Form 15CA

  • Jul
  • 27

Check List for Making Form 15CA and 15CB by Professionals

Nowadays Form 15CA and 15CB are of a lot importance. We professional atleast have to issue one Form 15CB every day and form 15CA is also to be made by the professional on behalf of the client.

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  • Jun
  • 22

Exclude Import related payment from Form Form 15CA & Form 15CB Requirements – ICAI

Issues arising from Notification No 67/2013, dt 2-9-2013 amending Rule 37BB of IT Rules, 1962 wrt Foreign Outward Remittances- Form 15CA & Form 15CB Ministry of Finance has recently amended Income tax Rules vide Notification No 67/2013, dt 2-9-2013 with regard to Foreign Outward Remittances and Form 15CA &15CB. This notification is in supersession of an […]

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  • Jun
  • 01

Requirement of Form 15CA and Form 15CB when remittance is not taxable

Form 15CA is a Declaration of Remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This is starting of an effective Information Processing System which may be utilized by the Income tax Department to independently track the foreign remittances and their nature to determine tax liability.

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  • Feb
  • 21

How to Submit Form 15CA Online / Offline (Single/Bulk Upload)

CA Sandeep Kanoi Income Tax Department has mandated form 15CA to be submitted for Remittance outside India. Form 15CA can be submitted in any of the following mode :- 1. Submission of Form 15CA Online (Single Upload) – In this Mode remitter can submit the form Online by logging into https://incometaxindiaefiling.gov.in/ .  In this mode […]

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  • Feb
  • 21

IT Dept. Releases updated utility of Form 15CA

CA Sandeep Kanoi Tax deductor and collector holding valid TAN can register  and use the TAN based credentials to file Form 15CA but to fill form 15CA if no tax is been deducted it is still not mandatory for remitter to have TAN. Link To Register on Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/e-Filing/Registration/RegistrationHome.html

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  • Feb
  • 03

Form 15CA only through ITD website from 12.02.2014

With effect from February 12, 2014, functionality of furnishing the foreign remittance details in Form 15CA will be available on the e-filing portal of Income Tax Department . Contact e-filing portal  1800 4250 0025 for more details. Source- https://www.tin-nsdl.com/

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  • Dec
  • 31

Facility to bulk upload Form 15CA is now available as offline utility

CBDT has finally recognised the difficulty faced by the importers of services in filing online 15CA and introduced  The Facility to bulk upload Form 15CA is now available as offline utility. The Remitter may use either online or offline utility to upload Form 15CA. Link Form 15CA Information to be furnished for payments, chargeable to […]

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  • Nov
  • 22

Whether TRC is required in case of import of Machines?

In case if the profits on import of machine arise in India and chargeable to tax in India then as per Section 195 tax is required to be deducted at source in India.

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  • Oct
  • 24

Applicability of Form 15CB for payment towards Import Purchases?

Normally Banks did not demand any CA certificate for making remittances for Import Purchases of goods, however with the recent change in Income tax Rules with regard to Remittances Banks started insisting on CA Certificate.

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