Notification No. 93/2015 dated 16.12.2015 is issued by Central Board of Direct Taxes for relaxation of 15CA and 15CB compliance.
The Notification has expressly reduced the burden for the following items:
1. 15CB will be required only if the payment made to non-resident which is chargeable to tax exceeds Rs.5 lacs.
2. Specified List is categorically exempt from obtaining 15CA 15CB certifications. Now, even Imports are covered under this new list of 33 specified items. The list is given below
3. No 15CA 15CB is required if the remittance is by Individual and it does not require prior permission from RBI