Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Friday, April 1, 2016

Procedure for submission of Form 15CA Online w.e.f. 01.04.2016


There is change in the Procedure and Form 15CA with notification issued in Dec,2015 by the CBDT now New Procedures is given hereunder for submitting FORM 15 CA from 01.04.2016

Step 1:- Generate Signatures with the  DSC Management Utility provided by the Income Tax Department and USB token / pfx file for each Form for submitting FORM 15CA.
Step 2:- Login with USER ID /Password and date of  Birth/ incorporation on Incometaxindiaefiling.gov.in  and navigate to the menu “e-File" → “Prepare and Submit Online Form (Other than ITR)”  Upload signature file and                → Select “Form 15CA”.
Step 3:- Click on “Form 15CA” tab and Select the appropriate part (“PART-A”, "PART-B", PART-C" or         “PART-D”) based on the remittances as applicable.

 PART A:- Where the remittance is chargeable to tax and the remittance or the aggregate of such remittances does not exceed five lakh rupees during the financial year.

PART B:- Where the remittance is chargeable to tax and the aggregate of such remittances does not exceed five lakh rupees during the financial year and an order or certificate u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer.

PART C:-Where remittance is chargeable to tax and the remittance or the aggregate of such remittances exceeds five lakh rupees during the financial year and a certificate in Form No. 15CB from an accountant as defined in the Explanation below sub-section (2) of section 288 has been obtained.

PART D:-Where the remittance is not chargeable to tax under the provisions of the Income-tax Act,1961 {other than payments referred to in rule 37BB(3)} by the person referred to in rule 37BB(2).
Step 4:- Fill in the details and click the “Submit” button. Errors, if any, will be shown on the right panel of               the Form.
Step 5:- On successful validation, Click on Submit.
On successful submission it will be sent to the  E Mail Id on record and receipt can be generated from →My Account  → View Form 15CA → Select the Acknowledgement No. and print
Now there is an option for withdrawal of such form before payment
Note : As the Form is to be filed online we have drafted Form 15CA – Part D for the convenience to be filled before starting online filing to cut paste the details  and  for a few Multiple Choice option window will open for selection. PDF and Excel will be uploaded soon.


Form 15CA Part -D

Remitter
Name of remitter
PAN
TAN
ADDRESS OF THE REMIITER
flat/Door/Block No.
Name of Premises/Buildimg/Village
Road/Street
Area/Locality
Town/City/District
State
Country
Pin Code
Email ID
Phone Number
Status of the Remitter
Residential status of remitter
REMITTEE
Name of recipient of remittance
PAN(If any)
ADDRESS
flat/Door/Block No.
Name of Premises/Building/Village
Road/Street
Area/Locality
Town/City/District
State
Country
ZIP Code
Email ID
Phone Number
Country to Which remittance is made
Country
Currency
Country of which the recipient of remittance is resident, if available

REMITTANCE
Amount Payable
In foreign currency
In India Rs
Name of Bank
Name of branch of the bank
BSR code of the branch(7 digit)
Proposed date of remittance
nature of remittance
Please furnish the relevant purpose code as per RBI

10 comments:

  1. Is DSC mandatory for an individual to file form 15CA?
    and will it make any difference if he is a non-resident?

    ReplyDelete
  2. **Assessee with fourth character as ‘C’ in the PAN should mandatorily upload Form 15CA with DSC.
    **Assessee having already registered with DSC in the e-Filing portal should mandatorily upload Form
    15CA with DSC.

    ReplyDelete
  3. WE NEED TO MENTION BSR CODE OF THE BANK
    OF WHICH BANK DO WE HAVE TO MENTION BSR?
    THE BANK, FROM WHICH WE ARE PAYING IN INR FOR THE REMITTANCE OR THE INTER-MEDIATORY BANK WHICH PROVIDES US SWIFT COPY?

    ReplyDelete
  4. BSR code of the Bank from where we are making Tax Payment or payment of funds

    ReplyDelete
  5. This comment has been removed by the author.

    ReplyDelete
  6. This comment has been removed by the author.

    ReplyDelete
  7. It asks for amount in foreign currency as well as Indian currency. How do I know what conversion rate I'll get on the day of remittance. Also, if I am just moving from my own NRO account to my own NRE account, which part of form 15CA should I fill up?

    ReplyDelete
  8. I require your help/guidance.
    My daughter is in USA & US citizen. On her behalf Form 15CA was submitted on line for transfer of Rs.2.10 lakhs from her NRO account to NRE & acknowledgement was received.
    It was mentioned in the Form 15CA "Date of Remittance" as 26.03.2018. Due to postal delay the signed copy of Form 15CA has not been received. I want to know 'Will the Form 15CA be valid even after 26.03.2018?'.If not valid what is the remedy? Kindly advice.

    Subramanian.V

    ReplyDelete
  9. I require your help/guidance.
    My daughter is in USA & US citizen. On her behalf Form 15CA was submitted on line for transfer of Rs.2.10 lakhs from her NRO account to NRE & acknowledgement was received.
    It was mentioned in the Form 15CA "Date of Remittance" as 26.03.2018. Due to postal delay the signed copy of Form 15CA has not been received. I want to know 'Will the Form 15CA be valid even after 26.03.2018?'.If not valid what is the remedy? Kindly advice.
    Subramanian.V
    vasusubram@gmail.com

    ReplyDelete
  10. The principal compose is an online change and as the name proposes, it gives you a chance to do record transformation online. altopdf

    ReplyDelete