Form 15 ca&15 cb
This query is : Resolved
19 November 2013
Whether Form 15 CA & Form 15 Cb required for credit of A loan by a bank to NRO SB a/c and the repatriation of the same to NRE A/c by the assessee.If so whether it need to be filled in Part B.Then what is the purpose of including the S0011 (Loans extended to non residents) in the specified list w.e.f Oct 2013.Rule 37 BB exempts the specified list cases from filing 15 Ca.Please Clear my Doubt Friends
22 November 2013
This is among few odd set of form 15ca/cb compliance cases. However being a non income item I strongly believe that form 15ca/cb is not necessary, though the law is otherwise as follows:
a. S0011 is for loans made by a R to NR, 2 different persons.
As the remmiter itself is the receiver, we cant claim this.
b. As the payment does not fall under specified list, 15ca/cb is necessary.
c. Assuming payment in excess of 50000rs, Part B is applicable.
Hope useful.
Arihanth Jain
a. S0011 is for loans made by a R to NR, 2 different persons.
As the remmiter itself is the receiver, we cant claim this.
b. As the payment does not fall under specified list, 15ca/cb is necessary.
c. Assuming payment in excess of 50000rs, Part B is applicable.
Hope useful.
Arihanth Jain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
