CA Manish S. Savalkar

1. Why Form 15CA?

Form 15CA is a Declaration of Remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This is starting of an effective Information Processing System which may be utilized by the Income tax Department to independently track the foreign remittances and their nature to determine tax liability. Authorised Dealers/ Banks are now becoming more vigilant in ensuring that such Forms are received by them before remittance is effected since now as per revised Rule 37BB a duty is casted on them to furnish Form 15CA received from remitter, to an income-tax authority for the purposes of any proceedings under the Income-tax Act.

2. Whether Form 15CA has to be submitted in all cases since the Bankers demand it invariably?

In this regards the attention is invited to the Headings of the Form which provides as under:

“Information to be furnished for payments, chargeable to tax, to a non-resident not being a company, or to a foreign company”

“(To be filled up if the remittance is chargeable to tax and does not exceed fifty thousand rupees and the aggregate of such remittances made during the financial year does not exceed two lakh fifty thousand rupees)”

(Underlined for emphasis)

As can be seen from above the Form clearly states that it needs to be filled only if the remittance is chargeable to tax in India. Therefore on the first blush it appears crystal clear that Form 15CA is not required to be filled if the remittance/ payment to non-resident are not chargeable to tax. However the confusion has been created to Banks since a list As per Income Tax (Fourteenth Amendment) Rules, 2013, No reporting in Form 15CA and 15CB is to be made in case of the following nature of foreign remittances w.e.f 01.10.2013 has been provided in Rule 37BB.

SPECIFIED LIST  

Sl. No. Purpose code as per RBI Nature of Payment (3)
1 S0001 Indian investment abroad -in equity capital (shares)
2 S0002 Indian investment abroad -in debt securities
3 S0003 Indian investment abroad -in branches and wholly owned subsidiaries
4 S0004 Indian investment abroad -in subsidiaries and associates
5 S0005 Indian investment abroad -in real estate
6 S0011 Loans extended to Non-Residents
7 S0202 Payment- for operating expenses of Indian shipping companies operating abroad.
8 S0208 Operating expenses of Indian Airlines companies operating abroad
9 S0212 Booking of passages abroad -Airlines companies
10 S0301 Remittance towards business travel.
11 S0302 Travel under basic travel quota (BTQ)
12 S0303 Travel for pilgrimage
13 S0304 Travel for medical treatment
14 S0305 Travel for education (including fees, hostel expenses etc.)
15 S0401 Postal services
16 S0501 Construction of projects abroad by Indian companies including import of goods at project site
17 S0602 Freight insurance – relating to import and export of goods
18 S1011 Payments for maintenance of offices abroad
19 S1201 Maintenance of Indian embassies abroad
20 S1 202 Remittances by foreign embassies in India
21 S1301 Remittance by non-residents towards family maintenance and-savings
22 S1302 Remittance towards personal gifts and donations
23 S1303 Remittance towards donations to religious and charitable institutions abroad
24 S1304 Remittance towards grants and donations to other Governmentsand charitable institutions established by the Governments.
25 S1305 Contributions or donations by the Government to international institutions
26 S1306 Remittance towards payment or refund of taxes.
27 S1501 Refunds or rebates or reduction in invoice value on account of exports
28 S1503 Payments by residents for international bidding”.

Therefore no Form 15CA and 15CB are required in the abovementioned 28 nature of foreign remittances.

3. What stand customer can take if Bank demand Form 15CA but service is not taxable?

In such cases, the possible recourse is to submit a declaration in form of a note to Bank stating the nature of remittance and reason as to why it is not chargeable to tax and consequently exempted from the submission of Form 15CA.

4. Why Form 15CB?

The answer is Form 15CB. Chargeability can be ascertained and certified by obtaining the Certificate from a Chartered Accountant in Form no. 15CB. This certificate has been prescribed under Section 195(6) of the Income tax Act and is an alternate channel of obtaining Tax clearance apart from Certificate from Assessing Officer.

