we are making 80% (of total contract amount)payment to foreighn consultant after deducting TDS u/s 195 and duly obtaining form 15CB & filling form 15CA
For rest of 20% we are creating liability in our books of accounts on 31st march 2010. which will be paid only in may 10 or june 10. for this 20% we also have to deduct tax according to rule (due or paid whichever is earlier)
my question is that whether we have to obtain CA certificate in form 15CB for this remaining TDS (on remaining 20% unpaid) also.
CAclubindia
