SERVICES WE PROVIDE
1. Issue of forms 15CA and 15CB and Assistance is Repatriation of Funds
As per Rule 37BB, any person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum chargeable to tax under the provisions of the Income-tax Act, 1961, shall furnish such information in Form 15CA and Form 15CB. However, for all foreign remittances, banks have the mandate to provide such information. Therefore, it is prudent to have such documentation in place for all foreign remittances.
Form 15CA prescribes the information furnished by the payer and Form 15CB prescribes the format of the certificate obtained by the Chartered Accountant the payer. Therefore, a person paying Non-Resident or a foreign company has to submit Form 15CA. Form 15CB is a certificate by the Chartered Accountant to the remitter of foreign exchange, specifying whether the transaction of foreign remittance attracts a deduction of TDS and whether the remitter has deducted the TDS accordingly.
2. Income Tax returns for NRI
ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry-forward of loss and claims a refund from the income tax department. Different forms of returns of income are prescribed for filing returns for different statuses and natures of income.
3. Income Tax Notice
4. Tax and TDS on Property Sales