Perusal of Form 15CB makes it clear that there is no condition or exemption to obtain such certificate when the remittance is not chargeable to tax. In fact this Form 15CB is the Tax Determination Certificate where the Issuer CA examines the remittance having regard to chargeability provisions under Section 5 and 9 of Income tax Act along with provisions of Double tax Avoidance Agreements with the Recipient’s Residence Country. Therefore in my opinion, it is advisable to obtain 15CB even in cases where 15CA is not mandated. Though there is no penal provision prescribed in the Act if such Certificates in Form 15CB and Declaration in Form 15CA are not obtained, but it is in the interest of Assessee to have a tax determination in Form 15CB from a CA, since Non-resident taxation involves various complex issues and the consequences of Non deduction are severe.

5. Once it is ascertained that Form 15CA and 15CB have to be made then one should ascertain the part of Form 15CA to be filled by the assessee, by reading the following extracts of Amended Rule 37BB; 

Rule 37BB. (1) Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest or salary or any other sum chargeable to tax under the provisions of the Act, shall furnish the following, namely:

(i) the information in Part A of Form No.15CA, if the amount of payment does not exceed fifty thousand rupees and the aggregate of such payments made during the financial year does not exceed two lakh fifty thousand rupees;             

(ii) the information in Part B of Form No.15CA for payments other than the payments referred in clause (i)

6. Information to be required from the client 

A. Details of Remitter  

1. Name of the Remitter

2. Address of the Remitter

3. PAN of the  Remitter

4. Principal Place of Business of the Remitter

5. E-Mail Address and Phone No. Of Remitter

6. Status of the Remitter (Firm/Company/Other)

B.  Details of Remittee

1. Name and Status of the Remittee

2. Address of the Remittee

3. Country of the Remittee (Country to Which Remittance Is Made)

4. Principal Place of the Business of the Remittee

C.  Details of the Remittance

1. Country to Which Remittance Is Made

2. Currency in Which Remittance Is Made

3. Amount of Remittance in Indian Currency

4. Proposed Date of Remittance

5. Nature of Remittance as Per Agreement (Invoice Copy to Be Asked From Client)

D Bank Details of the Remitter     

1. Name of Bank of the Remitter

2. Name of Branch of the Bank

3.  BSR Code of the Bank

E.  Others 

1. Father’s Name of the Signing Person

2. Designation Of The Signing Person

F      a. Form 10f Duly Filled By the Authorised Person Of The Remittee.

b. Tax Residency Certificate From The Remittee (Tax Registration Of The Country In Which Remittee Is Registered)

c. Certificate That The Remittee Does Not Have Any Permanent Establishment In India. This Is Mandatory If The Income Is A Business Income And Not Chargeable To Tax As Per DTAA If There Is No P.E In India.

This Is Required If Any Benefit Under DTAA Is Taken, Whether By Way Of Lower Rate Of Deduction Of Tax At Source Or No Deduction Of Tax At Source As Per DTAA.

This Is Required If Any Benefit Under DTAA Is Taken, Whether By Way Of Lower Rate Of Deduction Of Tax At Source Or No Deduction Of Tax At Source As Per DTAA.

7. What are the impacts of new Rule (applicable from 1st October, 2013)?

a.     Department added 28 types of payments for which no information is required to be furnished at all.

b.    Form 15CB is not required where Part A of Form 15CA is to be filled in, i.e., in case of small payments.

c.     In case of other payments, it appears that either an order or a certificate of the Assessing Officer u/s. 197/195(2)/195(3) must be obtained, or a certificate of the Chartered Accountant should be obtained.

d.    Sub-rule (2) of the revised Rule 37BB mandates that Form 15CA shall be furnished to the authorised dealer prior to remitting the payment.

e.     The revised Rule 37BB casts a duty on the authorised dealer to furnish Form 15CA submitted by the remitter to an income-tax authority for the purposes of any proceedings under the Income-tax Act.

f.     The revised Forms state that in the absence of the PAN of the recipient, provisions of section 206AA shall apply.

g.    The revised Form 15CB requires detailed enumeration of the taxability of the amount under the Income-tax Act, without giving any effect to the DTAA. Where DTAA provisions are sought to be applied, the details of the Tax Residency Certificate, applicable DTAA and its relevant article, as also tax liability under the DTAA are to be furnished.  The nature of remittance is divided as — for royalties, FTS, interest, dividend; on account of business income; on account of short-term and long-term capital gains; and any other remittance.

