CBDT further relaxes e-filing of Forms 15CA/15CB

The Central Board of Direct Taxes (CBDT) vide Press Release dtd. 20^th July, 2021, has granted relaxation in filing of forms 15CA & 15CB in view of the difficulties faced by the taxpayers in filing the said forms on the new Income Tax portal.

Taxpayers are required to submit form 15CA, along with Certificate of a CA in form 15CB (wherever applicable) on the e-filing portal, before submitting a copy to the Authorized Dealer (AD) for any foreign remittance.

Relaxation: The taxpayers can submit the aforesaid forms in manual format to the AD till 15^th August, 2021 (earlier it was extended up to 15^th July, 2021). Further, it has also been clarified by CBDT that a facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generating Document Identification Number.

What is Form 15CA & 15CB? 

As per Section 195 of the Income Tax Act, 1961, tax is required to be deducted for any sum which is taxable under the Income Tax Regime. So, when a person desires to make any payment or remit any money to a non-resident (including foreign companies), the bank will check whether the tax was paid or not.

For that purpose, the remitter making payment to non-resident furnishes an undertaking in Form 15CA containing the information relating to payment of such sum along with certificate of a Chartered Accountant in Form 15CB, wherever required.

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Ministry of Finance

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB

Posted On: 20 JUL 2021

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer for any foreign remittance.

In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in, it had earlier been decided by CBDT that taxpayers could submit Forms 15CA/15CB in manual format to the authorised dealer till 15^th July, 2021.

It has now been decided to extend the aforesaid date to 15^th August, 2021. In view thereof, taxpayers can now submit the said Forms in manual format to the authorized dealers till 15^th August, 2021. Authorized dealers are advised to accept such Forms till 15^th August, 2021 for the purpose of foreign remittances. A facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generation of the Document Identification Number.