15CA/15CB Compliance for Foreign Remittances
- Determine whether your remittance to or from a non‑resident requires Form 15CA (all payments) and/or Form 15CB (payments >₹5 L).
- A qualified CA examines your transaction, validates tax treaty provisions, computes withholding tax, and issues Form 15CB.
- Complete and file the correct Part (A–D) of Form 15CA online, using the CA’s certificate or AO order if applicable.
- Identify transactions exempt under Rule 37BB, education remittances, small payments (<₹5 L), or RBI‑prescribed limits.
- Upload both forms on the Income‑tax e‑filing portal, obtain instant acknowledgments, and track compliance status.
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What Are Form 15CA & Form 15CB?
Whenever an Indian resident makes a payment to, or receives funds from, a non‑resident, the Income‑tax Act requires:
- Form 15CA: A self‑declaration of remittance details, filed online.
- Form 15CB: A Chartered Accountant’s certificate confirming correct tax withholding under Section 195.
Why These Forms Matter
- Section 195 Compliance: Ensures tax is deducted at source on cross‑border payments.
- Track Foreign Remittances: The tax department uses Form 15CA to monitor outward fund flows.
- Professional Assurance: Form 15CB confirms treaty provisions and tax rates are correctly applied.
- Penalty Avoidance: Failure or delay invites a ₹10,000 penalty per instance.
Who Must File?
| Form | Trigger |
|---|---|
| 15CA | Any sum paid to a non‑resident, regardless of taxability, unless expressly exempted (Rule 37BB). |
| 15CB | Taxable remittances > ₹5 L, unless exempt, or no AO order/certificate under Sec 195 exists. |
When You Don’t Need to File
- Small Remittances (< ₹5 L per FY) not subject to TDS (education, medical, personal).
- Payments explicitly exempt under Rule 37BB (e.g. advance against imports, embassy expenses).
- Transactions not requiring RBI approval and those covered by tax treaties without TDS.
Anatomy of Form 15CA & Form 15CB
Form 15CA:
- Part A: Remittances ≤ ₹5 L that are taxable
- Part B: > ₹5 L with AO order under Sec 195(2)/(3)/197
- Part C: > ₹5 L with CA certificate (15CB)
- Part D: Non‑taxable remittances
Form 15CB:
- Part A: Remitter & beneficiary details, nature of payment
- Part B: CA’s opinion on applicable tax provisions & DTAA articles
- Part C: CA’s certification of accuracy
What You’ll Need
- PAN of Remitter & Beneficiary
- Remittance Amount & Currency
- Nature & Purpose of Payment
- Relevant Tax Treaty & Section References
- Bank Account Details (IFSC, Branch)
- Auditor’s Certificate (Form 15CB) for taxable amounts > ₹5 L
How to File 15CA/15CB Online
- Assess Applicability: Confirm which parts of 15CA and/or 15CB apply.
- Obtain CA Certificate: Engage CA Vakeel to prepare Form 15CB (if required).
- Complete Form 15CA: Populate the correct Part (A–D) on the Income‑tax e‑filing portal.
- Upload & Submit: Attach the CA’s certificate or AO order, submit electronically.
- Acknowledge & Track: Download and archive your acknowledgment for future reference.
Our Expert Edge in 15CA/15CB Compliance
- Specialized Knowledge: In‑depth mastery of Sec 195, DTAA provisions, and FEMA exemptions.
- End‑to‑End Handling: From initial applicability check through CA certificate to e‑filing.
- Fixed‑Fee Transparency: No hidden charges, know your costs upfront.
- Deadline Monitoring: We track your remittance calendar to prevent lapses.
- Penalty Protection: Rigorous pre‑filing reviews to eliminate errors and avoid fines.
Ready to ensure your foreign remittances are fully compliant?
Contact CA Vakeel today and streamline your 15CA/15CB filings!