General Manager - Finance
1040 Points
Joined March 2017
This is depends on nature of Transaction (which type of service) & Amount.
- Form 15CA and 15CB will be not be required to be furnished by an individual for remittance, which does not require RBI approval.
- Form No. 15CB will only be required for payments made to non-residents, which are taxable and if the payment exceeds Rs. 5 lakhs.