Revised Form 15CA & Form 15CB

This is to inform you that the CBDT has amended Rule 37BB of the Income Tax Rule, 1962 vide Notification No. 58/2013 dated 5th August, 2013. The format of Form 15CA & Form 15CB has been amended.

Now, Form 15CB shall not be required in the following cases:

1) if the amount of payment does not exceed INR 50,000 & the aggregate of such payments made during the financial year does not exceed INR 2,50,000;

2) if the payment is not chargeable to tax and is of the nature specified in column (3) of the specified list. The specified list has been mentioned below:

Sl. No.	Purpose code as per RBI	Nature of payment
(1)	(2)	(3)
1	S0001	Indian investment abroad -in equity capital (shares)
2	S0002	Indian investment abroad -in debt securities
3	S0003	Indian investment abroad -in branches and wholly owned subsidiaries
4	S0004	Indian investment abroad -in subsidiaries and associates
5	S0005	Indian investment abroad -in real estate
6	S0011	Loans extended to Non-Residents
7	S0101	Advance payment against imports
8	S0102	Payment towards imports-settlement of invoice
9	S0103	Imports by diplomatic missions
10	S0201	Payments for surplus freight or passenger fare by foreign shipping companies operating in India.
11	S0202	Payment for operating expenses of Indian shipping companies operating abroad.
12	S0203	Freight on imports - Shipping companies
13	S0204	Freight on exports - Shipping companies
14	S0206	Booking of passages abroad - Shipping companies
15	S0208	Operating expenses of Indian Airlines companies operating abroad
16	S0209	Freight on imports - Airlines companies
17	S0212	Booking of passages abroad - Airlines companies
18	S0213	Payments on account of stevedoring, demurrage, port handling charges etc.
19	S0301	Remittance towards business travel.
20	S0302	Travel under basic travel quota (BTQ)
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	Remittance by non-residents towards family maintenance and savings
33	S1302	Remittance towards personal gifts and donations
34	S1303	Remittance towards donations to religious and charitable institutions abroad
35	S1304	Remittance towards grants and donations to other governments and charitable institutions established by the governments.
36	S1305	Contributions or donations by the Government to international institutions
37	S1306	Remittance towards payment or refund of taxes.
38	S1501	Refunds or rebates or reduction in invoice value on account of exports
39	S1503	Payments by residents for international bidding".

Further, Income Taxauthority 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.

The said notification has been attached herewith for your perusal.