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  • Form No. 15cb (see Rule 37bb) Certificate Of An Accountant ...

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FORM NO. 15CB (See rule 37BB) Certificate of an accountant We have examined the agreement Mr./Ms./M/s Avinash Gupta and Mr./Ms./M/s XYZ University, USA requiring the above remittance as well as the.

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As per the Section 195 of the Income Tax Act, 1961, read with Rule 37BB of the Income Tax Rules, 1962, every authorized dealer making a payment to a non-resident, not being a company or to a foreign company, is required to furnish statement of such payments Form 15CC.

This is a kind of certification regarding rates and right kind of tax paid by you. Certain details are required from Form 15CB at the time of filing Form 15CA. At first glance it appears that Form 15CA is not required to be filled if the remittance or payment to non-resident Indian is not chargeable to tax.

What is Form 15CC? Every authorized dealer making remittance to a non-resident, not being a company or to a foreign company, is required to make a quarterly disclosure of such remittance in Form 15CC.

When the payment made is not chargeable to tax under income tax act Rule 37BBSl. No.Nature of Payment1Indian investment abroad -in equity capital (shares)2Indian investment abroad -in debt securities3Indian investment abroad-in branches and wholly owned subsidiaries30 more rows

Furnishing of information for payment to a non-resident, not being a company, or to a foreign company.

In form 15CB, a CA certifies the details of the payment, TDS rate, TDS deduction and other details of nature and purpose of remittance. In other words, Form 15CB is the Tax Determination Certificate in which the CA examines a remittance with regard to chargeability provisions.

When the payment made is not chargeable to tax under income tax act Rule 37BBSl. No.Nature of Payment1Indian investment abroad -in equity capital (shares)2Indian investment abroad -in debt securities3Indian investment abroad-in branches and wholly owned subsidiaries30 more rows

Any person who fails for delaying or failing to submit Forms 15CA & 15CB to the Income-tax dept is entitled to impose a penalty of INR 1,00,000/- on the defaulter. The penalty is also payable in the event that the person files incorrect information or files the wrong section of Form 15CA.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232