Amendment in requirement of Form 15CA and Form 15CB w.e.f. 01.04.2016

Government of

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes


Dated: 17th December, 2015


 Sub:    Furnishing of information in respect of
payments made to the non-resident-regarding.


Section 195 of the Income-tax
Act (‘the Act’)empowers the Central Board of Direct Taxes to capture
information in respect of payments made to non-residents, whether chargeable to
tax or not. Rule 37 BB of the Income-tax Rules has been amended to strike a
balance between reducing the burden of compliance and collection of information
under section 195 of the Act.

The significant
changes under the amended Rules are:

Scheme (LRS) 

  •  No
    Form 15CA and 15CB will be required to be furnished by an individual for
    remittance which do not requiring RBI approval under its Liberalised Remmittace
    Scheme (LRS) 
  • Further the list of payments of specified
    nature mentioned in Rule 37 BB 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 Rs. 5 lakh.

The amended
Rules will become applicable from 01.04.2016.

No. G.S.R. 978(E) dated 16th
December, 2015 is available on the website of the Department at


(Shefali Shah)

Pr. Commissioner of Income Tax

Official Spokesperson, CBDT



  1. Ranganathan.B. says

    Even after this procedure and amendment, many R B I authorised banks are not accepting / repatriating money under this L R S scheme asking many forms like 15 ca, 15cb . i sold my son’s property which be bought a flat in chennai through h d f c housing loan.. we have joint N R O AC. NO CAPITAL GAIN was arrived and a loss over rs 30 lacs. please advice

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