05 November 2014
A firm has purchased a property of Rs. 1 crore from NRI and deducted TDS @ 20.6% u/s 195. and balance amount net of TDS has been paid via bank draft in October 14 without submitting form 15CA/ 15CB just due to non receiving of PAN no. from Deptt. Now firm has received PAN & TAN both. Firm is liable to deposit tds u/s 195 upto 7 nov. 2014. Plz suggest how firm can fulfill all compliance under i tax act? Whether firm can file form 15CA now i.e. after date of remittance.plz suggets and guide complete procedure......
05 November 2014
even at time of remittance when pan card was not available you still have to file form 15CA/CB as you have already made the payment, if NRI insist you to deduct at lower rate, then you have to reverse the entry and make a fresh payment with 15CA & 15CB certificate
CAclubindia
