According to the new dividend taxation regime, dividend is taxable in the hands of the shareholders. Accordingly, the corporates will have to withhold tax while making payment to the resident and non-resident shareholders. In case of non-resident shareholders, the corporates will have to comply with filing of Form 15CA and 15CB as well.

 

With the help of Taxteck’s bulk 15CA-CB generating application ‘RemitIT’, corporates can generate large number 15CA-CB xml files with a click of a button.