15CA 15CB Filing

Form 15CA is a declaration by the remitter of foreign remittances, filed online to indicate the nature and purpose of remittance and whether tax has been deducted. Form 15CB is a certificate issued by a chartered accountant certifying the rate of TDS, withholding tax applicability, and details of the remittance.

These forms are required for foreign remittances (other than imports) where the amount exceeds ₹5 lakh in a financial year. Form 15CA is always required. Form 15CB is required when the remittance exceeds ₹5 lakh and is not covered by specified exemptions under Rule 37BB.

First, obtain Form 15CB from a chartered accountant after providing remittance details. The CA uploads the certificate on the income tax portal. Then, file Form 15CA online using the information from 15CB. Submit both forms to the authorized dealer bank before remittance.

Exempt remittances include those listed in Rule 37BB (28 categories) such as government remittances, pilgrimage remittances, payments for imports, dividends where DDT is paid, and payments to notified institutions. However, Form 15CA Part A may still be required for documentation.

Form 15CB includes remitter and recipient details, country of remittance, purpose code, nature of remittance, amount, relevant DTAA provisions, TDS rate applied, and CA's certification that tax has been properly deducted or is not applicable based on the nature of payment.

Non-compliance attracts penalties under Section 271I up to ₹1 lakh for failure to furnish 15CA, disallowance of expenditure if tax is not deducted, and potential prosecution. Banks will not process foreign remittances without these forms.

No, Form 15CA is not required for import of goods as it is covered under the exempted list. However, import of services requires Form 15CA/15CB if the amount exceeds ₹5 lakh and tax is not deducted under Section 195.

Yes, Part A of Form 15CA can be filed without 15CB for remittances up to ₹5 lakh or for exempt categories. However, Part C of 15CA (for remittances exceeding ₹5 lakh) requires a valid 15CB certificate number for filing.

Form 15CB is valid for the specific remittance it certifies. If remittance details change or additional amounts are remitted, a fresh 15CB is required. The certificate is not transferable and is specific to the remitter, recipient, and transaction.

Recent changes include simplified requirements where 15CB is not required for certain exempt remittances, digital submission through the income tax portal, integration with RBI reporting, and updated purpose codes aligning with international transaction reporting.