Form 15ca

CA Bhasha Shukla (Chartered Accountant) (44 Points)

31 October 2013  

One of my client who is  NRI sold his residential flat in India , giving rise to Capital Gain in India. He paid his tax liability as self assessment tax. Now he wanted to transfer the residual sale proceeds (i.e after payment of tax) which is presently lying in his NRO A/c to his NRE A/c.In This regards all the formalities have been complied. The only problem being faced by him is that while filing Form 15 CA TAN No.is compulsory along with PAN  No. and he doesn’t have TAN No.

      In this regard, being a Professional it is my suggestion that TAN No. should not be made compulsory at least for an individual while filling form 15 CA because it is not justified for an individual to apply for TAN for a single transaction. Previously when Form 15 CA was available on NSDL site ,at that time it was mandatory to write either PAN and / or TAN . But now it is mandatory to write both TAN and PAN which is causing inconvenience to individual’s who does have TAN.

Your comments are welcomed.