15 ca form

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 June 2016 Dear Experts ,

I want to repatriate 5 lac rs to my son abroad. Do in need CA certficate for the same . Please also let me know whether DSC is must for 15CA certificate or i can fill without DSC also.

Thanks in advance

Rupesh Jain

Rupesh Jain (Expert)
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23 June 2016 you can send easily upto 250000$ per year

Liberalised Remittance Scheme (LRS) of USD 2,50,000

“ Under the Liberalised Remittance Scheme, all students who are resident Indians, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. Further, resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1 of Schedule III of FEM (CAT) Amendment Rules 2015, within the limit of USD 2,50,000 only. “

for this no requirement of 15CA/15CB

Accounting and Taxation Consulta

Accounting and Taxation Consulta (Expert)
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23 June 2016 From the last years budget it has been mandated to file form 15CA & CB for the payments made outside of India. It is with the intention to get the certification that the tax as applicable on the outward remittance has been deducted by the Payer. some private bank may not ask for form 15ca& 15cb for sending money to your son. but many nationalized banks are asking for this form. and yes for getting the form 15ca online from income tax department you need to file the form online and DSC is required in that case.

Thanks & Regards,
+91 7622859395
Email : aandtconsultancy@gmai.com

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