Confirmation of 15cb and 15cb

The new rules for non submission of Form 15CA comes into effect from 1st April 2016. Only where tax needs to be deducted on overseas remittances require uploading Form 15CA and certificate by a CA in Form 15CB. The latest notification is an indicator that Form 15CA is not required in case of materials purchased, but however some banks insist for Form 15CA.

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