What are the transactions where form 15 CA/CB Is not required?

When Forms 15CA Part A Alone Suffices for NRI Remittances Under Rs. 5 Lakhs

Form 15CA and 15CB are not required for the following transactions:

Form 15CA is a declaration that needs to be submitted when remitting money from India to a foreign entity or individual. However, Form 15CA is not required in the following scenarios:

Amount Below Rs. 5 Lakhs: If the total remittance does not exceed Rs. 5 lakhs during the financial year, only Part A of Form 15CA needs to be filled. In this case, Form 15CB is not required.

Form 15CB

Form 15CB is a certification form provided by a Chartered Accountant that verifies the tax compliance of the remittance. Form 15CB is not required in the following cases:

Transactions Below Rs. 5 Lakhs: When the remittance amount does not exceed Rs. 5 lakhs in a financial year and is covered under Part A of Form 15CA, Form 15CB does not need to be submitted.

In summary, for transactions under Rs. 5 lakhs, Form 15CA Part A is sufficient, and Form 15CB is not needed.