Changes in Sec 195 Certificates
This query is : Resolved
20 June 2009
We understand effective 1.07.09 there are changes in issuing certificate for remittences to be made to non residents - pl furnish us the circular and changed procedures
20 June 2009
The circular is available at itax website
20 June 2009
Furnishing of information under sub-section (6) of section 195.
37BB. (1) The information under sub-section (6) of section 195 shall be furnished by the person responsible for making the payment to a non-resident, not being a company, or to a foreign company, after obtaining a certificate from an accountant as defined in the Explanation to section 288 of the Income-tax Act, 1961.
(2) The information to be furnished under sub-section (6) of section 195 shall be in Form No. 15CA and shall be verified in the manner indicated therein and the certificate from an accountant referred to in sub-rule (1) shall be obtained in Form No. 15CB.
(3) The information in Form No. 15CA shall be furnished electronically to the website designated by the Income-tax Department and thereafter signed printout of the said form shall be submitted prior to remitting the payment.
(4) The Director-General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified."
Income-Tax Department
FORM NO. 15CA
(See rule 37BB)
Information to be furnished under sub-section (6) of Section 195 of the Income-tax Act, 1961 relating to remittance of payments to a non-resident or to a foreign company
Ack. No -
Part A GENERAL
INFORMATION : REMITTER
Name of Remitter (Person responsible
For making payment u/s 195 of IT Act, 1961)
PAN of Remitter
Flat/Door/Block No.
Name of Premises/Building/Village
TAN of Remitter
Road/Street/Post Office
Area/Locality
Status-
Write 1 if company, Write 2 if firm, and write 3 if others
In case of company-If domestic, write 1 and if other than domestic, write 2
Town/City/District
State
Pin code
Principal Place of Business
Email Address
(STD code)-Phone Number
( )
Area Code
AO Type
Range Code
AO No
INFORMATION : RECIPIENT OF REMITTANCE
Name of recipient of Remittance
PAN of recipient of Remittance
Complete Address:
Country to which remittance is made :
Status-
Write 1 if company, write 2 if firm, and write 3 if others
Principal Place of Business
In case of company- If domestic, write 1 and if other than domestic, write 2
Email Address
(ISD code)-Phone Number
( )
INFORMATION : ACCOUNTANT
(a)
Name of the Accountant* signing the certificate
(b)
Name of the proprietorship/ firm of the Accountant
(c)
Address
(d)
Registration no. of the Accountant
(e)
Date of Certificate : (DD/MM/YYYY)
**Certificate No :
* Accountant (other than an employee) shall have the same meaning as defined in the Explanation to Section 288 of Income-tax Act, 1961.
** Please fill the serial number as mentioned in the certificate of the accountant.
For Office Use Only
For Office Use Only
Receipt No.
Date
Seal and Signature of receiving official
Part B
PARTICULARS OF REMITTANCE AND TDS (as per certificate of the Accountant)
PARTICULARS OF REMITTANCE AND TDS
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up?
(Tick) Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc., please indicate:-
(Tick) Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick) Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick) Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick) Yes No
(c) If the reply to Item no. (b) above is yes, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick) Yes No
(a) Whether such income is liable to tax in India
(Tick) Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick) Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
VERIFICATION
I/We, _____________________________________(full name in block letters), son/ daughter of ______________________________solemnly declare that the information given above is true to the best of my/our knowledge and belief and no relevant information has been concealed. I/We certify that a certificate has been obtained from an accountant, particulars of which are given in this Form, certifying the amount, nature and correctness of deduction of tax at source. In a case where it is found that the tax actually deductible on the amount of remittance has not been deducted or after deduction has not been paid or not paid in full. I/we undertake to pay the amount of tax not deducted or not paid, as the case may be along with interest due. I/We shall also be subject to the provisions of penalty for the said default as per the provisions of the IT Act, 1961. I/We further undertake to submit the requisite documents for enabling the Income-tax Authorities to determine the nature and amount of income of the recipient of the above remittance as well as documents required for determining my/our liability under the Income-tax Act as a person responsible for deduction of tax at source. I/We further declare that I/we am/are furnishing this information in my/our capacity as ____________________and I/we am/are also competent to sign the return of income as per provisions of section 140 of the Income-tax Act, 1961 and verify it.
