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New Rule 37BB along with new forms for furnishing of
information under Section 195(6) of the Act have been prescribed —Notification
no. 30/2009, dated 25 March 2009.
The CBDT has issued Income-tax (Seventh Amendment) Rules,
2009 effective 1 July 2009, wherein the method of issuing a CA certificate for
the purpose of non-resident remittances has been changed. As per the modified
procedure, new forms have been introduced viz.,
G Form 15CB to be issued by a Chartered Accountant in
which detailed explanations are required for arriving at the rate of
withholding taxG Form 15CA is required to be filled in by the payer and
submit electronically on the Income- tax websiteG Thereafter a printout of such electronically submitted
Form 15CA needs to be signed and submitted by the payer prior to remitting
the payment.
