Determine compliance requirements under Rule 37BB of the Income Tax Rules
Welcome! I can help you check whether your foreign remittance requires Form 15CA, Form 15CB, or neither — based on Rule 37BB of the Income Tax Rules.
Reference Materials Used:
• Rule 37BB (Income Tax Act): Reporting rules
• FEMA Schedule I (Prohibited): Exclusions
• FEMA Schedule II (Govt. Approval): Validations
• Master Direction No. 13: NRI Repatriation
• Master Direction No. 7: Resident LRS
• Finance Act 2025: Updated TCS thresholds
Disclaimer: I am not a legal or
tax advisor. This tool provides indicative guidance only. Please verify the final position with a
qualified Chartered Accountant.