(The author can be reached at manish.savalkar@gmail.com or on +91 9833862440 for any queries)

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111 responses to “All about form 15CA & Form 15CB”

  1. sakshi says:

    I m non resident and i want to send 15k from my nro account in india to canada for my son for education .My bank ask for 15ca . Please guide me in which Part A,B,C OR D I fill form 15ca

  2. SSN says:

    I am a US Citizen with an OCI. Recently I sold some stocks in my NRO account, obtained forms 15 CA and 15 CB from my CPA. However the bank is asking for the bank passbook entry from where the purchase was made several years ago. Is this query by bank common among all banks. As I understand it Form 15CA and CB should be enough to move funds from NRO to NRE account. Any advice is appreciated.

  3. Kiran says:

    Hi,

    I’m a US citizen having OCI. I have a fully paid apartment in India. I would like to avail NRI home loan against this property from ICICI or any other Indian Bank which would be deposited into my NRO account. I would like to move this loan amount from NRO to NRE account and repatriate to US $ for some purpose here in US.

    Steps:
    ——
    • Have NRO and NRE account with ICICI Bank
    • Avail NRI home loan against the property and the amount would be deposited into NRO Account.
    • Request bank to move the money from NRO to NRE account and repatriate to US $ account.
    • ICICI Bank will know the source of fund for NRO account (from loan against property) and will have all supporting documentation

    Is there a need to go through CA to complete 15CA and 15 CB forms to complete the formalities as there is no sale of property or TDS or any capital gain?
    Is there any other formalities that I need to be aware to complete the whole process?

    Please let me know. Thanks in advance.

    Regards,
    Kiran

  4. shashank saraswat says:

    while filling form 15cb name of ca and address not shown in utility form/

  5. vyshnavi says:

    Do we get any Books on Form 15 CA and CB in the market? If yes please specify the Name of the Book.

  6. I have a NRO NON-PIS Demat account with Axis Direct.
    For Buying shares, I was charged the normal brokerage+Sevice tax+STT.
    However, when I sold the shares, they are telling me that the payout to my NRO Account will happen only on paying Rs2000+Service Tax as per 15CA and 15CB. Please let me know if the amount Rs 2000/- has to be paid everytime I sell and they have to make a payment back to my NRO account.
    I am a Seafarer, Indian Nationality, residing in India, and Financially an NRI.

  7. Manish says:

    Hello Sir,
    I am new to these TAX scenarios and need your advice as different people are saying different things to me.
    I am immigrating to Australia and want to take money to Australia.My account has income from my salary only and no other income.
    Bank has asked to to get form 15ca/cb and then only they can transfer the amount to my AUS account.
    I have also read that traveller cheques are better options, so instead of online transfer which requires form15ca/cb , should i go for the traveller cheques.
    amount which needs to be transfer is 35 lac.
    please help me in this

    • Rakesh Kumar Singhal says:

      Is is necessary to deduct and deposit the TDS before issuing form 15CB. If yes, under which rules so that i may read the same.

  8. vivek kumar says:

    Dear Sir,
    we have to remit amount to travelling agent in itlay for travelling exp and hotel booking exp.
    so 15 ca/cb is required or not ?? or tds to be deducted or not ??

  9. Suresh Maurya says:

    Hi, I’m trying for Immigration for AUS and my consultant has a appointed a lawyer in AUS to take care of my application. Now, I need to transfer 500 AUD for my skill assessment to the lawyers as they will file my case there. They are saying to remittance the amount but my bank is now asking me for 15CA/CB. I checked with my consultant and he mentioned that it is non-taxable as I’m not paying salary to the lawyer. Can anyone help me on this as this is really confusing for me.

