Master in Accounts & high court Advocate
9615 Points
Posted on 09 December 2024
1. _Nature of remittance_: In Form 15CB, select "Other (not in the nature of income)" as the nature of remittance. This is because the transaction relates to PY 2018-19, and the ITR for that year has already been filed.
2. _Transaction details_: You are not required to mention the transaction details of LTCG in Form 15CB.
3. _TDS deduction details_: You are not required to mention TDS deduction details in Form 15CB. Remittance of Interest on NRO Deposits For the remittance of interest received on NRO deposits to an NRE account:
1. _Multiple 15CBs_: Yes, in this case, multiple 15CBs may be required to be filed, as the bank statement shows TDS deduction entries for each quarter.
2. _TDS deduction date_: In Form 15CB, you can mention the date of the last TDS deduction entry for the quarter.
However, it's recommended to consult with a tax professional to ensure compliance with the regulations.
Additional Tips 1., _Consult a tax professional_: It's recommended to consult with a tax professional to ensure compliance with the regulations and to address any specific questions or concerns. 2. _Verify the regulations_: Verify the regulations and guidelines issued by the Reserve Bank of India (RBI) and the Central Board of Direct Taxes (CBDT) to ensure compliance.