93/2015 dated 16-12-2015 has revised the rule 37BB and form 15CA and Form 15CB.

Provisions applicable with effect from 01-04-2016ĬBDT vide its notification no. (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. (b) a certificate from Assessing Officer under section 197 or (a) a certificate in form 15CB from a Chartered Accountant or 250000/-įor cases falling under clause (ii) above the person is also required to obtain a certificate as under: 50000/- and the aggregate of such remittances in financial year exceeds Rs. (ii) If the remittance is chargeable to tax and exceeds Rs. 50000/- and the aggregate of such remittances in financial year does not exceed Rs. (i) If the remittance is chargeable to tax and does not exceed Rs.

As per revised rules, form 15CA has been divided into three sections and the person responsible for payment shall furnish information as under: The revised rules and forms shall be effective from 1st October, 2013. 67/2013 dated 2nd September, 2013 had revised the rule 37BB and form 15CA and Form 15CB.

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.ĬBDT vide its notification no. 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.

Form 15ca and 15cb download