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Do I need to submit Form 15CA?

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Sayantan

Engineer

26 Points Posted on 19 June 2022

Hello, I stay as a tenant and my landlord is a Non-Resident Indian. Every month since the start of the current fiscal year, I have been transferring the rent from my savings account to his NRO account. The yearly rental amount will not exceed INR 5 lakhs. Kindly advise if I need to submit Form 15 CA in this case. If yes, then what should be the RBI code and the sub-code.

Thank you.

Replies (4)

Quick Summary

This discussion explores whether a tenant needs to submit Form 15CA when transferring rent to a Non-Resident Indian (NRI) landlord's NRO account in India. While some advice suggests it's not required for Rupee payments within India, others indicate Form 15CA Part A might be necessary, especially if the annual rent exceeds a certain threshold, though specific RBI codes for rent payments remain a point of clarification.

sabyasachi mukherjee

Profession

19978 Points Posted on 19 June 2022

In case of nri if it exceeds rs.5 lacs , then it's OK.. a declaration is necessary otherwise not.

Aanchal Aggarwal

66 Points Posted on 20 June 2022

Form 15ca is needed for payment to nri even if below 5lakhs. part a needs to be filled and form can be filed online.

Sayantan

Engineer

26 Points Posted on 20 June 2022

Thank you for responding to one part of my query. Kindly let me know what should be the RBI purpose code that I need to select when filling Part A of Form 15CA for transfer of rent to NRO account. Your response will be very helpful for me. Thank you.