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Form 15CACB

This query is : Resolved 
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(Querist)
09 November 2023 Dear Experts,

While filling Form no. 15CA Part A, Part B and Part C, limit of Rs. 5,00,000 needs to be computed, Can you please confirm whether needs to checked from remitter point of view or receivers point of view?
Example, In October 2023 we have remitted above 5,00,000( Converted to INR) to a vendor X and issued 15CACB. Now we have received a invoice from vendor Y amount to USD 1020 may be INR 83,000 which is less than 5lakhs for vendor Y. Do we need to issue 15CB here?

Kindly help me understand the limit purspective.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
15 January 2024 5 Lac limit is a yearly limit from remitters' perspective.
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