Friday, September 13, 2013

New Reporting format for Form 15CA & 15CB

The person paying to a non-resident company, or to a foreign company, any interest or salary or any
other sum chargeable to tax shall furnish the following:

  1. Part A of the Form 15CA, if the individual payment & the aggregate payment does not exceed Rs 50000 and Rs 250000 respectively.
  2. Part B of Form no. 15CA for other cases, after obtaining the following: -
  •  Certificate in Form 15CB form a CA.
  • Certificate from the Assessing Officer u/s 197
  • An order from Assessing Officer u/s 195
The amendment is applicable from 1st October 2013.

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