requirement of 15CA for Dividend to NRI Shareholders

whether 15 CA is required to be filed in case the dividend paid to NRI shareholders in Indian currency and in their Indian Bank account not foreign bank account? 15CA is required only for the payment made to foreign bank account in foreign currency?

► Read Answer

  PAN omitted to be submitted to Company. Is it possible to set off the TDS at the time of filing my Income tax Return?

A public limited company has deducted tax at source on Dividend @15% for non submission of PAN. I have a PAN but it was omitted to be submitted to the Company. Is it possible to set off the TDS at the time of filing my Income tax Return? Do I Have to include the Dividend amount in my Return.

► Read Answer

  Is form 15CA and CB required for payment of Dividend credited in rupees in the NRE account in India to NRI

Public limited co making payment of Dividend to NRI share holder. This payment is credited to his NRE account in Indian Rupees. Whether in this situation Form 15 CA and CB is required. Does this amounts to remittance to NRI, even though payment is credited in bank account maintained in India.

► Read Answer

  TDS from dividends U/s.206AA

From FY 2020-21, dividends declared by Indian companies have become taxable and the companies are required to deduct tax at source from such payment.  However, in many cases, especially where shares are held in physical form, the shareholders could not furnish the PAN number timely and consequently, the companies have deducted the tax u/s. 206AA of the Income tax Act, 1961. Now the tds so deducted is not appearing in Form 26AS and hence, the shareholder is not able to claim credit of the tds amount.  This is despite subsequently intimating the PAN to the Company and requesting for uploading…

► Read Answer

  Income tax on Dividends received by Non-Residents

From Assessment Year 2021-22, dividends are liable to income tax in the hands of the recipient.  In case of residents the dividend received is taxed at the applicable tax slab rate. But it seems that in case of Non-Residents, the dividends received are to be taxed at the flat rate of 20% u/s.115A.  The correct position may please be confirmed.

► Read Answer

  Whether amount transferred to Indian Bank account of non-resident, for the dividend payment, whether the company can file Form 15CB?

Due to the introduction of TDS on dividend payments, the company has deducted TDS u/s 195 for the dividend payments to non-residents. Should the company also file Form 15CB for those cases? Also, please clarify what is the applicability of Form 15CB if the transfer is made to the Indian bank account of the non-resident?

► Read Answer