Form 15ca and form 15cb

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Sir

 

If a NRI was sold his property in India and filed his return of income and paid the tax on capital gains. Whether form 15 ca or cb is required in his case if want to repatriate the money i.e.long term capital gains to USA.

 

Thanking you sir.

 

 

 

Replies (4)

Yes, The CA certificate in Form 15CB is to be submitted electronically.

Thank you sir for your reply

Which section manadates

As per section 195(6) The person responsible for paying to a non-resident (there must be two persons)

As per Central Board of Direct Taxes (CBDT) Notification no. 93/2015 dated December 16, 2015

Form 15CA and 15CB will NOT be required for

  1. Any payments included in the specified list. The nature of payment in specified list has been expanded from 28 to 33 including payments for imports, family maintenance and savings.
  2. Any payment by an individual for remittance which do not requiring RBI approval under its Liberalized Remittance Scheme (LRS).

Also refer:    nareshco.com/blog

Thank you sir

 


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