Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

Form 15CA

RITESH KOTHARI (B.COM, FCA, DISA(ICAI)) (778 Points)

01 July 2009

GUDELINES FOR FORM-15CA

Reply
Follow
Share

10 Replies

Jyoti Malik (ACCOUNTANT) (2644 Points)
Replied 01 July 2009

Thanks for information

Upgrade to CAclubindia Pro. Subscribe Now!

praveen (Chartered Accountant) (6971 Points)
Replied 01 July 2009

you could put in share files.

Yogesh Shah (Managing Corporate Finance) (1051 Points)
Replied 01 July 2009

Thnx Dude

narendra babu (accountant) (22 Points)
Replied 01 July 2009

Originally posted by :RITESH KOTHARI
"	THIS IS FOR ALL REMITTANCES (I.E. IMPORT BILLS)	"

JAYENDRA BALKRISHNA RANE (GM Accounts) (22 Points)
Replied 02 July 2009

While uploading form 15CA, in the nature of remittance there is no provision to select "IMPORTS". Does this means that this form is not required to be filled in respect of remittance for import of goods ?

Upgrade to CAclubindia Pro. Subscribe Now!

Preeti Jain (Chartered Accountant) (23 Points)
Replied 17 August 2009

For Exempt Income do I need to give Form 15CA??

pankaj mittal (CHARTERED ACCOUNTANT) (77 Points)
Replied 29 August 2009

Whther impoters had to file form 15Ca

Juzer Sadikot (CA - innovative solutions for Imports and Exports) (1309 Points)
Replied 29 August 2009

Originally posted by :Preeti Jain
"	For Exempt Income do I need to give Form 15CA??	"

Dear Preeti Madam,

You need to study following;

1) Section 195 sub-section (1) and sub-section (6)

2) Hyderabad Industries Ltd. v. ITO [1991] 188 ITR 749 (Kar.)

I assume the above information is enough to answer your query.

Thanks and regards

Ajoy (none) (21 Points)
Replied 30 April 2010

The article mentions :

The Reserve Bank of India has also mandated that except in the case of certain
personal remittances which have been specifically exempted, no remittance shall be made to a nonresident
unless a no objection certificate has been obtained from the Income Tax Department.

I wish to make a remittance to my son in US. Is this exempt?

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 30 April 2010

Dear Ajoy

Remittances upto certain amount for personal use is allowable without taking Form 15CA. For the limit you will have to talk with your banker for the same.