  10. Shopz India says:

    Hello Sir,
    We are indian based company selling our product on amazon in United Kingdom. We are taking service of a UK based company which files UK VAT for us. Now we have to pay this UK company for their services. Now whether we require to submit 15CA/CB or not.

  11. Shopz India says:

    Hello Sir,
    We are indian based company selling our product on amazon in United Kingdom. We are taking service of a UK based company which files UK VAT for us. Now we have to pay this UK company for their services. Now whether we require to submit 15CA/CB or not.

  12. snehal says:

    i have an event management co which is a proprietor co. if i hire the services of an event co. abroad for an event in tht country and i need to remit payment against an invoice generated by them for the same, kindly advise what documents i need to submit to the bank for the same,

  13. shyamje says:

    Sir please advice me whether from 15ca 15 cb have to submit if we need to make remittance to NRI towards commission on export sale.

  14. v.s.sankar says:

    iS IT NOT A FACT THAT THE REMITTANCE IS FROM A COMPANY IN INDIA AND ANOTHER COMPANY IS SINGAPORE WHICH REPRESENTS A TRADE PAYMENT?

  15. PVM RAO says:

    I have sold house property in India for Rs.30 lacs and got capital gain of Rs.10.93 lacs. The purchaser has not deducted any tax from the payments made to me. I myself has paid the Capital Gains tax of Rs.1.75 lacs and now I want to transfer the money to USA where I am residing. When I went to Bank for transfer the money, the Banker has asked me to submit Form 15CA & CB. When I go through Form 15CA, it asks all the details regarding the Remitter. Now my query is who is the remitter and whose particulars should I given in Form 15CA

    • neerja sarda says:

      remitter and remittee will the same person

    • v.s.sankar says:

      Hope you have successfully repatriated the sale proceeds from your NRO A/c. In your case, as tax has already been paid, Form 15CB signed by CA along with the evidfence of having paid the tax will suffice for AD to make the remittance from your NRO A/c to your bank account in the country of residence.

  16. Ashima Kakkar says:

    We are procuring raw material for our company so we have to file FORM 15CA/CB at the time of payment??

  17. kiran kumar says:

    individual

  18. kiran kumar says:

    what exactly you want? yeshwant

  19. B Jayakumar says:

    We need to make a remittance to buy spare parts for a machinery for our ship. Do we need 15CA and CB in this case

  20. Hemant Patel says:

    Hi Sir,

    I sold my property in India around 3 years a go, Invested money in NHAI bond to get rebate on capital gain tax, tax was deducted on source when interest was earned. Now I want to transfer money from my NRO account to NRE account, I invested 47 lakhs.

    Do I have to submit 15CA & 15CB? if yes what will be cost of each form?

    Kind Regards,
    Hemant.

    • Megha says:

      Yes. Form 15CA & CB is to be submitted. But as an initial step you have to file income tax return for the year when capital gain had arisen and also for the years when you received interest on bonds. These will be the pre requirements which every CA will ask for, before they certify Form 15CB.

      There is no Govt fee for submission of the forms. However CA will charge for his services and for certification which depends on the complexity of the issue. Fee may range from 2,500 – 5,000.

  21. Vivek says:

    Q1.
    I need to transfer my earnings ( all Indian taxes duly paid) from when I was resident in India from my NRO account to NRE account.
    DO I need form 15CA and CB if the funds are to be used to pay my loadn for property I bought in US or to pay for living expenses of self and family

    Q2.
    Can I transfer my funds from NRO to NRE account and then open fixed deposits in the NRE account to be tax efficient or any money transferred from NRO to NRE account needs to be necessarily repatriated to foreign account.

