ABCAUS - Excel for Chartered Accountants
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ABCAUS Excel for Chartered Accountants

Excel for
Chartered Accountants

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As per sub section (1) of section 195 of Income Tax Act, 1961 any person responsible for paying to a non resident, not being a company or to a foreign company any interest or any other sum chargeable under the Act shall deduct tax at source. Further, as per sub section (6) of section 195 of Income Tax Act, 1961 read with rule 37BB of the income tax rules, 1962 such person shall also file prescribed information in form 15CA.

Provisions applicable till 31-03-2016
CBDT vide its notification no. 67/2013 dated 2nd September, 2013 had revised the rule 37BB and form 15CA and Form 15CB. The revised rules and forms shall be effective from 1st October, 2013. As per revised rules, form 15CA has been divided into three sections and the person responsible for payment shall furnish information as under:

(i) If the remittance  is chargeable to tax and does not exceed  Rs. 50000/- and the aggregate of such remittances in financial  year does not exceed Rs. 250000/-

information in  Part-A

(ii) If the remittance is chargeable to tax and exceeds Rs. 50000/- and the aggregate of such remittances in financial year exceeds Rs. 250000/- 

information in  Part-B

For cases falling under clause (ii) above the person is also required to obtain a certificate as under:
(a)   a certificate in form 15CB from a Chartered Accountant; or
(b)   a certificate from Assessing Officer under section 197; or
(c)   an order from the Assessing Officer under sub-section (2) of section 195 for determining the appropriate proportion for tax deduction or sub-section (3) of section 195 for no deduction.

Provisions applicable with effect from 01-04-2016
CBDT vide its notification no. 93/2015 dated 16-12-2015 has revised the rule 37BB and form 15CA and Form 15CB. The revised rules and forms shall be effective from 1st April, 2016. As per revised rules, form 15CA has been divided into three sections and the person responsible for payment shall furnish information as under:

(i) If the payment/ aggregate payments made during the financial year does not exceed five lakh rupees

information in  Part-A (CA Certificate is not required)

(ii) For payments other than those covered in (i) above

(a) After obtaining certificate u/s 197/order u/s 195(3)(2) from Assessing Officer; and

(b) After obtaining CA certificate in Form 15CB

 

information in  Part-B

and

information in  Part-C

The form 15CA is required to be filed electronically to the website designated by the of the income tax department and thereafter the signed printout of form 15CA shall be submitted to the authorized dealer, prior to remittance of the payment.

Steps for filing of Form 15CA:   
Form 15CA can be filed at income tax efiling website after login, in menu efile -> Prepare and submit online form (other than ITR). The link for downloading Form 15CA Utility is as under :

https://incometaxindiaefiling.gov.in/eFiling/Portal/DownloadUtil/FORM_UTILITY/FORM15CA.zip

After filling up the information, click “submit”. On submission of details if system shows any errors, rectify and re-submit the form. A confirmation screen with all the data filled by the user will be displayed. The same can be either confirmed or edited. On confirmation, a filled up Form 15CA with an acknowledgement number will be displayed.

Print out of the Form should be taken, signed and submitted prior to remitting the payment. Form 15CA can be re-printed by selecting the re-print option. For re-printing, please enter "acknowledgement no.", "PAN" and/or "TAN" mentioned in the Form.

Please note that Form 15CB or other certificates are not required to be online filed but they are required to be obtained and their details are required to be filled in the part-B of the revised form 15CA.

RBI vide Notification dated 30-06-2014 has also clarified that with respect to tax matters on remittances to non-residents, CBDT Notification shall apply.

Download Excel Form 15CB  (applicable till 31-03-2016) Click Here >>
Download Excel Form 15CB  (applicable wef 01-04-2016)
Click Here >>

Excel Income Tax Form 15CB under Rule 37BB. Old Form Applicable till 31-03-2016 and Revised Form applicable from 01-04-2016 | 20-12-2015|

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