Place Date Sign here
FORM NO. 15CB
(See rule 37BB)
Certificate of an accountant*
I/We have examined the agreement (wherever applicable) between Mr./Ms./M/sand Mr./Ms./M/srequiring the (remitters) (beneficiary) above remittance as well as the relevant documents and books of account required for ascertaining the nature of remittance and for determining the rate of deduction of tax at source as per provisions of sub-section (6) of section 195. We hereby certify the following:
A
Name and address of the beneficiary of the remittance
B
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up? If so computation thereof may be indicated.
(Tick) Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc, please indicate:-
(Tick) Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick) Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick) Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick) Yes No
(c) If the reply to Item no. (b) above is yes, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick) Yes No
(a) Whether such income is liable to tax in India
(Tick) Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick) Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
(Attach separate sheet duly authenticated wherever necessary)
**Certificate No.:
Signature:
Date : Name:
Place: Name of the proprietorship/firm
Address:
Registration number:
* (To be signed and verified by an accountant (other than an employee) as defined in the Explanation to section 288 of the Income-tax Act, 1961).
** Certificate number is an internal reference number to be given by the Accountant.
37BB. (1) The information under sub-section (6) of section 195 shall be furnished by the person responsible for making the payment to a non-resident, not being a company, or to a foreign company, after obtaining a certificate from an accountant as defined in the Explanation to section 288 of the Income-tax Act, 1961.
(2) The information to be furnished under sub-section (6) of section 195 shall be in Form No. 15CA and shall be verified in the manner indicated therein and the certificate from an accountant referred to in sub-rule (1) shall be obtained in Form No. 15CB.
(3) The information in Form No. 15CA shall be furnished electronically to the website designated by the Income-tax Department and thereafter signed printout of the said form shall be submitted prior to remitting the payment.
(4) The Director-General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified."
Income-Tax Department
FORM NO. 15CA
(See rule 37BB)
Information to be furnished under sub-section (6) of Section 195 of the Income-tax Act, 1961 relating to remittance of payments to a non-resident or to a foreign company
Ack. No -
Part A GENERAL
INFORMATION : REMITTER
Name of Remitter (Person responsible
For making payment u/s 195 of IT Act, 1961)
PAN of Remitter
Flat/Door/Block No.
Name of Premises/Building/Village
TAN of Remitter
Road/Street/Post Office
Area/Locality
Status-
Write 1 if company, Write 2 if firm, and write 3 if others
In case of company-If domestic, write 1 and if other than domestic, write 2
Town/City/District
State
Pin code
Principal Place of Business
Email Address
(STD code)-Phone Number
( )
Area Code
AO Type
Range Code
AO No
INFORMATION : RECIPIENT OF REMITTANCE
Name of recipient of Remittance
PAN of recipient of Remittance
Complete Address:
Country to which remittance is made :
Status-
Write 1 if company, write 2 if firm, and write 3 if others
Principal Place of Business
In case of company- If domestic, write 1 and if other than domestic, write 2
Email Address
(ISD code)-Phone Number
( )
INFORMATION : ACCOUNTANT
(a)
Name of the Accountant* signing the certificate
(b)
Name of the proprietorship/ firm of the Accountant
(c)
Address
(d)
Registration no. of the Accountant
(e)
Date of Certificate : (DD/MM/YYYY)
**Certificate No :
* Accountant (other than an employee) shall have the same meaning as defined in the Explanation to Section 288 of Income-tax Act, 1961.
** Please fill the serial number as mentioned in the certificate of the accountant.
For Office Use Only
For Office Use Only
Receipt No.
Date
Seal and Signature of receiving official
Part B
PARTICULARS OF REMITTANCE AND TDS (as per certificate of the Accountant)
PARTICULARS OF REMITTANCE AND TDS
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up?
