Basic Understanding on Form 15CA and 15CB

What is form 15CA?

As per Section 195, every person making a payment to Non-Residents whether individual, or  a Foreign Company, shall deduct TDS if such sum is chargeable to Income Tax and the details are required to be furnished in Form 15CA.

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What are different types of Form 15CA?

The furnishing of information for payment to Non-Residents whether individual, or  a Foreign Company in Form 15CA has been classified into 4 parts. The different types of form 15CA are as under:

Who is required to file Form 15CA?

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

Is it mandatory to submit Form 15CB?

No, it is not mandatory to submit Form 15CB. Form 15CB is an event-based form to be filled only when the remittance amount exceeds ₹5 lakh during a financial year and a person is required to furnish a certificate from an accountant defined as per Section 288.

Can Form 15CA be withdrawn?

No, there is no option to withdraw Form 15CA

When is Form 15CAnot required to be furnished?

In accordance with sub-rule (3) of Rule 37BB of Income Tax Act, 1961, information in Form 15CA is not required to be furnished in case of following transactions:

What is Form 15CB?

Form 15 CB is Form which is required to be signed by a Chartered Accountant. This is a certification regarding rates and type of taxes to be paid by a person making remittances.

What are the cases where Form15CB is not required?

List of payments where there are no requirement of form 15CB:

Purpose code as per RBI Nature of Payment
S0001 Indian investment abroad -in equity capital (shares)
S0002 Indian investment abroad -in debt securities
S0003 Indian investment abroad -in branches and wholly owned subsidiaries
S0004 Indian investment abroad -in subsidiaries and associates
S0005 Indian investment abroad -in real estate
S0011 Loans extended to Non-Residents
S0202 Payment- for operating expenses of Indian shipping companies operating abroad.
S0208 Operating expenses of Indian Airlines companies operating abroad
S0212 Booking of passages abroad -Airlines companies
S0301 Remittance towards business travel.
S0302 Travel under basic travel quota (BTQ)
S0303 Travel for pilgrimage
S0304 Travel for medical treatment
S0305 Travel for education (including fees, hostel expenses etc.)
S0401 Postal services
S0501 Construction of projects abroad by Indian companies including import of goods at project site
S0602 Freight insurance – relating to import and export of goods
S1011 Payments for maintenance of offices abroad
S1201 Maintenance of Indian embassies abroad
S1 202 Remittances by foreign embassies in India
S1301 Remittance by non-residents towards family maintenance and-savings
S1302 Remittance towards personal gifts and donations
S1303 Remittance towards donations to religious and charitable institutions abroad
S1304 Remittance towards grants and donations to other Governments and charitable institutions established by the Governments.
S1305 Contributions or donations by the government to international institutions
S1306 Remittance towards payment orrefund of taxes
S1501 Refunds or rebates or reduction in invoice value on account of exports
S1503 Payments by residents for international bidding

What is the mandatory information required for filing Form 15CA/CB?

Details of Remitted

Details of Remittee

Details of the remittance

Bank details of the remitter


Documents from the remittee

Taxcellent helps you in filing form 15CA/CB form making foreign remittances and Income Tax Return Filing in Delhi India.

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