When a resident of India makes a remittance to a non-resident, the information regarding the same must be provided to the Income Tax department as per the Income Tax Act, 196. The purpose behind the formulation of such laws is that taxes are collected timely.
Form filing 15CA is done to provide a declaration by the remitter that any such remittances are made to the non-resident.
Form filing 15CB is not a declaration form instead it is a certificate issued by Chartered Accountant ensuring that taxes are properly paid complying with the Income Tax Act. The following information is included in Form 15CB-
a. Details of the remittance
b. Nature of payment made to the remittee.
c. Compliance of the payment with Section 195 of the Income Tax Act, 1961.
d. Applicability of the Double Taxation Avoidance Agreement (DTAA).
e. Tax Deducted at Source (TDS) rate to be deducted.
In this article we will discuss the steps to be followed while filing Form 15CA and 15CB.
Guidelines for filing Form 15CA:
The Form 15CA can be filed on the official website of the tax department i.e. income tax e-filing portal. The taxpayer can file it online and submit it electronically to concerned authorities hassle-free. The following steps are to be followed while form filing 15CA:
1. The taxpayer is required visit the e-filling portal of the taxation department. Using valid credentials they are required to login on the portal.
2. From the menu on top of the page, select E-file option and then click on the Income Tax forms.
3. The PAN details of the taxpayer are pre-filled. From the Form Name drop-down menu list, choose Form 15CA.
4. From the select relevant part from the down menu, select the required section.
5. After filling up the selected part in the form filing 15CA, click the submit button.
6. In the verification section of part of Form 15CA, fill in the required details.
7. It is to be noted that while filing PART-C of Form 15CA, the taxpayer is required to upload Form 15CB in advance as this section requires acknowledgement number provided in Form 15CB.
8. A notification stating successful submission will pop up on the screen once the form is filed successfully.
9. A confirmation notice is sent on the registered email id of the taxpayer.
Guidelines for filing Form 15CB:
The taxpayer while form filing 15CB is required to add a Chartered Accountant to their e-filing account. The following steps are to be undertaken to add the CA-
1. Login to the e-filing portal, select My Account, click Add CA.
2. Enter the CA’s membership number.
3. Select Form Name as 15CB and then click submit button.
Once the CA is added in the taxpayer’s account the rest of the form can be filed by them on behalf of the taxpayer. The following procedure is to be followed to file form 15CB:
1. In the e-filing portal the user must be registered as an authorized Chartered Accountant. If they are not registered already, they can click on the Register Yourself link on the portal’s homepage.
2. Under the Tax Professional tab select Chartered Accountant and then click Continue.
3. Enter the details and complete the registration process.
Process of Form Filing 15CB:
1. From the Downloads page, Download the Form 15CB and then prepare an XML file.
2. Login to the e-filing portal. Go to e-file option. Upload the form here. Enter the PAN/TAN of the taxpayer, PAN of the CA.
3. Select the Form name as 15CB and then select the filing type as original.
4. Upload the XML file generated from the download utility.
5. Using the Digital Signature Certificate (DSC) Management utility for XML file, upload the signature.
6. Your Form 15CB is successfully filed.
Consequences of not filing Form 15CA and 15CB:
In case the taxpayer or the remitter fails to furnish the details of the remittance made to non-resident in Form 15CA and 15CB, in that case they are liable to pay a penalty or fine as per Section 271I of the Act. The penalty can be as much as up to Rs. 1 Lakh for non-compliance.
Revising or cancelling Form 15CA and 15CB:
The remitter can withdraw Form 15CA within 7 days from the date of its submission on the concerned website.
Keyword: Form 15CA and 15CB, Form Filing 15CA, Form Filing 15CB
Quickbooks 1099 form is generally created for self-employed entities who gather it from the organizations and managers that have used their administrations.so in regards to how to prepare and different ways to file a form you have to read this post for better understanding in case if there is any issue you can contact QuickBooks payroll support.
So, you have decided to use cannabis for your condition, and looking to get a recommendation letter from a medical marijuana doctor in Los Angeles, CA.
- What are the qualifying conditions to access medical cannabis?To connect with medical marijuana doctors in los angeles follow the link provided.Read along to get answers to these questions.Seeing a marijuana doctor online in Los Angeles - complete processSeeing a 420 doctor online in Los Angeles, CA is quite different than seeing a physician.
Your doctor will comprehensively study your condition and medical history before granting you permission to purchase the herb at a local dispensary.
and submit it online.Chat with the doctor: After you submitted your online form, one of the 420 doctors in Los Angeles, California will review it, and connect to you over a HIPAA-compliant platform.
After your doctor found you eligible to access medical marijuana for your condition, he will provide you MMJ recommendation letter.
You can show this letter to buy medical cannabis from a licensed dispensary near you.Medical marijuana recommendation & cardWith a recommendation from a certified medical marijuana doctor in Los Angeles, CA, you can purchase cannabis from any of the licensed dispensaries.
