15CA and 15CB

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Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our Auditorwala CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

Documents required for Form 15CA and 15 CB:-

A. Details of Remitter
  • Remitter’s Name
  • Remitter’s Address
  • Remitter’s PAN Number
  • Principal Place of Business of the Remitter
  • E-Mail Address and Phone No. Of Remitter
  • Status of the Remitter (Firm/Company/Other)

B. Details of Remittee
  • Remitter’s Name Name and Status of the Remittee
  • Remitter’s Address
  • Address of the Remittee
  • Principal Place of Business
  • Country of the Remittee

C. Details of the Remittance
  • Country to Which Remittance Is Made
  • Currency in Which Remittance Is Made
  • Amount of Remittance in Indian Currency
  • Proposed Date of Remittance

D. Bank Details of the Remitter
  • Name of Bank of the Remitter
  • Name of Branch of the Bank
  • BSR Code of the Bank

E. Others
  • Father’s Name of the Signing Person
  • Designation Of The Signing Person

  • The applicability of Part A of Form 15CA nullifies the applicability of the Form 15CB. Ex, the case of small payments.
  • 28 types of payments require no information to be furnished in the form.
  • For other types of payments, either an order or a certificate of the Assessing Officer u/s. 197/195(2)/195(3) must be obtained, or a certificate of the Chartered Accountant should be obtained.
  • Sub-rule (2) of the revised Rule 37BB makes the furnishing of Form 15CA to the authorized dealer before the remittance of the payment.
  • Form 15CA is available online on the government’s official income tax e-filing portal. The form is electronically submitted to concerned authorities. Here is the step-wise guidance to file Form 15CA:


    Step-1:

    Visit the official E-filing ‘ portal at https://incometaxindiaefiling.gov.in/ and log in by using the valid credentials.

    Step-2:

    Select ” E-file” from the menu placed at the top of the page and then click on Income Tax Forms.

    Step-3:

    The PAN details of the taxpayer is pre-filled. Choose “Form 15CA” from the drop-down list named “Form Name”.

    Step-4:

    Select your required section from “Select relevant part from the down “

    Step-5:

    Fill the selected part of Form 15CA and click on the “submit” button.

    Step-6:

    Fill in the details in the verification portion of the respective part of Form 15CA.

    Please Note–

    Form 15CB needs to be uploaded before you fill Part C of Form 15CA as the acknowledgement number of Form 15CB is required while filing the respective part.

    1. Visit https://www.incometax.gov.in/iec/foportal and click on the Downloads tab.
    2. Select the required Forms (Other than ITR) and then convert them either in JSON Utility (whichever is suitable).
    3. Create the XML file using your chosen utility.
    4. Login to the account on the e-filing portal and click on the e-File tab. Select Upload Form from the drop-down menu.
    5. Fill in the PAN/TAN details of the assessee, PAN of C.A., select Form Named Filing Type as the original. Press ‘submit

    15CA is a declaration of remittance and taxes, which must be filled out by the remitter before transferring money outside of India. This form ensures that the remitter provides accurate information about the nature and purpose of the remittance, as well as the applicable tax withholding rate.
    15CB, on the other hand, is a certificate of an accountant, which confirms that taxes have been appropriately deducted and that the information provided on 15CA is correct. This form is required for remittances over a certain threshold amount, and it helps to ensure that the remittance is legal and compliant with tax regulations.

    What is Form 15CA?

    A person making the remittance (a payment) to a Non Resident or a Foreign Company has to submit the form 15CA. This form is submitted online. Form 15CA is a declaration of remitter which is used as a mechanism for collecting information in respect of payments which are liable to tax on behalf of recipient non-resident. This form assists the Income Tax Department in keeping eye on foreign remittances & their tax accountability. The Rule 37BB defines it as a duty of authorized dealers/banks to confirm the receptivity of such forms from the remitter.


    What is Form 15CB?

    15CB is the Tax Determination Certificate where the CA verifies the remittance with respect to the liability provisions under Section 5 and 9 of the Income Tax Act coupled with the provisions of Double Tax Avoidance Agreements. In this form, a C.A. validates the details of the payment, TDS rate and TDS deduction as per the norms mentioned in Section 195 of the Income Tax Act, if any DTAA is applicable, and other details of nature and purpose of the remittance.

    Frequently Asked Questions

    Here are some frequently asked questions regarding 15CA and 15CB...

    Any person not being a company, who is responsible for paying to a non-resident or a foreign company should furnish such information the required information Form 15CA.

    No, it is not compulsory to submit Form 15CB. Form 15CB is an event-based form that is to be filled only when the remittance amount exceeds Rs.5 lakh during a financial year and you are required to furnish an accountant certificate defined as per Section 288 of the Income Tax Act, 1961.

    Form 15CB is submitted and accessed by a Chartered Accountant (CA) registered on the e-Filing portal. The taxpayer must assign Form 15CA to the CA in order to be able to certify the details in Form 15CB.

    Invoice, tax residency certificate (TRC), the agreement between the parties and Form No. 10F.

    In case of contravention, a penalty of Rs 1 lakh can be imposed by the assessing officer (AO).

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