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Income Tax Department has relaxed the rules for sending money abroad, you will be able to submit this form by filling it by hand

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The Income Tax Department on Monday allowed some forms to be filled by hand. The approval has been given amid technical snags persisting even a week after the launch of the new tax filing portal. The Income Tax Department has issued a circular allowing banks to manually fill Form 15CA/15CB (Required for remitting money abroad) with the bank till June 30 to ensure smooth conduct of business transactions.

These forms will later be uploaded on the e-filing portal. new portal www.incometax.gov.in Launched on 7th June. The Income Tax Department and the government said the objective is to make compliance more accessible to taxpayers. Complaints about technical problems in the work on the portal started coming from the very first day itself. Complaints persist even after a week. According to Chartered Accountants, taxpayers are not able to view their last e-filed returns. Many facilities have not started yet. It is being written on it, it will start soon.

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In a statement, the Income Tax Department said, “In view of the problems faced by the taxpayers in filling up the Income Tax Form 15CA/15CB on the portal, it has been decided that the taxpayers can submit these forms to the authorized dealers in ‘manual format’ by June 30.” ‘.” The Income Tax Department has also advised that authorized dealers will accept these forms till June 30, 2021 for remittances abroad.

According to the statement, “Facility for uploading of these forms for the purpose of generation of Document Identification Number will be provided at a later stage.” Any person remitting money abroad would need to submit Form 15CA’ online form/declaration form. They have to give information about the nature of the transaction and income tax deducted on the amount being remitted.

In some cases, Form 15CA requires a Chartered Accountant’s certificate which is given through Form 15CB. Nangia & Co. LLP partner Shailesh Kumar said that due to closure of old e-filing portal on 31st May, 2021 and technical glitches in new portal, filling 15CA and 15CB forms ‘online’ has not been possible till now.

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Income Tax Department has relaxed the rules for sending money abroad, you will be able to submit this form by filling it by hand
Kiran Morehttp://mytechspark.com
Hello friends, I am Kiran More, Technical Author and Co-Founder of mytechspark . Speaking of education, I am an BCS (Bachelor of Computer Science ) Graduate. I am also a youtuber our site provide fresh tech news ,unboxing ,new smartphones and Gadgets News and much more . So Stay connected with us. 😀
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