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Is form 15ca /15cb required for refund due to cancellation of export order

TDS 2463 views 10 replies

Is form 15CA and form 15CB required for refund of money on account of cancellation of export order. ?

My client has received advance payment for export and due to some reason now the buyer has cancelled the order. So now refund of that advance payment is required to be done...Bank is asking for 15CA and 15CB. Thought no tax is applicable on this remittance...

Kindly provide your feedback on this issue.

Thank You

 

 

Replies (10)
Yes, ur required file 15CA under RBI purpose code select the suitable purpose code.

dont think it is required as covered under Rule 37BB

15CA is required, since it is covered under 37BB TDS is not required to be deducted

Dear Nitish,

 

If the transactions are covered under Rule 37BB, then neither of 15CA nor 15CB are required.

Nikhil ji ... what will be the code for it ? S1501?

 

 

yes. that will be the code ...S1501

Also Free Download Excel Format bulk XML Generator Income Tax Form 15CA & 15CB with all Parts A,  B, C, D and CB.
Visit - https://xltool.in/15ca-15cb/

Good.
Also you can try Excel Bulk XML Generator for 15ca & Cb Form.
Visit - https://xltool.in/15ca-15cb/

Yes, Form 15CB is required if the total remittance exceeds ₹5 lakh in a financial year and TDS is applicable. A single Form 15CB can be issued for multiple invoices to the same party, provided the nature of the payment is the same. However, it's best to confirm with your CA or bank, as some may prefer separate forms for each remittance.

Also, you can use this Excel-based utility to generate bulk XML files for Form 15CA and 15CB. It helps save time and ensures accuracy in filing.

  • Supports multiple invoices per party

  • Covers all parts: A, B, C, D and CB

  • Generates ready-to-upload XML files for the Income Tax Portal

Download here: https://xltool.in/15ca-15cb/


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