Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New Rule 37BB Requires Form 15CA/15CB for Payments to Non-Residents Under Section 195 of Income-Tax Act</h1> The Income-tax (Seventh Amendment) Rules, 2009, effective from July 1, 2009, introduce Rule 37BB, requiring the furnishing of information under sub-section (6) of Section 195 of the Income-tax Act, 1961. This mandates that individuals responsible for payments to non-residents or foreign companies must provide information via Form 15CA, supported by a certificate from an accountant in Form 15CB. The information must be submitted electronically and verified before remittance. The Director-General of Income-tax (Systems) is tasked with ensuring secure data handling and administration of these processes.