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...
Provisions of Sec. 195(6) of the income tax act got amended by the Finance Act 2015 and it comes into force with effect from 1-6-2015. As per the amended provision, the person responsible for paying any sum, whether chargeable to tax or not, to a non-resident shall be required to furnish the information of the prescribed sum in such form and manner as may be prescribed. When the original provision was inserted,
Issues arising from Notification No 67/2013, dt 2-9-2013 amending Rule 37BB of IT Rules, 1962 wrt Foreign Outward Remittances- Form 15CA & Form 15CB Ministry of Finance has recently amended Income tax Rules vide Notification No 67/2013, dt 2-9-2013 with regard to Foreign Outward Remittances and Form 15CA &15CB. This notification is in supersession of an […]
CA Sandeep Kanoi Tax deductor and collector holding valid TAN can register and use the TAN based credentials to file Form 15CA but to fill form 15CA if no tax is been deducted it is still not mandatory for remitter to have TAN. Link To Register on Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/e-Filing/Registration/RegistrationHome.html
With effect from February 12, 2014, functionality of furnishing the foreign remittance details in Form 15CA will be available on the e-filing portal of Income Tax Department . Contact e-filing portal 1800 4250 0025 for more details. Source- https://www.tin-nsdl.com/
CBDT has finally recognised the difficulty faced by the importers of services in filing online 15CA and introduced The Facility to bulk upload Form 15CA is now available as offline utility. The Remitter may use either online or offline utility to upload Form 15CA. Link Form 15CA Information to be furnished for payments, chargeable to […]
Revised Form 15CA is as applicable from 01.10.2013 is Available only for the Payments related to A.Y. 2012-13 and 2013-14. So what if Assessee has to make the payment for current Assessment year i.e. 2014-15?
CA Sandeep Kanoi We have Published a post yesterday titled ‘Revised Form 15CA as applicable from 01.10.2013 not yet available online’ on 09.09.2013. In this post we have mentioned that CBDT has not yet provided the format of revised form 15CA on the NSDL website which remitter use to file form 15CA.
CBDT has vide Notification No. 67 of 2013, dated 2 September 2013 revised Rule 37BB of the Income tax Rules, 1962 related to information which are required to be furnished by a person while making payment to a non- resident.
Notification No. 67/2013 – Income Tax DATED 2-9-2013 Income-tax (14th Amendment) Rules, 2013 – Furnishing of information by the person responsible for making any payment including any interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a foreign company
File Validation Utility (FVU) for Form 15CA Bulk upload (version 1.3) released on 07/03/2013 The Form 15CA FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04 or IBM JRE: 1.4.1.0] should be installed on the computer where the Form 15CA FVU is being installed. Java is […]
