presentation on 15ca-15b

7/27/2019 Presentation on 15CA-15B

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CADayavantiKhilolani 28thJanuary2012 2


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Introduction to Section Why DTAA and What is DTAA?

Chargeabili ty of Sum and TDS

rate determination

Principles and Purpose of DTAA

Section 90(2) of the IT Act Nature and Types of DTAA

Section 206AA of IT Act How do treaties remove Double taxation

Issuance of Form 15CA / 15CB

process

Structure of a typical DTAA and major Models

Conventions used in world Revised guidelines of NSDL

(major differences)

Applicability of DTAA

Problems faced while uploading

Form 15CA

Interpretation techniques of DTAA

How to determine which DTAA is applicable

and how to apply that DTAA

Some important concepts used in DTAA

Some important points to remember


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1 Payer Payer

2

Receiver

Receiver

3 ResidentialStatusofReceiverunderITAct ResidentialStatusofReceiverunderDTAAand

presenceinIndia

4 NatureofTransaction NatureofIncome/Transaction

5 Chargeabilitytotax(Sec5&9) Applicabilityofspecific/generalarticles

6

ChapterVIA/other

exemptions

Rate

of

Tax

(as

specified

Article)

7 RateofTax(Section115A/PartIIIofScheduleI) WhetherthetaxpayerhasaPEinIndia,ifno

thentakeaNoPEcertificate

8 DeductionsavailablefromIncome ApplicabilityofMFNclause,ifany

9 TaxLiability TaxliabilityunderDTAA


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CADayavanti

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28th

January

2012

Form 15CB


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CADayavanti

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1

Collectdetails

of

remittance

to

be

made

to

the

non

resident

2 Supportingtotheremittance,NoPEandresidencycertificateoftherecipient.

3 DeterminethetaxabilityundertheITAct

4 Iftaxable,determinetherateoftaxapplicable

5Informtheclienttodeductappropriatetaxandsubmittheevidenceofpayment

6 Prepareform15CB,allotaUINandgetitsignedfromaCA

7UploadtherequiredinformationonthewebsiteofTaxInformationNetwork

www.tinnsdl.comforgeneratingForm15CA

8 PrintForm15CAandgetitsignedfromtheauthorizedsignatoryoftheremitter

9Submitthedulysigned15CAalongwithanoriginalcopyofForm15CBtothe

bankforremittance


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2012

PANcompulsorilyto

besubmitted

Complete

address

AllValuestobeas

per15CBNameoftheCA

Submittheformafter

duecompletion

TANmandatoryin

casewhereTDSis

deductedor

to

be

deducted/orderu/s

195(2)isobtained

PANallotted

by

ITDepartment

TDSamounttobe

lessthan

amount

of

remittance

Atleasttwo

addressfields

shouldbe

mentioned

Ifanyerrorisshownby

thesystem

while

its

validation,rectifyandre

submit.

Atleasttwoaddress

fieldsaretobe

mentioned

Statusofthe

recipient

Netremittance

amounttobeless

than

amount

of

remittance

Dateofcertificate

tobeafuture

date

Verifytheform

generatedonscreenand

confirmits

final

printing

Areacode,AO,Range

Code&AOnumber

generated

automatically

after

validatingPAN/TAN.

Principalplaceof

business

Typeofbanktobe

selectedIndian/

Foreign.

Membershipno.

tobeanumeric

no.

Afterconfirmation,the

systemgivesthefinal

formalongwithan

acknowledgement

number

which

is

to

be

preservedforfuture

purposes

Contactdetailsofthe

remitter

BSRcodecompulsory

forIndianBank

Certificateno.is

analphanumeric

no.

Theformcanbeprinted

forsignatures.


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ForForeignBanklocatedin

IndiaBSRCode

compulsory

Iforderu/s

195(2)/(3)/197is

obtained,then

detailsof

accountantare

notrequired

Theacknowledgement

numberistheonly

identityoftheForm15CA

whichhelps

us

to

re

generateitincase

required.

ForForeignBanklocated

outsideIndia,BranchCode

iscompulsory

ProposedDateofremittanceshouldbea

currentorfuturedate

RateofTDSandtaxamount

shouldbeuptotwo

decimals

Foronetypeofincomeone

formistobegenerated


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