Filing of Form 15CA
Services Covered:
Understanding the Forex Transaction: Comprehensive understanding of the forex transaction.
Filing of Form 15CA: Filing on the Government website.
Expert Assistance: Assistance to get Form 15CB certificate.
Who Should Buy:
Any person making a remittance (a payment) to a Non Resident or a Foreign Company, including Banks.
For remittances up to Rs. 1 Lac only.
How it’s Done:
Purchase the Plan: Choose our comprehensive package.
Submit Documents: Submission of required documents.
Filing of Form 15CA: We handle the filing process.
Documents to be Submitted:
The documents needed will depend on the service required. Our experts will communicate these based on your requirements.
FAQs:
Do individuals have to furnish Form 15CA and 15CB?
Form 15CA and 15CB will not be required to be furnished by an individual for remittance which does not require RBI approval.
Where is Form 15CA and 15CB not needed?
Under rule 37BB, the following items do not need Form 15CA and 15CB:
- Indian investment abroad in equity capital (shares)
- Indian investment abroad in debt securities
- Indian investment abroad in branches and wholly-owned subsidiaries
- Indian investment abroad in subsidiaries and associates
- Indian investment abroad in real estate
- Loans extended to Non-Residents
- Advance payment against imports
- Payment towards imports for settlement of invoice
- Imports by diplomatic missions
- Intermediary trade
- Imports below Rs.5,00,000 (For use by ECD offices)
- Payment for operating expenses of Indian shipping companies operating abroad
- Operating expenses of Indian Airlines companies operating abroad
- Booking of passages abroad for Airlines companies
- Remittance towards business travel
- Travel under basic travel quota (BTQ)
- Travel for pilgrimage
- Travel for medical treatment
- Travel for education (including fees, hostel expenses, etc.)
- Postal Services
- Construction of projects abroad by Indian companies, including import of goods at the project site
- Freight insurance relating to the import and export of goods
- Payments for the maintenance of offices abroad
- Maintenance of Indian embassies abroad
- Remittances by foreign embassies in India
- Remittance by non-residents towards family maintenance and savings
- Remittance towards personal gifts and donations
- Remittance towards donations to religious and charitable institutions abroad
- Remittance towards grants and donations to other Governments and charitable institutions established by the Governments
- Contributions or donations by the Government to international institutions
- Remittance towards payment or refund of taxes
- Refunds or rebates or reduction in invoice value on account of exports
- Payments by residents for international bidding