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Form 15 CB

Raj Poudel (CA) (54 Points)

12 December 2009

Whether Certificate from CA in form 15 CB needs to be taken only in respect of taxable remittance or every remittance?

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13 Replies

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 12 December 2009

It is to be taken for every remittance made to a non-resident, not being a company, or remitaance made to a foreign company.

Read rule 37BB

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Raj Poudel (CA) (54 Points)
Replied 12 December 2009

In 15CB there is a point for payment toward supply of article or things (e.g. plant,equipments) but in form 15 CA in the field nature of remittance option regarding such payment does not exists and the field is mandatory field.How should I proceed ?

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 12 December 2009

In Form 15CA, write the nature of remittance as per the agreement or the invoice.For eg:- fees fro technical services, reimbursement of expenses,payments towards training expenses of the employees, payment towards purchase of fixed assets etc as the case may be with you.

In form 15CB, if it is supply of articles or things (plant ,equipments), then write yes otherwise write no.

Raj Poudel (CA) (54 Points)
Replied 12 December 2009

It is an e-form and in NSDL site we should select from the given option and we cannot write ourself.

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 12 December 2009

So raj, your remittance must be falling under some head mentioned in the drop down list in FORM 15CA. select that one.

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Raj Poudel (CA) (54 Points)
Replied 12 December 2009

it is for the purchase of machinery and does not fall in any of the head in the drop down list.

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 12 December 2009

Raj,

In form 15CA just below the "Nature of remittance as per agreement/ document " you will find "In case of Other Income please mention nature of remittance".fill this part and try uploading it.

Raj Poudel (CA) (54 Points)
Replied 12 December 2009

this is where the problem lies,i have not been able to activate that field..

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 12 December 2009

Raj,

Sorry.even i was nt able to activate the feild.

Mayank Ahuja ("Learner") (586 Points)
Replied 13 December 2009

Even Raj is Correct..

Even i have also face a similar problem... some nature of remittance is not in the drop list.

I proceed it by selecting other Income option & in Descripttion i write a nature on my own......

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Sunil (Trader) (2611 Points)
Replied 14 December 2009

If you have to write on your own you write trade remittance if it is a payment for imports against form A1. Normally TDS is on FTS and Royalty in case of machines and software even if there is no Branch or DAPE.