Withholding Tax (TDS) on Payments to Non-resident

Withholding Tax (TDS) on Payments to Non-resident

This course analyses the relevant withholding tax provisions and procedures which would assist CA's and Industry expert in withholding tax compliance and certification.

1. Section 195 - Payment covered u/s 195  - Interest payments to non-resident

   and Any other Sum Chargeable to tax (Other than salary)

2. Payments to non-resident not covered under section 195

3. Payments to non residents taxable on gross basis

4. Payments to non residents taxable on net basis

5. Person responsible to withhold tax on payments to non-resident

6. Who is liable to withhold tax u/s 195 ?

7. Liability of resident to withhold tax u/s 195 ?

8. Liability of resident to withhold tax u/s 195 - Royalty/ FTS

9. Liability of non-resident to withhold tax u/s 195 - Royalty/ FTS

10. Time of deduction of withholding tax u/s 195

11. Rate of deduction of withholding tax for payment to non-resident

12. Selection of withholding tax rate depends on existence of DTAA

13.Higher Withholding tax rate on non-furnishing of pan by Non-resident - Section 206AA

14. Non-applicability of section 206AA on payments to non-resident – Rule 37BC

15.Non-applicability of section 206AA on interest payment

16.When section 206AA is applicable ?

17. Whether surcharge and Cess would be levied on withholding tax rates ?

18. Determination of WHT – AO Certificate

19. Certificate u/s Section 195(2) applied by payor

20. Certificate of Nil withholding tax u/s SECTION 195(3) applied by NR payee

21. Certificate for deduction of tax at a lower rate - Section 197 applied by NR payee

22. Validity period of certificate for non deduction of WHT – Section 195(4)

23. Format of Lower withholding tax certificate given by AO

24. Reporting of foreign remittance in Form 15CA and Form 15CB – Section 195(6)

25. Refund of TDS u/s 195 to the payer

26. Process of claiming refund of TDS u/s 195

27. FORM 15CB AND FORM 15CA - Relation

28. Who can issue form 15CB ?

29. Documents to be examined by Chartered Accountant for issuing form 15CB

30. Sample copy of form 10F

31. Whether to apply DTAA rate or rate of Income tax act ?

32. Payments to non-resident for which no form 15CA / Form 15CB to be filed

33. Negative list of payment for which no form 15CA / 15CB required

34. When to file Form 15CB ?

35. How to fill form 15CB ?

36. Reporting under Form 15CA

37. Step-by-step procedure to fill form Part C of form 15CA

38. Liability to withhold tax u/s 195 ?

39. Withholding tax rates under Income tax act for payments to non-resident

40. Due date for payment of TDS deducted from payment to non-resident

41. Step-by-step procedure to file form 15CB

42.Step-by-step procedure to Prepare and submit form 15CA online

43. Revision / withdrawal of Form 15CA / 15CB in case of error

How to determine TDS on payments to non-resident and Preparation and filing Form 15CA / 15CB.

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What you will learn

• Provision relating to TDS deductions from Payments to Foreign companies and other Non resident
• How to prepare and file Form 15CA
• How to prepare and file Form 15CB

Rating: 4.0625

Level: All Levels

Duration: 3 hours

Instructor: Arinjay Kumar Jain