Furnishing of information for payment to a non-resident, not being a company, or to a foreign company

No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do not require RBI approval. Further, the list of payments of specified nature which do not require submission of Forms 15CA and 15CB has been expanded from 28 to 33 including payments for imports. A CA certificate in Form No. 15CB will be required to be furnished only in respect of such payments made to non-residents which are chargeable to tax and the amount of payment during the year exceeds INR 5 lakh.

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