TaxTMI 
TaxTMI 
TaxTMI 
SOME PAYMENT FOR IMPORT OF GOODS IS MADE WITHOUT FURNISHING FORM 15CA TO INCOME TAX DEPTT.ALTHOUGHT NO TDS WAS TO BE DEDUCTED, STILL IF THERE IS ANY PENALTY FOR NON FURNISHING OF FORM 15CA
penalty for non furnishing of FORM 15CA
SANJAY RAWAL
No Penalty for Not Submitting Form 15CA on Imported Goods Payments Without TDS Requirement A query was raised regarding the penalty for not submitting Form 15CA to the Income Tax Department when making payments for imported goods, even though no Tax Deducted at Source (TDS) was required. The response clarified that there is no penalty for failing to furnish Form 15CA in such circumstances. However, it was suggested that if anyone holds a different opinion, further discussion is welcome. (AI Summary)