Tag Archives: remittance

When remittance are not required to be reported to Income tax Dept w.e.f 01.4.2016

By | December 19, 2015

As per new Rule 37BB of Income tax rule  which shall come into force with effect from April 1, 2016. No need to report remittance  in Forms 15CA and 15CB :- When remittance is made by an individual and prior approval of the RBI is not required due to liberalized remittance Scheme;  When payments  are of the… Read More »

Service Tax on services provided in relation to remittance of money to India from overseas

By | October 16, 2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs  Notification No. 19/2015-Service Tax  New Delhi, the 14th October, 2015 22 Asvina 1937 Saka  G.S.R. (E).- Whereas, the Central Government is satisfied that in the… Read More »