  22. YESHWANT AMBADAS KOLI says:

    I AM IMPORTER RE SELLER DEALER BUT TOBE LIABLE FORM NO 15CA AND 15CB TO ME PLEASE IMFORM ME THANKING YOU

  23. YESHWANT AMBADAS KOLI says:

    WE ARE ATHORISED IMPORTER RESELLER DEALER .FORM NO 15CA AND 15CB APPLICABLE TO ME.

  24. subash chandra says:

    whether form 15ca and 15cb is required if the amount is debited from my EEFC a/c please clarify

  25. Kanpariya Ajay says:

    I Have one query to ask

    one of my friend is resident at Paris since last 10year and had opt Green Card, as my friend want to purchase as row house in Paris he is in need to fund. His Father from India is willing to provide him 25000 UD pounds as help.
    This amount is given as 0 % interest loan

    will my Friends Father (Uncle) required to Submit from 15CA and 15CB.?
    will My Uncle need to Show this amount as Loan with Deed Interest?

  26. HARSHIT says:

    SIR PLEASE ADVISE ME NEW RULES FROM 15 CA & 15 CB

  27. vidyalakshmi says:

    There are changes in 15CB/CA forms from april 2016 onwards.. i need a detailed clarifiction regardingd when part a and when part b should be filled?

  28. PANKESH says:

    Hi Sir/Ma’am,

    I am running a tour and travel comp. “revolveholidays.com” I need to make payment in Singapore in Singapore Doller (SGD). Do i need to file 15CA and 15CB?
    As my amount is just 400 Sgd, also let me know the free transaction limit.

    Regards,
    PANKESH

    • Praveen Kumar says:

      since you are paying to a non resident you are ought to file Form no. 15 CA. The reason is that your payment is chargeable to tax in India since you are doing business in India. Though your payment is less you should file form no. 15 CA Part – A.

  29. Amit Singhania says:

    Hi All,

    I am staying in London and my parents in India and they are gifting me money and sending money to UK via Wire/Swift transfer from their Resident Account to my accounts in UK (I am not a India resident). They are gifting money for my deposit to buy house in London.

    My parents having account with Punjab National Bank and Central Bank of India. They visited to branch and Banks said that parents need to fill up “Form 2A” and “FEMA Declaration” and “Form15CA and Form15CB” . My worry is that we dont want to get into complexion of Form15CA/CB.

    Would they need to fill up Form 15CA and Form 15CB ?, Can someone please advise me.

    Many Thanks in Advance
    Amit

  30. vidyalakshmi.S says:

    I need a claifiction: In case of individual, what should be filled in space of “capacity” in last page of form 15CA Verification page?

  31. Poonam Agrawal says:

    Sir,

    Whether 15CA/CB is required to be obtained for the foreign payments made through credit cards as we are not going to through any banking channel but paying directly through credit cards ??

  32. Raju Choudhary says:

    Very good article, thanks for sharing

  33. vijay says:

    I want to transfer some amount to the Business Entity in Mauritius. for Professional Service Received.
    No PE available in India for the Foreign Business Entity.
    Tax Residency Certificate Available
    Amount in Rs. 500,000/-
    Is there any TDS liability arise?

    • CA MEERA JOISHER says:

      As you inform, and from plain absorption of fact mentioned herein, you don’t seem to deduct TDS on the said transaction.

  34. vidyalakshmi says:

    Clarification:In case of form 15cb , a current payment does not exceed rs.50,000 but aggregate during the financial year exceeds Rs. two lakh fifty thousand… what form should i fill? whether part a or part b?

  35. Kamal says:

    Tell me hw much time it take to get 15CA/CB form

  36. Will says:

    Hi There,

    To print a 15CA/CB attract any fees payable to NSDL? As per my CA each 15CA/CB is created by paying INR 2500/set without their service fees which is just way to expensive!

    Any inputs here?

  37. KISHORE CHOUDHURY says:

    Dear Sir

    Our NRI Client who stayed in Dubbai for 18 years wants to remit money from india to Abroad to his Bank account from his indian Bank Account.

