Form 15ca 15cb

 Rule 37BB has been amended by a notification issued on 16/12/2015 and effective from 01/04/2016 and details are as follows:

Form 15CA for remittance particulars  and Auditors' Certificate in 15CB are not required  to be furnished by an individual for remittance which do not require RBI approval under its LRS.  Further,  the list of payments of specified nature mentioned in Rule 37 BB which do not require submission of Forms 15CA and 15CB has been expanded from 28 to 33 including payments for imports. A CA certificate in Form No. 15CB will be required to be furnished in the format indiated in PART C  only in respect of such payments made to non-residents which are chargeable to tax and the amount of payment during the year exceeds Rs. 5 lakh. For remittances upto 5 lakhs  which are chargeable to tax are required to be furnished in PART A  but no certificate from CA in form 15 CB is necessary in such cases.However,  payments made to non-residents which are not chargeable to tax and also not in the list of 33 specified items are required to be furnished in PART D of form 15CA