Have you received any scrutiny notice from the Income Tax department? Don’t worry now the government has introduced E–ASSESSMENTS to complete processing of income tax cases. As per Government it will ensure greater transparency and accountability and hence reduction in harassment and other malafide practices by tax authorities in Income Tax Scrutiny Process.
While making any remittances outside India there is a requirement of filling of form 15CA-15CB as per the provisions of income tax act and applicable DTAA (Double Taxation Avoidance Agreements), as the case may be. This article will explain you about form 15CA-15CB applicability.
There is a requirement to deduct TDS on payment to non residents as per the provisions of income tax act and this will create liquidity problems for non residents in case their total income is not chargeable to tax or chargeable at the lower rates. For this the provisions of section 197/195 for lower rate of TDS are there. In this article we are going to discuss all the TDS provisions applicable to Non residents.
