part payment to foreign vendor- how to show under form 15CA

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 if one has to make 100000 usd u/s 195 (withholding tax) and he would like to send 5 part payment against that say 20K -20k.
then how this will be shown in form 15CA and 15CB?
is every time a fresh certificate for the original amoun to be taken for making remittances?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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17 December 2010 yes

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 then how the IT department recognise that its the same transaction or 5 different transactions?

and what the date of remittance to be given in the form 15CA and 15CB as amount is going to be remitted partly only?

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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17 December 2010 date of remittance would be the different dates of payment and different amounts of payments being made.

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2010 but there is no row or cell to specify the amount of part remittance. expect a cell for "actual remittance after deduction" that will be the original net amount.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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17 December 2010 when u are making part remittance how full remittance amount can come in that column?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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18 December 2010 I think there is confusion on part and full payment.I would like to clear that if you are crediting the full contract amount of USD 100000/- then the whole TDS should be deducted and the rest payments should be made in the first installment itself.
Otherwise follow the present procedure which you are following.