| Question And Answer | |
|---|---|
| Subject: | Dividend payment to NRI in INR-Tds applicability & Return to be filed |
| Category: | Income-Tax |
| Querist: | Shailesh Pawitwar |
| Answered by: | Law Intern |
| Tags: | Dividend to NRI shareholders, Forms 15CA and 15CB |
| Date: | August 8, 2025 |
Hi,
We are a Private Limited Company & need to make dividend payment to to just become NRI shareholder in INR.
As per your opinion Form-15CB& 15CA is applicable for the dividend payment transaction. As the Form-15CA-CB requires the currencies to be mentioned in INR as well as Forex. In such case how to mention the forex amount as the payment is in INR.
Hope for the earliest reply in the matter.
Best regards,
As the payment is in INR and to a NRE/NRO account, there is no “foreign remittance”. However, Banks do insist upon the Forms 15CA and 15CB as there is potential for future repatriation. As a practical measure, you can specify INR as the currency in both forms and indicate “0” or “Not Applicable” in the foreign currency field. Alternatively, you can use the RBI reference rate for conversion.