[aaykarbhavan] Requirement of 15CA

Dear Members

Several Financial Institutions are seeking investment by NRIs on a repatriable as well as non- repatriable basis in their Tax free bonds in the F.Y 2013-14 in Indian rupees terms.   

Here institutions are making payment of interest on application money after deduction of TDS u/s 194A. The said payment is made into the banks india as per thedetails provided by the investor at the time of application.

Now My query is that in case of above scenario, requirement of submission of  FORM 15CA will arise or not

Regards

CA Nimit Jain

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