Rule - 37BB , Income-tax Rules, 1962

34[Furnishing of information for payment to a non-resident, not being a company, or to a foreign

company.
37BB. (1) The person responsible for paying to a non-resident, not being a company, or to a foreign company,
any sum chargeable under the provisions of the Act, shall furnish the following, namely:—
(i) the information in Part A of Form No. 15CA, if the amount of payment or the aggregate of such
payments, as the case may be, made during the financial year does not exceed five lakh rupees;
(ii) for payments other than the payments referred in clause (i), the information,—
(a) in Part B of Form No. 15CA after obtaining,—
(I) a certificate from the Assessing Officer under section 197; or
(II) an order from the Assessing Officer under sub-section (2) or sub-section (3) of
section 195;
(b) in Part C of Form No. 15CA after obtaining a certificate in Form No. 15CB from an
accountant as defined in the Explanation below sub-section (2) of section 288.
(2) The person responsible for paying to a non-resident, not being a company, or to a foreign company, any
sum which is not chargeable under the provisions of the Act, shall furnish the information in Part D of Form
No. 15CA.
(3) Notwithstanding anything contained in sub-rule (2), no information is required to be furnished for any sum
which is not chargeable under the provisions of the Act, if,—
(i) the remittance is made by an individual and it does not require prior approval of Reserve Bank of
India as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999)
read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000; or
34a[(ia) the remittance is made by a Unit of an International Financial Services Centre referred to in sub-
section (1A) of section 80LA; or]
(ii) the remittance is of the nature specified in column (3) of the specified list below:
SPECIFIED LIST
Sl. Purpose code as Nature of payment
No. per RBI
(1) (2) (3)
1 S0001 Indian investment abroad - in equity capital (shares)
2 S0002 Indian investment abroad - in debt securities
3 S0003 Indian investment abroad - in branches and wholly owned subsidiaries
4 S0004 Indian investment abroad - in subsidiaries and associates
5 S0005 Indian investment abroad - in real estate
6 S0011 Loans extended to Non-Residents
7 S0101 Advance payment against imports
8 S0102 Payment towards imports - settlement of invoice
9 S0103 Imports by diplomatic missions
10 S0104 Intermediary trade
11 S0190 Imports below Rs. 5,00,000-(For use by ECD offices)
 12 S0202 Payment for operating expenses of Indian shipping companies operating abroad.
13 S0208 Operating expenses of Indian Airlines companies operating abroad
14 S0212 Booking of passages abroad - Airlines companies
15 S0301 Remittance towards business travel
16 S0302 Travel under basic travel quota (BTQ)
17 S0303 Travel for pilgrimage
18 S0304 Travel for medical treatment
19 S0305 Travel for education (including fees, hostel expenses, etc.)
20 S0401 Postal services
21 S0501 Construction of projects abroad by Indian companies including import of goods at
project site
22 S0602 Freight insurance - relating to import and export of goods
23 S1011 Payments for maintenance of offices abroad
24 S1201 Maintenance of Indian embassies abroad
25 S1202 Remittances by foreign embassies in India
26 S1301 Remittance by non-residents towards family maintenance and savings
27 S1302 Remittance towards personal gifts and donations
28 S1303 Remittance towards donations to religious and charitable institutions abroad
29 S1304 Remittance towards grants and donations to other Governments and charitable
institutions established by the Governments
30 S1305 Contributions or donations by the Government to international institutions
31 S1306 Remittance towards payment or refund of taxes
32 S1501 Refunds or rebates or reduction in invoice value on account of exports
33 S1503 Payments by residents for international bidding.
(4) The information in Form No. 15CA shall be furnished,—
(i) electronically under digital signature in accordance with the procedures, formats and standards
specified by the Principal Director General of Income-tax (Systems) 34a[or the Director General of
Income-tax (Systems)] under sub-rule (8) and thereafter printout of the said form shall be submitted to
the authorised dealer, prior to remitting the payment; or
(ii) electronically in accordance with the procedures, formats and standards specified by the Principal
Director General of Income-tax (Systems) 34a[or the Director General of Income-tax (Systems)]
under sub-rule (8) and thereafter signed printout of the said form shall be submitted to the authorised
dealer, prior to remitting the payment.
