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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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2012
Form 15CB
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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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Khilolani
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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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