Foreign inward remittance certification: bank and assessee must attest remittance details and timing for claiming the tax deduction. Form 10HA establishes a two-part certification: Part A requires the remitting bank to certify receipt, disposition, remitter and remitting-bank details, transfer instrument, foreign amount and rupee equivalent, exchange rate, purpose, whether received in non-convertible rupees or under special arrangements, and RBI-approved reimbursement; Part B requires the eligible assessee to certify inward remittances received, whether convertible foreign exchange was brought into India within six months (or within an extended period authorised by the competent authority), specify amounts and approvals if applicable, and confirm that the deduction claimed under the Income-tax remittance deduction provision is correctly claimed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign inward remittance certification: bank and assessee must attest remittance details and timing for claiming the tax deduction.
Form 10HA establishes a two-part certification: Part A requires the remitting bank to certify receipt, disposition, remitter and remitting-bank details, transfer instrument, foreign amount and rupee equivalent, exchange rate, purpose, whether received in non-convertible rupees or under special arrangements, and RBI-approved reimbursement; Part B requires the eligible assessee to certify inward remittances received, whether convertible foreign exchange was brought into India within six months (or within an extended period authorised by the competent authority), specify amounts and approvals if applicable, and confirm that the deduction claimed under the Income-tax remittance deduction provision is correctly claimed.
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