Tds

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Mohit (Querist)
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10 January 2015 whether tds is required to be deducted while making payment of commission to non resident & please also tell about 15CA &15CB form

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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11 January 2015 TDS is required to be deducted on commission to Non Residents U/s 195 (i)@30.9%.
Form 15 CA is the information to be submitted to Income tax department ONLINE at www.tin-nsdl.com and thereafter the hard copy of print out duly signed by the remitter to the Bank ( Authorized dealer. Form 15 CB is a certificate by a Chartered Accountant.Form 15CB is not required if the payment is not in excess of Rs.50000/-for single transaction and also in a financial year aggregate remittances not exceed Rs.2,50,000/-.And also if the remittance is covered under specified list of 39 types of payments, Form 15 CB is not required.