Filing FORM 15CA and 15CB, Income Tax Forms 15CA/15CB Filing

Form 15CA, Form 15CB, [Forms 145 & 146 under new Act] – Foreign Remittance Compliance in India

Cross-border remittances from India are subject to various tax and regulatory requirements under the Income-tax Act, FEMA and RBI regulations. In many cases, remitting funds outside India requires compliance with prescribed reporting and certification requirements before the authorised dealer bank processes the transaction.

At EzyBiz India Consulting LLP, we assist resident individuals, companies, LLPs, partnership firms, trusts and other entities in obtaining Form 15CB certification, filing Form 15CA, and advising on the revised compliance framework, including Forms 145 and 146 under the Income-tax Act, 2025.

Our professionals also advise on taxability under Section 195, withholding tax, Double Taxation Avoidance Agreements (DTAA), FEMA implications and RBI regulations to ensure smooth and compliant foreign remittances.

Why Choose EzyBiz India?

International remittances involve more than simply obtaining a Chartered Accountant’s certificate. Every transaction requires careful evaluation of taxability, withholding tax obligations, applicable DTAA provisions and FEMA compliance before funds are remitted outside India.

Our professionals assist clients with:

✔ Form 15CA filing

✔ Form 15CB certification

✔ Forms 145 & 146 advisory under the new Income-tax Act

✔ Taxability under Section 195

✔ DTAA analysis

✔ FEMA & RBI compliance

✔ Lower or Nil withholding certificate advisory

✔ Cross-border payment documentation

✔ Coordination with authorised dealer banks

✔ End-to-end support until remittance is completed

Our Foreign Remittance & Certification Services

We provide comprehensive advisory and certification services for individuals, businesses and multinational organisations making overseas remittances from India.

Our services include:

  • Form 15CA filing for foreign remittances.
  • Form 15CB certification by Chartered Accountant.
  • Advisory on Forms 145 and 146 under the Income-tax Act, 2025.
  • Taxability analysis under Section 195.
  • Withholding tax computation.
  • DTAA analysis and treaty benefit advisory.
  • FEMA and RBI compliance review.
  • Lower or Nil withholding certificate advisory.
  • Certification for royalty, technical services, dividends and interest payments.
  • Advisory for import payments, business payments and other cross-border remittances.
  • Coordination with Authorised Dealer (AD) Banks.
  • End-to-end support from document review to successful remittance.

What is Form 15CA and 15CB?

What are Form 15CA and Form 15CB?

Form 15CA is an online declaration required to be furnished by a remitter before making certain payments to a non-resident outside India. It enables the Income Tax Department to monitor foreign remittances and ensure compliance with withholding tax provisions.

Form 15CB is a certificate issued by a Chartered Accountant certifying the taxability of the proposed remittance, the applicable rate of tax deduction, eligibility under the Double Taxation Avoidance Agreement (DTAA), and compliance with the relevant provisions of the Income-tax Act.

Depending upon the nature and amount of the remittance, Form 15CA may be required with or without Form 15CB.

Both Form 15CA & 15CB are uploaded online.

List of Documents required for issuing form 15CB

Download Ebook - FORM 15CA - 15CB
Contact Form

List of Information required for issuing form 15CA and CBFollowing Information are normally required in order to prepare and upload form 15CA and 15CB:

  • Name of Remitter
  • PAN of Remitter
  • TAN of Remitter
  • Name & Address of recipient or Beneficiary of Remittance
  • PAN of recipient of Remittance
  • Country to which remittance made
  • Currency in which remittance made
  • Amount of remittance in foreign currency
  • Amount to be transferred in Indian Rupees
  • Name of Bank transferring money
  • Name of Branch of Bank making remittance
  • BSR Code ( 7 digit code) of Bank Branch  making remittance
  • Proposed date of remittance
  • Amount of TDS in foreign currency
  • Amount of TDS in Indian Rupees
  • Rate of TDS as per Income Tax Act
  • Actual amount of remittance after TDS in foreign currency
  • Actual amount of remittance after TDS in Indian currency
  • Date of deduction of Tax at Source
  • Nature of remittance
  • In a case of remittance is net of tax, whether tax payable has been grossed up. give computation of grossing up
  • Email address of remitter
  • Phone no. of remitter with STD code
  • Email address of recipient of remittance
  • Phone no. of recipient of remittance

Different Parts of Form 15CA

Form 15CA has been divided into 4 parts i.e. Part A, B, C & D depending upon an amount of remittances and other circumstances.

