TMI BlogFurnishing of information for payment to a non-resident, not being a company, or to a foreign companyX X X X Extracts X X X X X X X X Extracts X X X X ..... The person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum which is not chargeable under the provisions of the Act, shall furnish the information in Part D of Form No.15CA . (3) Notwithstanding anything contained in sub-rule (2), no information is required to be furnished for any sum which is not chargeable under the provisions of the Act, if,- (i) the remittance is made by an individual and it does not require prior approval of Reserve Bank of India as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000 ; or 5 [ (ia) the remittance is made by a Unit of an International Financial Services Centre referred to in sub-section (1A) of section 80LA; or ] (ii) the remittance is of the nature specified in column (3) of the specified list below: SPECIFIED LIST Sl. No. Purpose code as per RBI Nature of payment (1) (2) (3) 1 S0001 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce of offices abroad 24 S1201 Maintenance of Indian embassies abroad 25 S1202 Remittances by foreign embassies in India 26 S1301 Remittance by non-residents towards family maintenance and savings 27 S1302 Remittance towards personal gifts and donations 28 S1303 Remittance towards donations to religious and charitable institutions abroad 29 S1304 Remittance towards grants and donations to other Governments and charitable institutions established by the Governments 30 S1305 Contributions or donations by the Government to international institutions 31 S1306 Remittance towards payment or refund of taxes 32 S1501 Refunds or rebates or reduction in invoice value on account of exports 33 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 15CA, Form No. 15CB, Form No. 15CC and Form No. 15CD and shall be responsible for the day-to-day administration in relation to the furnishing and verification of information, certificate and quarterly statement in accordance with the provisions of sub-rules (4), (6) and sub-rule (7). ] 11 [ Explanation . For the purposes of this rule, (i) authorised dealer means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999); (ii) International Financial Services Centre shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005); (iii) Unit shall have the same meaning as assigned to it in clause (zc) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005). ] ] ************* Notes: 1. Inserted vide Notification No. 30/2009 dated 25/3/2009 2. Substituted vide NOTIF ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r (c) an order from the Assessing Officer under sub-section (2) or sub-section (3) of section 195. (2) The information in Form No. 15CA shall be furnished by the person electronically to the website designated by the Income-tax Department and thereafter signed printout of the said form shall be submitted to the authorised dealer, prior to remitting the payment. (3) An income-tax authority may require the authorised dealer to furnish the signed printout referred to in sub-rule (2) for the purposes of any proceedings under the Act. (4) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified. Explanation. - For the purposes of this rule,- (a) 'authorised dealer' means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999); (b) the specified list refers to the payments of the nature as indicated below: SPECIFIED LIST Sl.No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21 S0303 Travel for pilgrimage 22 S0304 Travel for medical treatment 23 S0305 Travel for education (including fees, hostel expenses etc.) 24 S0401 Postal services 25 S0501 Construction of projects abroad by Indian companies including import of goods at project site 26 S0601 Payments for life insurance premium 27 S0602 Freight insurance - relating to import and export of goods 28 S0603 Other general insurance premium 29 S1011 Payments for maintenance of offices abroad 30 S1201 Maintenance of Indian embassies abroad 31 S1202 Remittances by foreign embassies in India 32 S1301 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -tax Department and thereafter signed printout of the said form shall be submitted to the authorised dealer, prior to remitting the payment. (3) An income-tax authority may require the authorised dealer to furnish the signed printout referred to in sub-rule (2) for the purposes of any proceedings under the Act. (4) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day administration in relation to furnishing the information in the manner specified. Explanation 1.- For the purposes of this rule, authorised dealer means a person authorised as an authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999). Explanation 2.- For the removal of doubts, it is hereby clarified that for payments of the nature specified in column (3) of the specified list below, no information is required to be furnished under sub-rule (1). SPECIFIED LIST Sl. No. (1) Purpose code as per RBI (2) Nature of payment (3) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce towards personal gifts and donations 23 S1303 Remittance towards donations to religious and charitable institutions abroad 24 S1304 Remittance towards grants and donations to other governments and charitable institutions established by the governments. 25 S1305 Contributions or donations by the Government to international institutions 26 S1306 Remittance towards payment or refund of taxes. 27 S1501 Refunds or rebates or reduction in invoice value on account of exports 28 S1503 Payments by residents for international bidding.] 5. Inserted vide NOTIFICATION NO. 89/2023 dated 16-10-2023 w.e.f. 01-01-2024 6. Inserted vide NOTIFICATION NO. 89/2023 dated 16-10-2023 w.e.f. 01-01-2024 7. Inserted vide NOTIFICATION NO. 89/2023 dated 16-10-2023 w.e.f. 01-01-2024 8. Inserted vide NOTIFICATION NO. 89/2023 dated 16-10-2023 w.e.f. 01-01- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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