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Jeetu Thareja & Associates

TDS On Outward Remittances

We manage TDS compliance on foreign remittances under Section 195 ensuring correct deduction of tax on payments made to non-residents. Our team analyzes the nature of payments such as royalties, technical fees, or services. This helps determine whether the payment is taxable in India. We ensure correct application of tax rates including surcharge and cess. Clients can avoid penalties for short deduction. Our approach improves compliance accuracy. We verify agreements and invoices thoroughly. This reduces risks of errors. Businesses gain clarity in tax obligations. We ensure timely deduction and deposit of TDS. This supports smooth international transactions. Our system ensures proper documentation. It ensures compliance with tax laws.
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PHASE 01
We determine applicability of Double Taxation Avoidance Agreements for foreign remittances to ensure correct tax rates are applied. Our team analyzes treaties based on country of recipient. This helps reduce tax burden legally. Clients can benefit from lower withholding tax rates. We ensure proper documentation such as Tax Residency Certificate and Form 10F. Our approach improves tax efficiency. Businesses gain clarity in cross-border taxation. We verify eligibility conditions carefully. This reduces risks of disputes. Our system ensures proper compliance. It supports optimized remittance planning.
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PHASE 02
We issue Form 15CB certification by Chartered Accountant for foreign remittances as required under Income Tax rules. Our team verifies nature of payment, taxability, and compliance before certification. This helps ensure accurate reporting. Clients can process remittances smoothly through banks. We maintain proper documentation for certification. Our approach improves reliability in filings. Businesses gain confidence in transactions. We coordinate with banks when required. This improves efficiency. It ensures seamless remittance processing.
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PHASE 03
We file Form 15CA online for reporting foreign remittances to the Income Tax Department ensuring full compliance. Our team ensures that correct details are entered in appropriate parts of the form. This helps avoid rejection or delays in remittance. Clients gain clarity in filing requirements. Our approach improves accuracy in reporting. We verify all supporting documents. This reduces risks of errors. Businesses can complete remittances without issues. Our system ensures timely filing. It supports smooth compliance process.
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PHASE 04
We provide advisory on grossing up provisions in contracts where tax is borne by the payer ensuring correct calculation of total remittance cost. Our team analyzes agreements carefully. This helps businesses understand actual financial impact. Clients can plan payments efficiently. Our approach improves cost management. We ensure proper tax computation. This reduces risks of underpayment. Businesses gain clarity in contractual obligations. It supports accurate financial planning for international transactions.
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PHASE 05
We assist in compliance under Liberalised Remittance Scheme and TCS provisions applicable on foreign remittances. Our team guides individuals and businesses on limits and applicable tax rates. This helps ensure compliance with RBI and tax laws. Clients can avoid penalties or restrictions. Our approach improves regulatory understanding. We maintain proper records of remittances. This supports audit readiness. Businesses and individuals can manage global transactions confidently. It ensures smooth and compliant foreign remittance handling.
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