9911796707
TMI BlogAmendment in rule 37BB - Furnishing of information for payment to a non-resident, not being a company, or to a foreign company - Income-tax Amendment (Twenty-fifth Amendment), Rules, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... mmencement. (1) These rules may be called the Income-tax Amendment (Twenty-fifth Amendment), Rules, 2023. (2) They shall come into force with effect from the 1st day of January, 2024. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 37BB , (a) in sub-rule (3), after clause (i), the following clause shall be inserted, namely:- (ia) the remittance is made by a Unit of an International Financial Services Centre referred to in sub-section (1A) of section 80LA ; or ; (b) in sub-rule (4), (I) in clause (i), after the words and brackets Principal Director General of Income-tax (Systems) , the words and brackets or the Director General of Income-tax (Systems) shall be insert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (e) for sub-rule (8), the following sub-rule shall be substituted, namely:- (8) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of Form No. 15CA, Form No. 15CB, Form No. 15CC and Form No. 15CD and shall be responsible for the day-to-day administration in relation to the furnishing and verification of information, certificate and quarterly statement in accordance with the provisions of sub-rules (4), (6) and sub-rule (7). ; (f) for the Explanation, the following Explanation shall be substituted, namely:- Explanation . For the purposes of this rule, (i) authorised dealer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remittee Permanent account number # or Aadhar # Number of the remittee Complete address, email # and phone number # of the remittee Country of which the remittee is resident # Name of the remitter Permanent account number of the remitter Country to which remittance is made Date of remittance Amount of remittance Nature of remittance Purpose Code as per RBI $ Country Currency ..... X X X X Extracts X X X X X X X X Extracts X X X X
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