Remittances to Non Residents – Section 195
Vide file No.142/19/20007-IPL Ministry of Finance has issued revised procedures for furnishing information regarding remittances being made to non residents.
This revised procedure comes into effect from 1.7.2009, which states as follows :
Form 15CB – the remitter of funds should get a certificate from an auditor in Form 15CB
Form 15CA – is to be filled in and transmitted electronically in website http://www.tin-nsdl.com/
Form 15CA should contain details as contained in Form 15CB
As soon as form 15CA is transmitted, this form 15CA should be printed, this print out will contain an automatically generated acknowledgement number.
Form 15CA should be signed by the authorized signatory and should be submitted in duplicate along with form 15CB to RBI through authorized dealer (bank)
RBI / Authorised dealer will forward one copy to the income tax Assessing Officer
Instructions for filling up form 15CA & form 15CB are available in website http://www.incometaxindia.gov.in/
Format of Form 15CA & Form 15CB are available in website http://www.tin-nsdl.com/
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