Form 15ca for local remittance

Dear Sir

1 :- From June 1, 2015, any person making a payment to a non-resident, including an  NRI  transferring funds from NRO to NRE account would be required to obtain a certificate from a Chartered Accountant in form 15CB and file form 15CA to the income tax department.

2 :- Indian Earnings (like Salary, Rent, Interest) can't be deposit directely in NRE.

3 :- You will have to use foreign currency of his living country.

4 :- If your remittance is less than 50000 in single payment or less than 250000 in the whole year than form 15CB is not require from Chartered Accountant. But Form 15CA will have to be uploaded mandatorily.

5 :- If your single payment is more than INR 50000 than you will have to obtain for 15CB from a Practicing CA and form 15CA part B will have to filled with Income Tax Department every time makig payment to NRI

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