Requirement of 15ca 15cb remittance of gift

This query is : Resolved

SUNIL KUMAR VARSHNEY (Querist)
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29 June 2015 Hello Friends

One of My client want to Remittance some money to his Son as Gift.In this case any requirement of fill 15CA 15CB Or not

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 June 2015 No. Form 15CA and Form 15CB are not required for Gift as per Rule 37BB of the Income Tax Act, Rules.

See rule 37BB from link given below:

http://www.incometaxindia.gov.in/_layouts/15/dit/Pages/viewer.aspx?grp=Rule&cname=CMSID&cval=103120000000007406&k=&IsDlg=0

SUNIL KUMAR VARSHNEY

SUNIL KUMAR VARSHNEY (Querist)
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29 June 2015 Kindly Suggest me as per current Budget.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 June 2015 Answer remains same.

See link given below:

https://buyerscredit.wordpress.com/2015/06/09/revised-sec-195-payment/