I.Tax (7th Amendment) Rules, 2009-Insertion of R 37BB
Notification No. 30/2009 [F. No. 142/19/2007-TPL]/S.O. 857(E)
Dated 25-3-2009
In exercise of the powers conferred by section 295 read with sub-section (6) of
section 195 of the Income-tax Act, 1961,
the Central Board of Direct Taxes hereby makes the following rules further to amend
the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the
Income-tax (Seventh Amendment) Rules, 2009.
(2) They shall come into force with effect from 1st
July, 2009.
2. In the Income-tax Rules, 1962, after
rule 37BA, the following rule shall be inserted, namely:
37BB. (1) The information under sub-section (6) of section 195 shall be furnished
by the person responsible for making the payment to a non-resident, not being a
company, or to a foreign company, after obtaining a certificate from an accountant
as defined in the Explanation to section 288 of the Income-tax Act, 1961.
(2) The information to be furnished under sub-section (6) of section 195 shall be
in Form No. 15CA and shall be verified in the manner indicated therein and the certificate
from an accountant referred to in sub-rule
(1) shall be obtained in Form No. 15CB.
(3) The information in Form No. 15CA shall
be furnished electronically to the website designated by the Income-tax Department
and thereafter signed printout of the said form shall be submitted prior to remitting
the payment.
(4) The Director-General of Income-tax
(Systems) shall specify the procedures, formats and standards for ensuring secure
capture, transmission of data and shall also be responsible for the day-to-day administration
in relation to furnishing the information in the manner specified."
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FORM NO. 15CA
(See rule 37BB)
Information to be furnished under sub-section
(6) of Section 195 of the Income-tax Act, 1961 relating to remittance of
payments to a non-resident or to a foreign company |
Ack. No - |
Part A
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GENERAL |
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INFORMATION : REMITTER |
Name of Remitter (Person responsible
For making payment u/s 195 of IT Act, 1961) |
PAN of Remitter |
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Flat/Door/Block No. |
Name of |
TAN of Remitter |
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Road/Street/Post Office |
Area/Locality |
Status-
Write 1 if company, Write 2 if firm, and write
3 if others
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Town/City/District |
State |
Pin code |
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Principal Place of Business |
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Email Address |
(STD code)-Phone Number |
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( ) |
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Area Code |
AO Type |
Range Code |
AO No |
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INFORMATION : RECIPIENT OF REMITTANCE |
Name of recipient of Remittance |
PAN of recipient of Remittance |
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Complete Address: |
Country to which remittance is made : |
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Status-
Write 1 if company, write 2 if firm, and write
3 if others |
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Principal Place of Business |
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In case of company- If domestic, write
1 and if other than domestic, write 2 |
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Email Address |
(ISD code)-Phone Number |
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( ) |
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INFORMATION : ACCOUNTANT |
(a) |
Name of the Accountant* signing the certificate |
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(b) |
Name of the proprietorship/ firm of the Accountant |
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(c) |
Address |
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(d) |
Registration no. of the Accountant |
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(e) |
Date of Certificate : (DD/MM/YYYY) |
**Certificate No : |
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* Accountant (other than an employee) shall
have the same meaning as defined in the Explanation to Section 288
of Income-tax Act, 1961.
