FORM 15CA AND CB
Cross border transactions are catching up pace in the recent times. This involves the flow of money to and from the country. It becomes paramount important that the remitter comply with various documentary compliances while effecting a foreign remittance. This product will help the business entity to ensure that forms necessary for foreign remittance are filed by the remitter while making a foreign remittance i.e Form 15 CA and Form 15 CB.
Incorrect Tax deduction or Non Deduction of TDS on foreign payments leads to 100% disallowance under income Tax and leads to tax outflows.
We review our client's foreign payments on transactional basis and advice on the TDS to be deduction and support them in filing of Form 15CA and CB.
With effect from financial year 2020-2021, Dividends is now subject to income tax and is taxable in the hands of shareholder. Hence,15 CA and or 15CB needs to be generated for all payments of dividends to shareholders resident outside India.
With our tech tie-up's, we are able to process than 3000 15CA's and 15CB on a short interval, typically within half day and therefore enabling dividend payments which needs to be made on timebound basis.
Documents Required
- PAN Card of Applicant (Remitter) along with Income tax id and password
- Invoice / Details for which payment is to be made.
- No PE Declaration from Non Resident ( if applicable)
- Tax Residency Certificate (TRC) of NR.
- Bank Account Details (Cancelled Cheque) from which payment is to be made
- BSR Code ( Branch code of bank from which payment is to be made)
- Digital Signature of Remitter.
Package Includes
- Tax Calculation
- Preparation of Form
- Consultancy with regards to cross broader transactions