What Are Forms 15CA & 15CB?

• Form 15CA: A mandatory declaration of remittance to non-residents required under Section 195/Rule 37BB. It reports details of foreign payments—even if non-taxable Wikipedia+14Income Tax Department+14Tradeviser+14.

• Form 15CB: A Chartered Accountant’s certificate, required only when the remittance is taxable and exceeds ₹5 lakh in a financial year, INRI+4Income Tax Department+4HDFC Life+4.

✅ When Each Form Applies

🗓️ Timeframes & Penalties

• No fixed deadline, but must be filed before remittance Income Tax Department+1CAclubindia+1.

• Can withdraw Form 15CA within 7 days after submission, Income Tax Department+15Income Tax Department+15iNRI+15.

• Penalty for non-filing or errors: Up to ₹1 lakh per transaction under Section 271I HDFC Life+2HDFC Life+2Figment+2.

🧾 Filing Requirements

A) Form 15CA

Prepare and upload online via the Income Tax e-Filing portal:

• Identify appropriate part (A–D) INRI+12Income Tax Department+12Income Tax Department+12.

• Provide remitter/remittee details, purpose, tax status, etc.

• E-verify using DSC or EVC Groww+6Income Tax Department+6HDFC Life+6Income Tax Department+3Income Tax Department+3iNRI+3.

B) Form 15CB (if required)A 

Chartered Accountant must:

• Be registered on the portal; use the registered DSC.

• Certify TDS amount, DTAA provisions, etc.

• Submit online before generating the ARN for Form 15CA Part‑C Groww+4CAclubindia+4Income Tax Department+4Wikipedia+15Income Tax Department+15Income Tax Department+15.

🌐 Online Procedure (Step-by-Step)

1. Log in to the Income Tax e-Filing portal.

2. Under E‑File → Income Tax Forms, choose Form 15CB:

   • CA completes and e‑verifies the certificate.

   • ARN is generated by HDFC Life+9Income Tax Department+9Kotak Life+9HDFC Life.

3. Navigate to Form 15CA:

   • For Part C, enter the CA’s ARN to auto-fill details.

   • Complete the remaining fields.

   • E-verify and submit INRI Income Tax Department+3Income Tax Department+3HDFC Life+3.

4. Download PDFs and ARNs, and submit to your bank/Authorized Dealer along with remittance request, S Lohia & Associates.

For Parts A/B/D, you can fill 15CA directly, no CA involvement needed.

📄 Documents You’ll Need

•  

  PAN of both remitter & remittee

• Invoice/payment agreement & purpose

• Tax Residency Certificate (if claiming DTAA benefits)

• Form 10F (if applicable)

• Bank account details

• 15CB certificate (for taxable remittance over ₹5 lakh)

⚠️ Common PitfallFiling

• The incorrect part of Form 15CA

• Filing 15CA before obtaining 15CB when required

• Misalignment between 15CA & 15CB details

• Overlooking exceptions under Rule 37BB that exempt certain payments, Income Tax Department+15HDFC Life+15Income Tax Department+15HDFC Life+6Figment+6iNRI+6.

🎯 Why Compliance Matters

1.  

   Ensures bank processing without delays

2. Legally proves tax deduction or exemption

3. Protects your business from ₹1 lakh penalties per transaction

✅ Summary

• Fill out 15CA for all foreign remittances, selecting the correct part.

• Obtain 15CB only if remittance > ₹5 lakh & taxable.

• File both before remittance, track ARNs, and provide to the bank.

• Missing steps can lead to remittance delays and penalties.

Want help with filing, form templates, or a compliance checklist? Just say the word!