form 15CA
This query is : Resolved
03 August 2009
If a father makes remittance in foreign currency to his daughter studying abroad, will a form 15CA be required in the case??
chetan soni
(Expert)
03 August 2009
Sec 195 : Form 15CA is applicable to any person making payment to any non resident as any interest or any other sum chargeable under the provisions of this Act (not being income chargeable under the head Salaries) shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon.
As per the above definition & requirement, form 15CA will not be applicable in your case.
As per the above definition & requirement, form 15CA will not be applicable in your case.
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