Form 15CB and 15CA applicability and Procedures
Under Section 195 of Income Tax Act, every person making a foreign payment need to obtain the form 15cb from a Chartered Accountant and same should be submitted to RBI and Income Tax department along with Form 15CA.
Download the latest Form15CB.pdf
Form 15CB is to filled after verifying the agreement between parties. Tax is to be deducted at the rate mentioned in Income Tax Act or Double Taxation Treaty Agreement (DTAA), whichever is beneficiary to the deductee.
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Full explanation and forms are attached in this post, Foreign Payments and procedures