banner_ad

Applicability of Form 15CB

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 October 2010 Dear Expert,
My client's son is studying in USA and client now want to remit educational fees to the University based in USA. My question is "Whether Form CB certificate is required to be given for remittance of educational fees to an University based in USA. Total remittance of fees is Rs.500231/- (USD 10934)? Pls advise.
Profile Image

CA.Pankaj Shah

Profile Image

CA.Pankaj Shah (Expert)
04 October 2010 Form 15 CB is required for any foreign remittance. Form 15CB is prescribed under Section 195(6) of the Income tax Act as any Foreign remittance should have tax clearance in FEMA. All Authorised dealers / Banks have to ensure for it. This would be simple as no tax is required to be deducted on the subject remittance in terms of Article 12 of India USA DTAA which specifically excludes Education from Fees for included services.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details