A-  is used when the remittance is chargeable to tax as per Income Tax Act, 1961 (“the Act”) and an aggregate amount of remittances does not exceed Rs 5 lac during the FY.

B – is used when the remittance is chargeable to tax as per the Act and the aggregate amount of remittances does not exceed Rs 5 lac during the FY AND an order/ certificate u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer.

C-  is used when the remittance is chargeable to tax as per the Act and the aggregate amount of remittances exceed Rs 5 lac during the FY AND certificate from CA (or Accountant) in form 15CB has been obtained.

D– is used when the remittance is not chargeable to tax as per the Act.

 

When are Form 15CA and Form 15CB Not Required?

Rule 37BB of Income Tax Rules prescribes conditions where no forms 15CA CB are required. These are given as under:

  1. When Advance Payment has to be made against import
  2. Where Payment is made towards import-Settlement of Invoice
  3. At time of Imports by diplomatic missions
  4. In case of Intermediary Trade
  5. In case of Import below Rs. 5,00,000/-

 Circumstances when no Form 15CA/15CB are required

  1. When the aggregate value of remittances during the financial year does not exceed Rs. 5 lakhs, Form 15CB will not be required.
  2. Where order/certificate of lower/no deduction is taken from the Jurisdictional Assessing Officer us 195(2), 195(3), 197 of the Act.
  3. When the remittance is not chargeable to tax.

Penalty for Non-Compliance

Failure to comply with the prescribed reporting requirements may attract penalties under the Income-tax Act. Accordingly, taxpayers should evaluate the applicability of Form 15CA and Form 15CB before initiating any foreign remittance.

Penalty in case of default In case of default of non-filing for forms 15CA/CB, penalty of Rs. 1 lakh will be applicable

Can Form 15CA and 15CB be withdrawn once uploaded? 15CA can be withdrawn within 7 days of submission of the online form. However, at present, there is no option to withdraw form 15CB.

Common Foreign Remittances Requiring Form 15CA / Form 15CB

We regularly assist clients in obtaining Form 15CA and Form 15CB for a wide range of overseas remittances, including:

  • Import of services
  • Royalty payments
  • Technical service fees
  • Software licence payments
  • Foreign consultancy fees
  • Commission payments
  • Dividend remittances
  • Interest payments
  • Repatriation of sale proceeds by NRIs
  • Property sale remittances
  • Investment outside India
  • Overseas branch or subsidiary funding
  • Foreign education and professional payments (where applicable)

 

Frequently Asked Questions (FAQs)

1. When is Form 15CA required?

Form 15CA is generally required before making certain payments to a non-resident. The applicability depends on the nature of the remittance, taxability under the Income-tax Act and the prescribed reporting requirements.

2. Is Form 15CB mandatory for every foreign remittance?

No. Form 15CB is required only in specified cases. Its applicability depends on factors such as the amount of remittance, taxability of the payment and the applicable provisions of the Income-tax Act.

3. What is the difference between Form 15CA and Form 15CB?

Form 15CA is a declaration filed by the remitter, whereas Form 15CB is a certificate issued by a Chartered Accountant certifying the taxability of the remittance and compliance with the applicable tax provisions.

4. What are Forms 145 and 146?

Forms 145 and 146 are the corresponding forms introduced under the Income-tax Act, 2025 as part of the revised compliance framework for specified foreign remittances.

5. How long does it take to obtain Form 15CB?

The timeline depends on the availability of documents and the complexity of the transaction. Once complete information is received, the certification process is generally completed promptly.

6. Can DTAA benefits be claimed while issuing Form 15CB?

Yes. Where applicable, relief under the relevant Double Taxation Avoidance Agreement (DTAA) may be considered while determining the applicable withholding tax, subject to fulfilment of the prescribed conditions.

7. What documents are required for Form 15CB?

Typically, documents such as invoices, agreements, remittance details, PAN, tax residency documents (where applicable), and supporting records relating to the transaction may be required.

8. Do you coordinate with banks for foreign remittances?

Yes. We regularly assist clients in coordinating with Authorised Dealer (AD) Banks to facilitate smooth processing of foreign remittances.

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Ready to Make a Foreign Remittance?

Whether you are an individual, NRI, Indian company or multinational enterprise, our professionals can assist you with tax analysis, Form 15CA filing, Form 15CB certification and complete foreign remittance compliance.

Contact EzyBiz India Consulting LLP today.

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