Payment made to NRI in Rupee Terms whether form 15CB and 15CA applicable?
This query is : Resolved
08 April 2021
Dear Sir,
An Indian resident (buyer of immovable property) paid to an NRI (Seller of immovable property) after deduction of TDS u/s 195 of I.T. Act, 1961 an amount in rupees term i.e. he deposited the cheque in NRI's account in India.
Whether in this case requirement of Form 15CB and 15CA are applicable?
Please guide.
An Indian resident (buyer of immovable property) paid to an NRI (Seller of immovable property) after deduction of TDS u/s 195 of I.T. Act, 1961 an amount in rupees term i.e. he deposited the cheque in NRI's account in India.
Whether in this case requirement of Form 15CB and 15CA are applicable?
Please guide.
08 April 2021
In such a case 15CA and 15CB not required.
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