    Recently he sold one of House property in Mumbai for 75 Lakhs and his Long term capital gain was 15 Lakhs. From the sale Consideration the Purchaser of the House Property deducted TDS @ 1% as per Income Tax Act.

    The above sale consideration is received in his Indian Bank Account.

    Now for remittance of the above Capital Gains of 15 Lakhs he has to get Form 15CB certificate from a Chartered Accountant and the Assessee has to file Form 15CA.

    In the Form 15CB the CA will verify the agreement and other details in the Form.

    But i am having the following doubts.

    1. Whether the remitter and remittee should be two different person.
    If yes suggest me the procedure for transferring the funds by NRI him self from
    his own account.

    2. As we are certifying for deduction of TDS on the remitted amount but the same is not deducted at the rate of 20% as per Sec.195 but it is deducted at the rate of 1%., whether is it will be correct to certify the same.

    3. The earned capital gains is invested in other house property in India, so capital gain exemption is available u/s 54 of the Income Tax act, whether by verifying the sale deed details for the investment made, can we certify for the remittance.

    4. If the NRI has not invested the Capital Gain, whether he can transfer part of his capital gain to his abroad account by following any other procedure.

    Kindly clarify the issues as soon as possible.

    • CA MEERA JOISHER says:

      1. Whether the remitter and remittee should be two different person.
      If yes suggest me the procedure for transferring the funds by NRI him self from
      his own account.
      — No the two can the same persons. Infact what shall happen here is that using the 15CA/CB forms, the banks shall transfer from his NRO account to his NRI/NRE account from where he can then remit easily.

      2. As we are certifying for deduction of TDS on the remitted amount but the same is not deducted at the rate of 20% as per Sec.195 but it is deducted at the rate of 1%., whether is it will be correct to certify the same.
      — We need to certify whether all the taxes (as applicable) have been paid off by the person making remittance. Percentage can be anything based onhis total transactions in India.

      3. The earned capital gains is invested in other house property in India, so capital gain exemption is available u/s 54 of the Income Tax act, whether by verifying the sale deed details for the investment made, can we certify for the remittance.
      — Complete and duly authenticated sale deed of the investment is more than enough proof for providing the certificate, provided the person certifying is ensuring non-existence of professional negligence.

      4. If the NRI has not invested the Capital Gain, whether he can transfer part of his capital gain to his abroad account by following any other procedure.
      — He can transfer upto USD 2,50,000/- per financial year under the Liberalised Remittance Scheme (LRS), just that the amounts to be transferred are discharged of local taxes (if any).

  38. George Varghese says:

    Non resident sold land to resident and paid money to NRO account maintained in bank in india of seller.The payment is made within India. Is it necessary to file Form No. 15CA & 15CB. As the same is not done and payment is made, how I can file Said form

  39. Ference Manuel says:

    I need to transfer some money from India to Calgary Canada, can you please advise if you can assist me in filling 15CA form.

    • krishna says:

      I want to transfer from from india bank NRO a/c realised from rental proceeds over time to my canada bank a/c of my children abt CAD 8000 ; for purpose- S1301 – Remittance by NRI towards family maintenance and savings. V R not assessee as income below taxable limits but still opened PAN card for record purposes.

      Is Form 15CA & CB mandatory and what amt. of TDS deduction will be made on this transfer?

  40. Harivadan Thakorbhai Dalal says:

    I have educational loan sanctioned from PSU bank last year for further study of my son at Canadian University. Bank has remitted fees twice during last one year.
    I have to remit fees for Fall Term next week.
    Bank wants me to submit Form 15CA & CB.
    Do I have to submit the same even if money is remitted through education laon account for educational purpose?

    Warm Regards,
    H T Dalal

  41. RAMESH MEHTA says:

    SIR,

    WE ARE IMPORTING RAW MATERIAL AND SOME MACHINERY AND PARTS, WETHER WE REQUIRE TO FILE 15CA/15CB AS PER FINANCE ACT AMENDMENT 01-07-15 FOR REMMITANCE FOR RAW MATERIAL, MACHINERY & PARTS.

