15 CA REQUIRE OR NOT?

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This discussion clarifies the requirement for filing Form 15CA when making foreign remittances, specifically for software implementation services. The consensus is that Part D of Form 15CA needs to be filed for a remittance exceeding the threshold, following RBI's purpose code and income tax act regulations.

praveen Nautiyal

praveen Nautiyal (Querist)
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05 October 2023 Sir,
My Company has develop a website from Australian company, now we have to pay Rs.70000 to Australian Company, As per RBI purpose code for foreign remittance- P0802 Software implementation/consultancy (other than those covered in SOFTEX form).

As Per income tax act, remittance is made by an individual and does not require prior approval of RBI. Remittance is of the nature specified under relevant purposes code as per RBI.

TCS on foreign remittance threshold limit is above 7 lakh.

Please guild us which Form 15CA PART need to fill, Part-A, Part-B, Part-C, Part-D or not require?

Thanks & Regards,