non filing of form 15CA & 15CB

[satbir singhwahi]

As per circular 4/2009 dt. 29.06.2009, Form 15CA and 15CB , need to filed with Bank By the Assessee

for foreign remittances. The assessee has not generated these forms for financial year 2009-10 and 2010-11, as bank did not ask for it. Now from 2011-12 , forms are regularly generated and taken , to be submitted to bank. What is the remedy for this default . The Export commission is paid to non resident having no office in India .Can these forms  be generated & Taken now to rectify the error.

 

 

[satbir singhwahi]

Sir

No reply received

[DR.MARIAPPAN GOVINDARAJAN]

In my view at present it cannot be rectified.

AI Summary

Debate on non-filing of Forms 15CA/15CB for foreign remittances in 2009-11; remedies for export commission default. A discussion on the non-filing of Forms 15CA and 15CB for foreign remittances during the financial years 2009-10 and 2010-11. The forms were not generated as the bank did not request them, but from 2011-12 onwards, they have been regularly submitted. The issue raised concerns the remedy for this default, particularly regarding export commissions paid to a non-resident without an office in India. One response indicated that rectification might not be possible at this stage.