Form 15 Ca

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RISHAB BOTHRA (Querist)
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07 July 2011 Do we need to file form 15ca for remittance of Director's Remuneration to foreign country.Further more Rule 37BB does not mention about Sec 192 which is TDS on a/c of salaries.

Arihanth Jain

Arihanth Jain (Expert)
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08 July 2011 Ref to rule 37BB vide Notification No. 30/2009, Form 15CA is to be submitted electronically by any person responsible for making payment to any non-resident after obtaining a certificate from an accountant as per Explanation in section 288 of the Income tax Act.1961 i.e., Form 15CB

Ref to Sec 192 tds shall be made on salary payments. It does not distinguish whether the employee is resident or non-resident. Therefore compliance shall be required for even NR.

Hence from above payments to a non-resident director shall require form 15ca/cb compliance.