How to File E-Form 15CA and 15CB?
Form 15CA and 15CB : When a resident of India makes a remittance to a non-resident, the information regarding the same must be provided to the Income Tax department as per the Income Tax Act, 196. The purpose behind the formulation of such laws is that taxes are collected timely. Form filing 15CA is done to provide a declaration by the remitter that any such remittances are made to the non-resident. Form filing 15CB is not a declaration form instead it is a certificate issued by Chartered Accountant ensuring that taxes are properly paid complying with the Income Tax Act. The following information is included in Form 15CB- a. Details of the remittance b. Nature of payment made to the remittee. c. Compliance of the payment with Section 195 of the Income Tax Act, 1961. d. Applicability of the Double Taxation Avoidance Agreement (DTAA)...