I have some query related in Form 15 CA . 1. limit amount 5,00,000 is for per Remittee per year or per Remitter per year ? 2.if i pay in a year UDS 2000 to mr. x. for professional services and he is an American. which part i fill in Form 15ca? 3.Can i deduct TDS?
15 April 2016
Dear, As per revised rules effective from 01.04.2016 15 CA is required when a person makes payment to Non resident or a foreign company. If amount doesnt exceed 5 lac details are to be furnished in part-A of 15CA. Also TDS would be deducted as per Section 195 as per Income Tax Act.
15 April 2016
1 The limit is per remitter per year. More details are required to decide whether the amount is taxable or not. Where the professional service is rendered and his residential status.
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