(5) An income-tax authority may require the authorised dealer to furnish the signed printout of Form No.
15CA referred to in clause (ii) of sub-rule (4) for the purposes of any proceedings under the Act.
(6) The certificate in Form No. 15CB shall be furnished and verified electronically in accordance with the
procedures, formats and standards specified by the Principal Director General of Income-tax (Systems) 34a[or
the Director General of Income-tax (Systems)] under sub-rule (8).
34b[(7) A quarterly statement, for each quarter of the financial year shall be furnished in respect of all
remittances referred to in sub-rules (1), (2) and sub-rule (3) by,—
(i) the authorised dealer in Form No. 15CC;
(ii) a Unit of an International Financial Services Centre referred to in sub-section (1A) of section 80LA,
responsible for paying to a non-resident, not being a company, or to a foreign company, in Form No.
15CD,
to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or
the person authorised by the Principal Director General of Income-tax (Systems) or the Director General of
Income-tax (Systems) electronically under digital signature within fifteen days from the end of the quarter of
the financial year to which such statement relates in accordance with the procedures, formats and standards
specified by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax
(Systems) under sub-rule (8).]
34c[(8) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax
(Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of
Form No. 15CA, Form No. 15CB, Form No. 15CC and Form No. 15CD and shall be responsible for the day-
to-day administration in relation to the furnishing and verification of information, certificate and quarterly
statement in accordance with the provisions of sub-rules (4), (6) and sub-rule (7).]
34d[Explanation.— For the purposes of this rule,-
(i) "authorised dealer" means a person authorised as an authorised dealer under sub-section (1) of
section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999);
(ii) "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q)
of section 2 of the Special Economic Zones Act, 2005 (28 of 2005);
(iii) "Unit" shall have the same meaning as assigned to it in clause (zc) of section 2 of the Special
Economic Zones Act, 2005 (28 of 2005).]

34. Substituted by the IT (Twenty-first Amdt.) Rules, 2015, w.e.f. 1-4-2016. Prior to its substitution, rule
37BB, as inserted by the IT (Seventh Amdt.) Rules, 2009, w.e.f. 1-7-2009 and substituted by the IT
(Fourteenth Amdt.) Rules, 2013, w.e.f. 1-10-2013 [IT (Fourteenth Amdt.) Rules, 2013 has superseded
the IT (Twelfth Amdt.) Rules, 2013], read as under :
"37BB. Furnishing of information by the person responsible for making any payment including any
interest or salary or any other sum chargeable to tax, to a non-resident, not being a company, or to a
foreign company.—(1) Any person responsible for paying to a non-resident, not being a company, or to a
foreign company, any interest or salary or any other sum chargeable to tax under the provisions of the
Act, shall furnish the following, namely:—
(i) the information in Part A of Form No.15CA, if the amount of payment does not exceed
fifty thousand rupees and the aggregate of such payments made during the financial year
does not exceed two lakh fifty thousand rupees;
(ii) the information in Part B of Form No. 15CA for payments other than the payments
referred to in clause (i) after obtaining—
(a) a certificate in Form No. 15CB from an accountant as defined in the Explanation
below sub-section (2) of section 288; or
(b) a certificate from the Assessing Officer under section 197; or
(c) an order from the Assessing Officer under sub-section (2) or sub-section (3) of
section 195.

(2) The information in Form No. 15CA shall be furnished by the person electronically to the website
designated by the Income-tax Department and thereafter signed printout of the said form shall be
submitted to the authorised dealer, prior to remitting the payment.
(3) An income-tax authority may require the authorised dealer to furnish the signed printout referred to
in sub-rule (2) for the purposes of any proceedings under the Act.
