My brother, an NRI dwelling within the US, not too long ago disposed of his property. Subsequently, earnings tax and capital features tax computation have been carried out and accordingly the IT workplace made a refund. Now, the proceeds of sale should be repatriated to his account within the US. Our chartered accountant recommended that we file varieties 15CA and 15CB for this. 15CA must be submitted by my brother, which requires e-verification by way of EVC code. That is generated by means of a One-Time Password (OTP) despatched to the cellular quantity that’s linked to Aadhar. OTP can be despatched to the cellular quantity linked to the registered checking account. In each circumstances, this quantity must be an India cellular quantity. 15CB can be submitted by our chartered accountant. As my brother doesn’t have an India cellular quantity, is it obligatory to file it electronically? Alternatively, can it’s filed in a tough copy to the ITO for e-verification.
—Sridhar Mandayam
Below the India Earnings-tax legislation, Type 15CA/15CB is required to be filed electronically on the income-tax portal. The shape could also be e-verified by way of a digital Signature or by way of Aadhaar OTP, or an Digital Verification Code generated by way of internet banking facility of specified banks in India, validated Financial institution Account in specified banks in India or validated demat account in India .
In your case, if you’re dealing with points with OTP for Aadhaar or checking account, you could go for digital signature or internet banking facility to e-verify the shape. This doesn’t require OTP to be generated on Indian cellular quantity for verification. Confer with the beneath hyperlink on the assorted strategies of e-verification https://www.incometax.gov.in/iec/foportal//assist/how-to-e-verify-your-e-filing-return.
If the above choices aren’t possible, you could file an internet grievance with the IT authorities to permit OTP to be despatched to a different cellular quantity or worldwide cellular quantity.
Sonu Iyer is tax companion and folks advisory companies chief, EY India.
Supply: Live Mint