Applicability of the Double Taxation Avoidance Agreement.Compliance with Section 195 of the Income Tax Act.Details and nature of payment made to a Non Resident.Form 15CBįorm 15CB, however, is not a declaration, but a certificate issued by a Chartered Accountant ensuring that the provisions of the Double Taxation Avoidance Agreement and the Income Tax Act have been complied with in respect of tax deductions while making the payments. Form 15CA is a declaration filed by the person remitting the money in which he states that any payments made to the non-resident have been taxed. The goal of tax deduction at source and subsequent reporting is to ensure that taxes are collected on time. Under the Income Tax Act, all payments made by a resident to a non-resident must be disclosed. Through a press release dated 14th June 2021, the income tax department has relaxed the requirement of furnishing Form 15CA/15CB electronically on the new e-filing portal The taxpayers can submit the said forms in manual format to the authorised dealers till 30th June 2021. However, this article is a humble attempt to put to rest those fears and ensure a smooth process of submission and compliance. Form 26AS – What is Form 26AS? View & Download Form 26AS OnlineĬompliances to be made in respect of foreign remittances often gets one’s pulse racing, gets one all jittery and shaky, cause the process involves not just regular money, but foreign money.Ĭompliance, in itself, often gets people shivering in their boots, thanks to the inherent human tendency to panic whenever anything is submitted for approval or clearance from authorities who most often appear intimidating.Form 15G, Form 15H to Save TDS on Interest Income.Parivahan Sewa, mParivahan App – Online Services, Portal Login, Vehicle Details. PM Kisan - Registration, Beneficiary Status Check, 13th Installment Updates.PAN Card Download – 4 Ways to Download e-PAN Card Online Via NSDL, UTIITSL, AADHAAR, and e-Filing Website.Sections 206AB and 206CCA of Income Tax: Analysis, Applicability and FAQs.ITR U – What is ITR-U Form and How to File ITR-U.Section 206AB & 206CCA – Tax Deduction or Collection at Source For Not Filing of Income Tax Return.House Rent Allowance (HRA) - What is House Rent Allowance, HRA Exemption And Tax Deduction.CIBIL Credit Report : What is Credit score & How to check Credit score online.Income Tax Slab For Senior Citizen & Super Senior Citizen FY 2022-23.How to file ITR Online – Step by Step Guide to Efile Income Tax Return, FY 2021-22 (AY 2022-23).Which ITR Should I File? Types of ITR Forms for FY 2021-22, AY 2022-23 – All ITR Forms.46th GST Council Meeting: Latest News, Highlights and Updates.Budget 2023 Highlights: PDF Download, Key Takeaways And Important Points.Budget 2022 Highlights: PDF Download, Key Takeaways, Important Points.
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