Form 15CA/CB Filing are compliance documents required under the Indian Income Tax Act when making payments to a non-resident or a foreign company. They help the Indian government track foreign remittances and ensure that taxes are properly deducted at source (TDS) before sending money abroad.
Form 15CA – Declaration by the Remitter
This is a self-declaration by the person or entity making the foreign remittance.
- Who files it: The remitter (individual/company making the payment).
- Purpose: Declares whether the remittance is taxable in India and if tax was deducted.
- Filed on: The Income Tax Department’s online portal.
- When required: For most remittances outside India, whether taxable or not.
Parts of Form 15CA:
- Part A: When remittance is < ₹5 lakh in a financial year and is not taxable.
- Part B: When remittance is < ₹5 lakh and is taxable, and a certificate/order under section 195(2)/195(3)/197 is obtained.
- Part C: When remittance is > ₹5 lakh and is taxable, Form 15CB from a CA is required.
- Part D: When remittance is not taxable and is covered under Rule 37BB’s specified list of exemptions (like imports, travel, education abroad, etc.).
Form 15CB – Certificate by a Chartered Accountant (CA)
This is a certification from CA Services in Delhi regarding the taxability of the remittance.
- Who files it: A Chartered Accountant, after analyzing the remittance.
- Purpose: Certifies the nature of payment, applicable DTAA (Double Taxation Avoidance Agreement), TDS rate, etc.
- Required for: Taxable foreign remittances exceeding ₹5 lakh in a financial year.
- Filed before: Filing Part C of Form 15CA.
Summary Table
| Feature |
Form 15CA |
Form 15CB |
| Filed by |
Remitter (payer) |
Chartered Accountant |
| Purpose |
Declaration of remittance & TDS |
Certification of taxability |
| Threshold |
Mandatory for most remittances |
Required if remittance > ₹5 lakh & taxable |
| Filing Mode |
Online (Income Tax Portal) |
Uploaded digitally by CA |
| Linked to |
Based on Form 15CB for Part C |
Precedes Form 15CA Part C filing |
Exceptions (No 15CA/15CB needed)
No forms are needed for certain remittances listed under Rule 37BB, including:
- Imports of goods
- Travel expenses for individuals
- Business travel
- Education and medical treatment abroad
- Salaries and pensions to NRIs in some cases
Please let us know if you need help with filing or a specific scenario (e.g., paying a freelancer abroad, sending money to a relative, etc.).
Taxcellent assists you in filing Form 15CA/CB as required by banks for making foreign remittances.
