Form 15CA Form 15CA is a declaration form require by the Indian government for certain types of international transactions involving the transfer of money to non-resident individuals or entities. Here’s an explanation of Form 15CA: 1. Purpose: This is used to provide information about the remittance being made to a non-resident or foreign entity. It… Read More »
15CA and 15CB certificate 15CA and 15CB certificate is essentially by a Chartered Accountant (CA) that verifies the tax liability related to the foreign remittance. It acts as an additional safeguard for the Income Tax Department to ensure that all taxes have been appropriately paid before the remittance is sent outside India.… Read More »
15CA definition Form 15CA is a declaration form required by the Indian government for certain remittances made by residents of India to non-residents. It is used to ensure that appropriate taxes deduct and pay to the government before the funds are transferred abroad. 15CA definition When an Indian resident makes a remittance to a… Read More »
TDS Compliance Here are some key features and services offered by the TDS compliance portal in India: 1.TDS Statement Filing: Taxpayers can file their TDS statements, including Form 24Q, 26Q, 27Q, and 27EQ, electronically through the TRACES portal. These statements contain details of tax deducted and deposited by the deductor. 2.TAN Registration:… Read More »
Is money transfer taxable in India Not all payment or transfer of money is taxable within India. The taxability of payment or transfer of money depends on the nature and purpose of the payment. For instance, if an individual receives salary income, then it is taxable under the head ‘salary’ and the employer is required… Read More »
