15CA & 15CB Filing Services
What Are Form 15CA and 15CB?
Forms 15CA and 15CB are critical for remittances outside India, ensuring that tax compliance is met under Section 195 of the Income Tax Act, 1961 before transferring funds to a non-resident or foreign entity.
- Form 15CA: Self-declaration by the remitter confirming TDS deduction on foreign remittance, submitted on the Income Tax e-filing portal.
- Form 15CB: Certificate from a Chartered Accountant verifying the nature, taxability, and TDS deduction on foreign remittance—required in specific cases.
These forms are integral to RBI’s Liberalised Remittance Scheme (LRS) and are mandatorily required by banks before processing any foreign payment.
Why are Form 15CA and 15CB Important?
The forms are crucial for the following reasons:
- Legal compliance Mandatory for most foreign remittances under Section 195.
- Avoids penaltiesFailure to file can attract heavy penalties and scrutiny from tax authorities.
- Preventing Double Taxation:Ensures relief under DTAA provisions.
- Streamlined Processing:Banks require these forms before processing any international fund transfers.
Who Needs to File Form 15CA/15CB?
You need to file 15CA and/or 15CB if:
- You’re sending money abroad for:
- Legal compliance for most foreign remittances
- Avoids penalties and scrutiny from tax authorities
- Ensures DTAA (Double Taxation Avoidance Agreement) benefits
- Required by banks before processing international fund transfers
- You are:
- An individual, proprietor, company, LLP, or trust
- A resident making payment to a non-resident
When is Form 15CB Required?
| Condition | Form 15CB Required? |
|---|---|
| Remittance > ₹5 lakhs (non-exempt) | Yes |
| Remittance < ₹5 lakhs (non-exempt) | No |
| Exempted category under Rule 37BB (e.g. travel, student fees) | No |
| Remittance covered under DTAA | Yes (to validate treaty benefit) |
| Salary payments abroad | Yes |
When is Form 15CA & 15CB Required?
| Transaction Type | Form 15CA | Form 15CB |
|---|---|---|
| Taxable Remittances | Required | Required |
| Non-Taxable as per DTAA | Required | Required |
| Remittances below ₹5 Lakh (FY) | Required (Part A only) | Not Required |
| Specified Transactions (Rule 37BB) | Not Required | Not Required |
How to File Form 15CA and 15CB?
- Step 1: Log in to the Income Tax e-Filing Portal.
- Step 2: Navigate to e-File > Income Tax Forms > File Income Tax Forms.
- Step 3: Select Form 15CA and complete the declaration.
- Step 4: If Form 15CB is required, engage a CA to file the certification online.
- Step 5: Submit the forms and download the acknowledgment for records.
CACSFinacc 15CA/15CB Filing Process
- Initial Consultation: Assess nature of remittance and determine if 15CB is required
- Document Collection & TDS Computation: Review invoice, agreement, PAN of non-resident, DTAA applicability, and TDS rate
- Preparation & Filing of Form 15CB: Issued by ICAI-registered CA with UDIN and digital signature
- Generate & Submit Form 15CA (Part B/C/D): Based on 15CB or self-declaration, submitted online
- Delivery of Final Signed Forms: Shared with client and bank for processing the outward remittance
Penalties for Non-Compliance
- Failure to File Form 15CA/15CB: ₹1,00,000 under Section 271-I
- Incorrect Information: ₹10,000 under Section 271B
- Delayed Filing: Additional interest under Section 234E
Documents Required
- PAN and TAN of Remitter
- PAN of the Beneficiary (if applicable)
- Bank Details
- Invoice and Agreement Copies
- DTAA Certificate (if applicable)
- Foreign Bank Account Details
Recent Amendments for AY 2025-26
- Threshold Limit Revision: Remittances below ₹5 lakh in a financial year require only Form 15CA (Part A), not 15CB
- Real-Time Verification: Mandatory real-time PAN and TAN verification
- Electronic Submission Only: All submissions must be through the new Income Tax e-Filing Portal
- Pre-filled Details: Enhanced integration with the portal for auto-filling remitter and remittee details
- Integration with TDS Compliance: TDS details are auto-verified during Form 15CB certification
Why Choose CACSFinacc Services?
- Expert Filing: Seamless filing with zero errors
- DTAA Optimization: Maximize tax benefits under Double Taxation Avoidance Agreements
- End-to-End Support: From documentation to certification
- Bank Coordination: Hassle-free submission to authorized banks