foreign remittance tax forms: Deadline for filing of foreign remittance tax forms extended till July 15

The brand new portal was launched on June 7 with an purpose of creating compliance extra taxpayer-friendly however many customers complained of glitches resulting from which the division allowed guide filings of Type 15CA/15CB with banks until June 30.

As per the Earnings Tax Act, there’s a requirement to furnish Type 15CA/15CB electronically. At present, taxpayers add the Type 15CA, together with the Chartered Accountant Certificates in Type 15CB, wherever relevant, on the e-filing portal, earlier than submitting the copy to the authorised vendor for any overseas remittance.

In view of the difficulties reported by taxpayers in digital submitting of Earnings Tax Types 15CA/15CB on the portal
www.incometax.gov.in, it had earlier been determined by CBDT that taxpayers might submit Types 15CA/15CB in guide format to the authorised vendor until June 30.

“It has now been determined to increase the aforesaid date to July 15, 2021. In view thereof, taxpayers can now submit the mentioned Types in guide format to the authorised sellers until July 15, 2021,” mentioned the CBDT assertion, directing the authorised sellers to just accept such kinds until July 15 for the aim of overseas remittances.

With inputs from IANS