(Tick) Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc., please indicate:-
(Tick) Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick) Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick) Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick) Yes No
(c) If the reply to Item no. (b) above is yes, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick) Yes No
(a) Whether such income is liable to tax in India
(Tick) Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick) Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
VERIFICATION
I/We, _____________________________________(full name in block letters), son/ daughter of ______________________________solemnly declare that the information given above is true to the best of my/our knowledge and belief and no relevant information has been concealed. I/We certify that a certificate has been obtained from an accountant, particulars of which are given in this Form, certifying the amount, nature and correctness of deduction of tax at source. In a case where it is found that the tax actually deductible on the amount of remittance has not been deducted or after deduction has not been paid or not paid in full. I/we undertake to pay the amount of tax not deducted or not paid, as the case may be along with interest due. I/We shall also be subject to the provisions of penalty for the said default as per the provisions of the IT Act, 1961. I/We further undertake to submit the requisite documents for enabling the Income-tax Authorities to determine the nature and amount of income of the recipient of the above remittance as well as documents required for determining my/our liability under the Income-tax Act as a person responsible for deduction of tax at source. I/We further declare that I/we am/are furnishing this information in my/our capacity as ____________________and I/we am/are also competent to sign the return of income as per provisions of section 140 of the Income-tax Act, 1961 and verify it.
Place Date Sign here
FORM NO. 15CB
(See rule 37BB)
Certificate of an accountant*
I/We have examined the agreement (wherever applicable) between Mr./Ms./M/sand Mr./Ms./M/srequiring the (remitters) (beneficiary) above remittance as well as the relevant documents and books of account required for ascertaining the nature of remittance and for determining the rate of deduction of tax at source as per provisions of sub-section (6) of section 195. We hereby certify the following:
A
Name and address of the beneficiary of the remittance
B
1.
Country to which remittance is made
Country:
Currency:
2.
Amount of remittance
In foreign currency
In Indian Rs.
3.
Name of the bank
Branch of the bank
4.
BSR Code of the bank branch (7 digit)
5.
Proposed date of remittance
(DD/MM/YYYY)
6.
Amount of TDS
In foreign currency
In Indian Rs.
7.
Rate of TDS
As per Income-tax Act (%)
As per DTAA (%)
8.
Actual amount of remittance after TDS
In foreign currency
In Indian Rs.
9.
Date of deduction of tax at source
(DD/MM/YYYY)
10.
Nature of remittance as per agreement/ document
11.
In case the remittance is net of taxes, whether tax payable has been grossed up? If so computation thereof may be indicated.
(Tick) Yes No
12.
If the remittance is for royalties, fee for technical services, interest, dividend, etc, please indicate:-
(Tick) Yes No
(a) The clause of the relevant DTAA under which the remittance is covered along with reasons
Clause of DTAA
(b) Rate of TDS required to be deducted in terms of such clause of the applicable DTAA
As per DTAA (%)
(c) In case TDS is made at a lower rate than the rate prescribed under DTAA, reasons thereof
13.
In case remittance is for supply of articles or things (e.g. plant, machinery, equipment etc.), please indicate,
(Tick) Yes No
(a) Whether the recipient of remittance has any permanent establishment (PE) in India through which the beneficiary of the remittance is directly or indirectly carrying on such activity of supply of articles or things?
(Tick) Yes No
(b) Whether such remittance is attributable to or connected with such permanent establishment
(Tick) Yes No
(c) If the reply to Item no. (b) above is yes, the amount of income comprised in such remittance which is liable to tax.
(d) If not, the reasons in brief thereof.
14.
In case the remittance is on account of business income, please indicate:-
(Tick) Yes No
(a) Whether such income is liable to tax in India
(Tick) Yes No
(b) If so, the basis of arriving at the rate of deduction of tax.
(c) If not, the reasons thereof.
15.
In case any order u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer, details thereof:
(Tick) Yes No
(a) Name and Designation of the Assessing officer who issued the order/ certificate
(b) Date of the order/ certificate
(DD/MM/YYYY)
(c) Specify whether u/s 195(2)/ 195(3)/ 197 of I T Act
16.
In case of any other remittance, if tax is not deducted at source for any reason, details thereof.
(Attach separate sheet duly authenticated wherever necessary)
**Certificate No.:
Signature:
Date : Name:
Place: Name of the proprietorship/firm
Address:
Registration number:
* (To be signed and verified by an accountant (other than an employee) as defined in the Explanation to section 288 of the Income-tax Act, 1961).
** Certificate number is an internal reference number to be given by the Accountant.
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