(4) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards
for ensuring secure capture, transmission of data and shall also be responsible for the day-to-day
administration in relation to furnishing the information in the manner specified.
Explanation 1.—For the purposes of this rule, "authorised dealer" means a person authorised as an
authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999
(42 of 1999).
Explanation 2.—For the removal of doubts, it is hereby clarified that for payments of the nature
specified in column (3) of the specified list below, no information is required to be furnished under sub-
rule (1).
SPECIFIED LIST
Sl. Purpose Nature of payment
No. code
as per
RBI
(1) (2) (3)
1 S0001 Indian investment abroad - in equity capital (shares)
2 S0002 Indian investment abroad - in debt securities
3 S0003 Indian investment abroad - in branches and wholly owned subsidiaries
4 S0004 Indian investment abroad - in subsidiaries and associates
5 S0005 Indian investment abroad - in real estate
6 S0011 Loans extended to Non-Residents
7 S0202 Payment for operating expenses of Indian shipping companies operating abroad
8 S0208 Operating expenses of Indian Airlines companies operating abroad
9 S0212 Booking of passages abroad - Airlines companies
10 S0301 Remittance towards business travel
11 S0302 Travel under basic travel quota (BTQ)
12 S0303 Travel for pilgrimage
13 S0304 Travel for medical treatment
14 S0305 Travel for education (including fees, hostel expenses etc.)
15 S0401 Postal services
16 S0501 Construction of projects abroad by Indian companies including import of goods at
project site
17 S0602 Freight insurance - relating to import and export of goods
18 S1011 Payments for maintenance of offices abroad
19 S1201 Maintenance of Indian embassies abroad
20 S1202 Remittances by foreign embassies in India
21 S1301 Remittance by non-residents towards family maintenance and savings
22 S1302 Remittance towards personal gifts and donations
23 S1303 Remittance towards donations to religious and charitable institutions abroad
24 S1304 Remittance towards grants and donations to other Governments and charitable
institutions established by the Governments
25 S1305 Contributions or donations by the Government to international institutions
26 S1306 Remittance towards payment or refund of taxes
27 S1501 Refunds or rebates or reduction in invoice value on account of exports
28 S1503 Payments by residents for international bidding."
34a. Inserted by the IT (Twenty-fifth Amdt.), Rules, 2023, w.e.f. 1-1-2024.
34b. Substituted by the IT (Twenty-fifth Amdt.), Rules, 2023, w.e.f. 1-1-2024. Prior to its substitution, sub-
rule (7) read as under:-
"(7) The authorised dealer shall furnish a quarterly statement for each quarter of the financial year in
Form No. 15CC to the Principal Director General of Income-tax (Systems) or the person authorised by
the Principal Director General of Income-tax (Systems) electronically under digital signature within
fifteen days from the end of the quarter of the financial year to which such statement relates in
accordance with the procedures, formats and standards specified by the Principal Director General of
Income-tax (Systems) under sub-rule (8)."
34c. Substituted by the IT (Twenty-fifth Amdt.), Rules, 2023, w.e.f. 1-1-2024. Prior to its substitution, sub-
rule (8) read as under:-
"(8) The Principal Director General of Income-tax (Systems) shall specify the procedures, formats and
standards for the purposes of furnishing and verification of Form 15CA, Form 15CB and Form 15CC
and shall be responsible for the day-to-day administration in relation to the furnishing and verification
of information, certificate and quarterly statement in accordance with the provisions of sub-rules (4), (6)
and (7)."
34d. Substituted by the IT (Twenty-fifth Amdt.), Rules, 2023, w.e.f. 1-1-2024. Prior to its substitution,
Explanation read as under:-
"Explanation.—For the purposes of this rule "authorised dealer" means a person authorised as an
authorised dealer under sub-section (1) of section 10 of the Foreign Exchange Management Act, 1999
(42 of 1999)."