Income Tax : The law places the responsibility of TDS deduction on the buyer, not the seller. Failure to comply can lead to penalties, interest...
Income Tax : Explains when Form 15CA must be filed for payments to non-residents and how it enables tax authorities to track cross-border remit...
Income Tax : Learn about Tax Deducted at Source (TDS), its purpose, scope, and the applicable deduction rates for FY 2025-26 under various sect...
Income Tax : 1. Introduction In an increasingly globalized economy, cross-border transactions have become commonplace. To ensure tax compliance...
Income Tax : Dive into the essentials of Form 15CA & 15CB, requirements, penalties for non-compliance, and exemptions. Learn how to ensure tax ...
Income Tax : Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers between 7th June to 15th August 2021 i...
Income Tax : We are listing around 38 issues in portal and this is the beginning only because still we are working on preliminary aspects and f...
Income Tax : fter launching of the website by the Income Tax Department on 07th day of June, 2021 the members are facing the problems as discus...
Income Tax : As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the ...
Income Tax : The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The existing portal o...
Income Tax : The ITAT Surat deleted a Section 271-I penalty against Gopal Chandak for non-filing of Form 15CA on non-taxable remittances, citin...
Income Tax : Assessee was engaged in the business of manufacturing of diamond by cutting and polishing of rough diamond and sale thereof. Durin...
Corporate Law : Delhi High Court held that unauthorized outward remittance by forged Form 15CB certificates has not fulfilled the ingredients of t...
Income Tax : As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the ...
Income Tax : In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.g...
Income Tax : Notification No. 93/2015 - Income Tax G.S.R. 978(E) dated 16th December, 2015 A CA certificate in Form No. 15CB will be required t...
Income Tax : Notification No. 67/2013 - Income Tax DATED 2-9-2013 Income-tax (14th Amendment) Rules, 2013 - Furnishing of information by the p...
The law places the responsibility of TDS deduction on the buyer, not the seller. Failure to comply can lead to penalties, interest, and legal consequences.
Explains when Form 15CA must be filed for payments to non-residents and how it enables tax authorities to track cross-border remittances. The key takeaway is that timely and accurate filing is essential to avoid remittance delays and tax exposure.
Learn about Tax Deducted at Source (TDS), its purpose, scope, and the applicable deduction rates for FY 2025-26 under various sections for residents, non-residents, and companies.
The ITAT Surat deleted a Section 271-I penalty against Gopal Chandak for non-filing of Form 15CA on non-taxable remittances, citing that rules were notified late.
1. Introduction In an increasingly globalized economy, cross-border transactions have become commonplace. To ensure tax compliance and prevent tax evasion, the Indian Income Tax Department mandates the filing of Form 15CA and Form 15CB for certain foreign remittances. These forms serve as a mechanism for the government to track payments made to non-residents and ensure that appropriate taxes are […]
Assessee was engaged in the business of manufacturing of diamond by cutting and polishing of rough diamond and sale thereof. During assessment, Assessing Officer noted that assessee has made 20 transactions of foreign remittance.
Dive into the essentials of Form 15CA & 15CB, requirements, penalties for non-compliance, and exemptions. Learn how to ensure tax compliance for international transactions.
Gain insights into Form 15CA and 15CB, essential for cross-border transactions. Learn their significance, types, and procedures to ensure tax compliance in India.
Understand Form 15CA/15CB and their filing process for cross-border transactions. Ensure compliance and transparency in international money transfers.
Delhi High Court held that unauthorized outward remittance by forged Form 15CB certificates has not fulfilled the ingredients of the offence of money laundering as there is no “proceeds of crime” being generated from scheduled offence i.e. fabrication of Form 15CB certificates.
