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FORM 15 CA REQUIRED OR NOT

This query is : Resolved 
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(Querist)
24 July 2023 An individual making payment in USD for software subscription, amount is directly debited from his credit card on monthly basis. Is he required to file form 15CA or not plz suggest.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
20 August 2023 The remittance is made by an individual and it does not require prior approval of Reserve Bank of India [as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000]
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