** Please fill the serial number as mentioned
in the certificate of the accountant. |
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For Office Use Only |
For Office Use Only
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Part B |
PARTICULARS OF REMITTANCE AND TDS (as per
certificate of the Accountant) |
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PARTICULARS OF REMITTANCE AND TDS |
1. |
Country to which remittance is made |
Country: |
Currency: |
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2. |
Amount of remittance |
In foreign currency |
In Indian Rs. |
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3. |
Name of the bank |
Branch of the bank |
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4. |
BSR Code of the bank branch (7 digit) |
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5. |
Proposed date of remittance |
(DD/MM/YYYY) |
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6. |
Amount of TDS |
In foreign currency |
In Indian Rs. |
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7. |
Rate of TDS |
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8. |
Actual amount of remittance after TDS |
In foreign currency |
In Indian Rs. |
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9. |
Date of deduction of tax at source |
(DD/MM/YYYY) |
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10. |
Nature of remittance as per agreement/ document |
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11. |
In case the remittance is net of taxes, whether
tax payable has been grossed up? |
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12. |
If the remittance is for royalties, fee for
technical services, interest, dividend, etc., please indicate:- |
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(a) The clause of the relevant DTAA under
which the remittance is covered along with reasons |
Clause of DTAA |
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(b) Rate of TDS required to be deducted
in terms of such clause of the applicable DTAA |
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(c) In case TDS is made at a lower rate
than the rate prescribed under DTAA, reasons thereof |
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13. |
In case remittance is for supply of articles
or things (e.g. plant, machinery, equipment etc.), please indicate, |
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(a) Whether the recipient of remittance
has any permanent establishment (PE) in |
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(b) Whether such remittance is attributable
to or connected with such permanent establishment |
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(c) If the reply to Item no. (b) above
is yes, the amount of income comprised in such remittance which is liable
to tax. |
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(d) If not, the reasons in brief thereof. |
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14. |
In case the remittance is on account of business
income, please indicate:- |
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(a) Whether such income is liable to tax
in |
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(b) If so, the basis of arriving at the
rate of deduction of tax. |
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(c) If not, the reasons thereof. |
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15. |
In case any order u/s 195(2)/ 195(3)/ 197
of Income-tax Act has been obtained from the Assessing Officer, details
thereof: |
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(a) Name and Designation of the Assessing
officer who issued the order/ certificate |
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(b) Date of the order/ certificate |
(DD/MM/YYYY) |
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(c) Specify whether u/s 195(2)/ 195(3)/
197 of I T Act |
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16. |
In case of any other remittance, if tax is
not deducted at source for any reason, details thereof. |
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Place Date Sign here
FORM
NO. 15CB
(See rule 37BB)
Certificate of an accountant*
I/We have examined the agreement (wherever applicable) between Mr./Ms./M/sand Mr./Ms./M/srequiring
the (remitters) (beneficiary) above remittance as well as the relevant documents
and books of account required for ascertaining the nature of remittance and for
determining the rate of deduction of tax at source as per provisions of sub-section
(6) of section 195. We hereby certify the following:
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Name and address of the beneficiary of the
remittance |
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B |
1. |
Country to which remittance is made |
Country: |
Currency: |
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2. |
Amount of remittance |
In foreign currency |
In Indian Rs. |
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3. |
Name of the bank |
Branch of the bank |
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4. |
BSR Code of the bank branch (7 digit) |
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5. |
Proposed date of remittance |
(DD/MM/YYYY) |
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6. |
Amount of TDS |
In foreign currency |
In Indian Rs. |
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7. |
Rate of TDS |
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8. |
Actual amount of remittance after TDS |
In foreign currency |
In Indian Rs. |
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9. |
Date of deduction of tax at source |
(DD/MM/YYYY) |
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10. |
Nature of remittance as per agreement/ document |
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11. |
In case the remittance is net of taxes, whether
tax payable has been grossed up? If so computation thereof may be indicated. |
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12. |
If the remittance is for royalties, fee for
technical services, interest, dividend, etc, please indicate:- |
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(a) The clause of the relevant DTAA under
which the remittance is covered along with reasons |
Clause of DTAA |
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(b) Rate of TDS required to be deducted
in terms of such clause of the applicable DTAA |
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(c) In case TDS is made at a lower rate
than the rate prescribed under DTAA, reasons thereof |
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13. |
In case remittance is for supply of articles
or things (e.g. plant, machinery, equipment etc.), please indicate, |
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(a) Whether the recipient of remittance
has any permanent establishment (PE) in |
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(b) Whether such remittance is attributable
to or connected with such permanent establishment |
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(c) If the reply to Item no. (b) above
is yes, the amount of income comprised in such remittance which is liable
to tax. |
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(d) If not, the reasons in brief thereof. |
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14. |
In case the remittance is on account of business
income, please indicate:- |
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(a) Whether such income is liable to tax
in |
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(b) If so, the basis of arriving at the
rate of deduction of tax. |
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(c) If not, the reasons thereof. |
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15. |
In case any order u/s 195(2)/ 195(3)/ 197
of Income-tax Act has been obtained from the Assessing Officer, details
thereof: |
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(a) Name and Designation of the Assessing
officer who issued the order/ certificate |
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(b) Date of the order/ certificate |
(DD/MM/YYYY) |
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(c) Specify whether u/s 195(2)/ 195(3)/
197 of I T Act |
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16. |
In case of any other remittance, if tax is
not deducted at source for any reason, details thereof. |
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**Certificate No.:
Date : Name:
** Certificate number is an internal reference number to be given by the Accountant
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Published in Income Tax