• Oct
  • 09
  • 2013

Revised Form 15CA as applicable from 01.10.2013 not yet available online

CA Sandeep Kanoi

CBDT has vide  Notification No. 67 of 2013, dated 2 September 2013 revised Rule 37BB of the Income tax Rules, 1962 related to  information which are required to be furnished by a person while making payment to a non- resident. This  information is required to be furnished in Form No. 15CA and a certificate from a Chartered Accountant  is required to be obtained in Form No. 15CB.Further, Form No. 15CA shall be furnished electronically on NSDL website and thereafter a signed copy (in physical form) shall be submitted prior to remitting the amount.

The revised Rule also empowers any tax authority to obtain a copy of Form 15CA from the remitting Bank for the purpose of any proceedings under the Act.

The Form 15CA & 15CB are revised by CBDT with effect from 1st day of October, 2013. As per the revision NSDL should have made available the revised form 15CA on its website and remitter has to get the Form 15CB   in new format as made applicable wef 01.10.2013 to be signed from his CA and submit to the Bank alongwith revised from 15CA,  from which he is getting money remitted.

But even after 8 days of coming into effect of news Form 15CA, NSDL has not yet uploaded the revised format of Form 15CA on its website for online upload of the same and there is no communication regarding the availability of the same neither from the CBDT nor from the NSDL.

Now the Remitter and banks are in a fix. Banks insist on revised Form 15CA and 15CB but since the same are not yet been made available online so remitter are unable to furnish the same. Many of the banks are either refusing to remit or asking to wait for revision of the form to remitter which is resulting in undue harassment and losses to the remitter.

CBDT and NSDL needs to issue a notification in this regard to s0on and save the Assessee/ Remitter from this undue harassment.

Download Revised format of 15CB as applicable from 01.10.2013 in word format (Submitted by CA S. Mahadeven)

Must Read -Revised form 15CA applicable from 01.10.2013 available on e-Filing portal 


8 Responses to “Revised Form 15CA as applicable from 01.10.2013 not yet available online”

  1. Bhasha Shukla says:

    One of my client who is an NRI sold his residential flat in India , giving rise to Capital Gain in India. He paid his tax liability as self assessment tax. Now he wanted to transfer the residual sale proceeds (i.e after payment of tax) which is presently lying in his NRO A/c to his NRE A/c.In This regards all the formalities have been complied. The only problem being faced by him is that while filing Form 15 CA TAN No.is compulsory along with PAN No. and he doesn’t have TAN No.

    Kindly suggest the remedies.

  2. Amar Agarwal says:

    Sincere request to you please let us clarify and provide the list in which category CA certificate is required in connection with payment to foreign vendor.

  3. Vaibhav says:

    I’d sent mail to ASK(ask@incometaxindia.gov.in) and TIN-NSDL(tininfo@nsdl.co.in), I got reply from TIN_NSDL saying “changes in the Form 15CA is under implementation. Till such time the new format of Form 15CA is available, you may furnish the details as per the existing Format available at TIN website.”

  4. Hema says:

    Hi Sir,
    Please clarify for this issue

    There was a advance received from foreign vendor $20,000 in the year of 2010, against to the as a company supplier materials worth of $10,000 & remaining no action took place.
    – Now the foreign vendor asking for the remaining $10,000 we are not in the position to supply materials(AS 3years gone).
    – Can I proceed with 15CA/15CB is it possible?

  5. Vipul says:

    Revised Form 15CA is available on e-Filing site “https://incometaxindiaefiling.gov.in” just like all other online Forms.

  6. V. Sivaraman says:

    From this action or is it in-action, it is established that one of the most inefficient web service provider INFOSYS has taken over this site also!!! They have no “aadhar” to be in this business of providing web service as can bee seen by users of MCA, Income tax and TDS-CPC.

  7. Devendra Deore says:

    Dear Sir,
    When Indian Bank debits amount payable by us to foreigh suppliers (such as deferred credit LC interest), we pay TDS on the amount of such interest debited by bank, but in such case is also required to submit form 15CA & CB.

  8. Mahesh says:

    Kindly check the attached form with the notofied form once again

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