ITR Form 15 CA & CB Filing
- Art Teacher
- London, UK
- 5-7 Hrs
Thinking of sending money abroad for business, education, or personal purposes? Hold on! Before making any foreign remittance, you might need to comply with Form 15CA and Form 15CB under the Income Tax Act. These forms are part of the Indian government’s strategy to track foreign payments and prevent tax evasion through cross-border transactions. Form 15CA is a self-declaration by the remitter, while Form 15CB is a CA-certified form confirming that applicable tax has been paid (or is not applicable) on the amount being remitted. Not all remittances require both forms, but filing the wrong form—or skipping it—can land you in serious legal trouble under Rule 37BB. Banks will not process your remittance unless these forms are correctly submitted through the Income Tax Portal.
- PAN card of the remitter
- Details of the remittee (foreign recipient)
- Purpose of remittance (with relevant RBI code)
- Invoice or agreement for the transaction
- Nature of remittance (Royalty, technical fees, import, salary, etc.)
- Amount to be remitted and currency
- Bank details of both remitter and recipient
- Tax residency certificate (TRC) of the remittee (if applicable)
- Copy of Form 26AS
- Tax calculation sheet (for Form 15CB)
- DSC for uploading Form 15CB
- Remitter logs in to e-Filing portal
- Navigate to e-File > Income Tax Forms > File Form 15CA
- Choose appropriate Part (A, B, C, or D) depending on remittance type & amount
- Fill in remittance details, upload Form 15CB (if applicable)
- Submit and download the acknowledgment PDF
- Provide acknowledgment to bank for remittance processing
- CA logs into the e-Filing portal using CA login
- Navigate to e-File > Income Tax Forms > File Form 15CB
- Fill in details related to remittance, taxability, DTAA applicability, and TDS
- Submit the form using DSC
FAQs
Form 15CA is a declaration filed by the person making a payment to a non-resident, stating that taxes as per the Income Tax Act have been deducted on such payments. Form 15CB is a certificate from a Chartered Accountant certifying the correctness of tax deduction and compliance with tax laws for remittances chargeable to tax when exceeding ₹5 lakh in a financial year.
A Chartered Accountant files Form 15CB after certifying the payment details, TDS, and tax compliance before remittance to a non-resident individual or foreign company where tax is applicable and the aggregate exceeds ₹5 lakh.
Generally, remittances for imports or software purchases are exempt from requiring Forms 15CA/15CB under Rule 37BB provisions, as such payments fall outside the scope of these forms.
Non-compliance with filing Forms 15CA/15CB can lead to penalties, delayed clearance of payments by banks, and notices or scrutiny from the Income Tax Department.
Yes, Form 15CA may still be required even if no TDS is deducted, except for specified exempt payments under Rule 37BB.
No, separate Forms 15CA and 15CB are required for each remittance that meets the threshold and taxability criteria; remittances cannot be clubbed.
No, separate Forms 15CA and 15CB are required for each remittance that meets the threshold and taxability criteria; remittances cannot be clubbed.