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Manual Filing of Tax Forms 15CA/15CB for Foreign Remittance Extended

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The CBDT extended the deadline for completing tax papers for international remittances on Monday. The tax agency stated in a statement that filing Form 15CA/15CB electronically is required under the Income Tax Act of 1961.

 

Before sending the copy to the authorised dealer for any international transfer, taxpayers must first upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, if applicable, to the e-filing platform.

Due to issues reported by taxpayers with electronic filing of Forms 15CA/15CB on the web www.incometax.gov.in, the CBDT had previously decided that taxpayers could submit Forms 15CA/15CB in manual format to an authorised dealer until June 30th.

It has now been decided to push out the deadline to July 15th. As a result, taxpayers can now submit the aforementioned Forms to authorised dealers in manual format until July 15th.

Authorized merchants are encouraged to accept such Forms for foreign remittances until July 15th. On the new e-filing platform, there will be an option to upload these forms at a later time for the purpose of generating the Document Identification Number.

 

Form 15CA is a declaration of remitter that is used to collect information on payments that are taxable in the hands of non-resident recipients. Form 15 CB is a form that requires a Chartered Accountant's signature. This is a document that certifies your tax rates and the type of tax you paid. When filing Form 15CA, certain details from Form 15CB are necessary.

Read more about: cbdt income tax
Story first published: Monday, July 5, 2021, 18:20 [IST]