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Form 15CA & Form 15CB

Planning to send money abroad from India? Ensure you’re compliant with 15CA and 15CB filings first. Apkireturn team is here to assist you through this process smoothly and efficiently.

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Form 15CA in India - An Overview

Form 15CA is used in India for remittances made to non-residents or foreign entities. It’s a declaration by the remitter, stating that tax has been collected and remitted to the government on these payments. The form is submitted online on the Income Tax Department’s website. It’s essential for transactions where remittance is chargeable to tax under the Income Tax Act, 1961. 

There are different parts of Form 15CA, depending on the nature and amount of remittance and it often requires a certificate from a Chartered Accountant in Form 15CB. This process ensures tax compliance for cross-border transactions.

Process to Fill Form 15 CA

  • Visit the official Income Tax e-filing website (https://www.incometaxindiaefiling.gov.in).
  • Log in using your PAN (Permanent Account Number) as the user ID and your password.
  • After logging in, go to the ‘e-File’ menu and select ‘Income Tax Forms’ from the drop-down menu.
  • Choose Form 15CA from the list of forms available.
  • Choose the appropriate part of Form 15CA to fill (Part A, B, C, or D), based on your specific remittance details.
  • Fill in the details as required in the form. This will include information about the remitter, the remittee (recipient), the nature and amount of remittance, and details of the bank through which the remittance is made.
  • If applicable, details from Form 15CB (certificate from a Chartered Accountant) might be required.

Depending on the part of Form 15CA you are filling out, you may need to upload certain documents. This is usually relevant for Parts B and C.

  • Review all the information entered for accuracy.
  • Submit the form electronically. If digital signing is enabled on your account, you can digitally sign the form. Alternatively, you can verify using EVC (Electronic Verification Code) or Aadhaar OTP.

Upon successful submission, you will receive an acknowledgment number for your records.

It’s advisable to print a copy of the filled form for your records and future reference.

Components of Form 15CA

  • Used When: If the remittance or the sum of such remittances does not exceed Rs. 5 lakhs during the financial year.
  • Information Required: Basic details of the remitter, details of the remittee (recipient), remittance details (amount, currency, country) and the bank details of the remittance.
  • Used When: For remittances exceeding Rs. 5 lakhs during the financial year, where an order/certificate u/s 195(2)/ 195(3)/ 197 of Income Tax Act has been obtained from the Assessing Officer.
  • Information Required: Besides the basic details as in Part A, it requires the details of the Assessing Officer’s order/certificate.
  • Used When: For remittances exceeding Rs. 5 lakhs during the financial year, and where an order/certificate has not been obtained from the Assessing Officer.
  • Information Required: Includes all details as in Part B, along with a certificate from a Chartered Accountant in Form 15CB.
  • Used When: If the remittance is not chargeable to tax and the remittance or the aggregate of such remittances does not exceed Rs. 5 lakhs during the financial year.
  • Information Required: Basic details of the remitter and the remittee, along with a declaration that the remittance is not chargeable to tax.

General Information Required in Form 15CA

Form 15CB in India - An Overview

Form 15CB is a certification provided by a Chartered Accountant for individuals in India making foreign remittances. This form is necessary when a remittance or payment to a non-resident exceeds a certain threshold and is chargeable under the Income Tax Act. It contains details of the payment, recipient’s information, the Tax Deducted at Source (TDS) and other tax details. 

The purpose of Form 15CB is to ensure tax compliance and proper reporting of transactions with foreign entities. It complements Form 15CA, serving as a tool for the Income Tax Department to track cross-border money.

Process to Fill Form 15 CB

The CA must log in to the official Income Tax e-filing website (https://www.incometaxindiaefiling.gov.in) using their CA credentials.

Form 15CB is essentially a certificate that a CA issues after examining the nature of the remittance and relevant tax laws. The CA must gather all necessary documents and details from the client (remitter) to prepare the certificate.

Form 15CB consists of various parts where the CA needs to provide details such as:

  • Information about the remitter (payer) and the remittee (payee).
  • Details of the remittance (purpose, amount, currency, country, etc.).
  • Relevant details under the Double Taxation Avoidance Agreement (DTAA), if applicable.
  • Information on the taxability of the remittance under the provisions of the Income Tax Act, 1961.
  • Details of Tax Deducted at Source (TDS) including the rate and amount of TDS.
 
  • Once the certificate is prepared and filled, the CA must upload it on the Income Tax e-filing portal under the client’s PAN.
  • The CA should digitally sign the form while uploading.
 

After submitting the form online, the CA should provide a copy of the completed and signed Form 15CB to the client. This form is then used by the client to fill Form 15CA.

FAQs

Individuals or businesses in India making a remittance to a non-resident or foreign company need to fill out Form 15CA.

It should be submitted before making the remittance. The form serves to assure the tax authorities that taxes have been considered on the remitted amount.

Form 15CA is submitted online on the Income Tax Department’s e-filing portal.

Yes, Form 15CA is divided into four parts (Part A, B, C, and D) based on the nature and amount of the remittance.

After submission, an acknowledgment number is generated, which should be used in further correspondence and procedures.

A Chartered Accountant registered in India must issue Form 15CB.

Form 15CB is typically required for remittances to non-residents when the remittance is taxable, and the amount exceeds specified limits.

The CA submits Form 15CB online through the Income Tax e-filing portal. The remitter then uses the information from Form 15CB to complete Form 15CA.

It depends on the nature and amount of the remittance. For certain transactions (especially where tax implications are involved), both forms are required.

Form 15CB includes details of the remittance, the applicable Double Taxation Avoidance Agreement (DTAA), the TDS rate and any other compliance under the Income Tax Act.

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