File Form 15CA and 15CB

What is Form 15CA and 15CB?

As per the Income Tax Act, any payment made by a resident to a non-resident needs to be reported. Such taxpayer needs to file Form 15CA and Form 15CB. These forms include details such as the nature of payment, tax deducted (TDS) on such payment, and applicable provisions of DTAA (Double Taxation Avoidance Agreement).

The Income Tax Department on Monday extended permission for submitting form 15CA/15CB manually with authorised dealer for the purpose of foreign remittance till July 15 against June 30, earlier
Tip
The Income Tax Department on Monday extended permission for submitting form 15CA/15CB manually with authorised dealer for the purpose of foreign remittance till July 15 against June 30, earlier

Form 15CA

It is a declaration wherein the person making payment to non-resident states that he has deducted the tax from any payments so made to the non-resident.

Form 15CB

It is the certificate issued by a Chartered Accountant certifying that the provisions of the Double Taxation Avoidance Agreement – DTAA and the Income Tax Act have been complied with in respect of tax deductions while making the payments. Here are the following details it includes:

  • Details and nature of payment made to a Non Resident
  • Compliance with Section 195 of the Income Tax Act
  • Rate of TDS deducted
  • Applicability of the Double Taxation Avoidance Agreement

Revised Rules for Submission of Form 15CA and 15CB

The income tax department has revised the rules relating to preparation & submission of Form 15CA and Form 15CB. The revised rules became effective from 1st April 2016.

  • Form 15CA and 15CB which does not require RBI approval will be not be required to be furnished by an individual for remittance.
  • List of payments of specified nature mentioned in Rule 37BB, which do not require submission of Forms 15CA and 15CB, has been expanded from 28 to 33 including payments for imports
  • Form No. 15CB will only be required for payments made to non-residents, which are taxable and if the payment exceeds INR 5 lakhs

Applicability of Form 15CA or 15CB

  • If the amount of remittance is not chargeable to tax, then no forms are required
  • If the remittance is covered under a specified exemption list, then only Part D of the Form 15CA is to be submitted
  • Where remittance is less than INR 5 lakh in a particular financial year – Only Form 15CA – Part A to be submitted
  • When remittance exceeds INR 5 lakh – Form 15CA – Part C and Form 15CB to be submitted
  • Where remittance exceeds INR 5 lakhs and a certificate under Section 195(2)/195 (3)/197 of the Income Tax has been obtained – Form 15CA – Part B to be submitted

How to File Form 15CA and 15CB?

  1. Login to the e-Filing portal

    Login to the e-Filing portal using valid credentials.

  2. File Income Tax Forms

    Click on e-File > Income Tax Forms > File Income Tax Forms

  3. Search Form 15CA or 15CB

    On the File Income Tax Forms page, select the Form 15CA or 15CB. Alternatively, enter Form 15CA or 15CB in the search box to file the form.

  4. Enter the required details

    Click on the get started on the next page. You will be redirected to the particular form you had chosen. Enter the details.

  5. e-Verify the Form

    After entering all the details, scroll down and click on the option to e-verify.

  6. Successful verification

    After successful e-Verification, a success message is displayed along with a Transaction ID and Acknowledgement Number.

FAQs

Who can use Form 15CB?

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

Is it mandatory to file Form 15CB before filing Form 15CA (Part C)?

Upload of Form 15CB is mandatory prior to filling Part C of Form 15CA. To prefill the details in Part C of form 15CA, the Acknowledgement Number of e-Verified Form 15CB should be verified.

Who is required to file Form 15CA?

As per Rule 37BB, any person responsible for paying to a Non-Resident, not being a Company, or to a Foreign Company shall furnish such information in Form 15CA.

Got Questions? Ask Away!

  1. Why the extension?
    As per the Income Tax Act of 1961, it was mandatory to submit Form 15CA/15CB electronically. However, taking into account the inconvenience of the taxpayers to furnish the forms electronically, it was decided that taxpayers could submit the Forms manually to the authorized dealer manually till 30th June 2021.
    However, the deadline has been further extended and taxpayers can submit the Forms manually till 15th July 2021.