What documents required for foreign remittance ?

Hey there, I can help you with the documents required for foreign remittance. I sent money through HDFC Bank a few months ago to Canada to my sister for an emergency. Talking about the remittance, the documents needed aren’t a lot, and the process is quite simple, as well. The documents needed are the application form for outward remittance from your NRO account, form A2, source of funds proof, and so on. 

Below, I am sharing the links to the respective forms that you can download and fill in to move ahead with the remittance process.

What are the Documents Required for Outward Remittance HDFC Bank?

Here are the links to download the respective documents for foreign remittance.

1. Application form for Outward Remittance from NRO Account

2. Form A2

3. Form 15CA

4. As far as Form 15 CB is concerned, you need to obtain it from your chartered accountant. 

That’s all from my side regarding the documents required for foreign remittance for import. I hope this helps you complete the foreign remittance. 

Hey,

If you have noticed that most government schemes and services require documents to be submitted. The documents are used for verifying the data submitted by citizens. Similarly, you need to submit all the documents required for foreign remittance from India in case you want to send money abroad.

You need to submit list of documents required for foreign remittance for India as The Income Tax Department of India will authenticate payments or funds transferred to an NRI (Non-Resident Indian) or foreign company. According to the Income Tax Act, any amount that is taxable according to the law needs to be accounted for in foreign remittance. 

There isn't an insanely long list for the process. You just need to submit Form 15 CA and Form 15 CB. The forms can be submitted online. Certain banks ask for a certificate from a Chartered Accountant. 

It is in Form 15 CB that a chartered accountant looks at the taxability of the remittance as per Income tax. They also look at any provisions of the Double Tax Avoidance Agreement according to the laws of the Recipient’s Residence Country

Foreign remittance documents, especially Form 15CB hold necessary information for the process. It includes details of the remitter, details of the remittee, nature of remittance (whether salary, commission, royalty) etc.

In case you have any doubts on list of

documents required for foreign remittance from India

, leave them in the comment section below.

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