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