between reducing the burden of compliance and collection of information under section 195 of the Act.

ARTICLE BEEN REMOVED ON THE REQUEST OF AUTHOR