    REGARDS.

    R.D.MEHTA

  42. RAMESH MEHTA says:

    SIR,

    WE ARE IMPORTING RAW MATERIAL AND SOME MACHINERY AND PARTS, WETHER WE REQUIRE TO FILE 15CA/15CB required compulsory as Finance Act amended wef 1st June 2015 – FOR REMMITANCE RAW MATERIAL, MACHINERY & PARTS.

    REGARDS.

    R.D.MEHTA

  43. Dr Rashmi says:

    To attend conference, I have to submbmit fees.

  44. Dr Rashmi says:

    I want to attend conference in uSA Atlanta. I have to submit fee.

  45. Ference says:

    I have about 18 Lakhs in NRO account (From my sale of property) and would like to transfer the funds to Canada to repay some of my debts, so please advise process for the same.

  46. PRAKASH says:

    we have to pay to an international company for import of goods and we registered firm having PAN & TIN. whether form 15CA & 15 CB is required.

    • HASMUKH PATEL says:

      WE ARE IMPORTING RAW MATERIAL AND SOME MACHINERY AND PARTS, WETHER WE REQUIRE
      FRORM 10 F from foreign Supplier ? and 15 CA from IT department? we remmiting for raw material and spare parts.

      REGARDS.

      HASMUKH PATEL

  47. Pradeep says:

    I have an NRO account with my inheritance from my mother. The bank says I need 15CA and 15CB to get it in US dollars. Is it necessary? There are no taxes due to the governement because money came from shares that were there for a long time. Pradeep

  48. J H SHAH says:

    my son is studying in usa i have to transffered fees thro wire transection from my saving acc can i have to submitted 15ca/15cb to bank.

  49. Sanjay Andani says:

    Hi,

    Nice article. Thanks for sharing.

    I have one query,,

    If, we are transferring funds in Indian Rupees to the foreign entity. situated in India.. For that also, FORM 15CA & 15CB required?
    There is no foreign currency remittance.

    Thanks,
    Sanjay Andani

  50. K Badarinath says:

    Sir,
    I wish to send 20 lacs from my sb a/c to my son in UK. whether to submit 15CA @ 15CB

  51. venkateswaran says:

    We are a 100% EOU in Tamil Nadu. Would like to know if purchase of raw material made locally, payment can be effected in foreign currency, since we hold an EEFC account ?

  52. Ramalingam says:

    Sir,
    IS IT NECESSARY TO GIVE 15CB FOR REMITTANCE AGAINST IMPORT OF GOODS

  53. pawan Lahoti says:

    after new notification

    payment to Shipping Co. as export fright in Doller ( RBI Code S0204 ) required 15CA and 15 CB or not.

  54. jatin gupta says:

    sir, my father is an accountant,but not chartered accountant still I need form 15CA and 15CBfrom CA or I can get it from accountant only.

  55. Ashutosh says:

    I see so many questions and queries listed in the comments – my question is – are these replied ? if yes where can I read the replies ?

  56. kavya says:

    Sir,
    I have Query Regarding whether TDS is Deducted on Payment made to Foriegn Company for SNI Registration,and Treatment of it in 15CA & 15 CB.

    Awaiting for your Reply.

  57. RAMANAND says:

    Sir,

    IS IT NECESSARY TO GIVE 15CA AND 15CB FOR REMITTANCE AGAINST IMPORT OF GOODS

  58. RAMANAND says:

    DEAR SIR,

    OUR BANKER INSISTING 15 CA AND 15 CB FORMS FOR IMPORT REMITTANCE

    PL CONFIRM WHETHER IT IS NECESSARY TO GIVE TO BANK ?

  59. Nikhil says:

    Hello sir,
    I had recently enquired with State Bank of Mysore, Bangalore Branch, about sending money from my savings to a university in US by wire transfer and they said that I need to submit completed forms 15CA/CB even though I told them that it is the course tuition fees. Please advise on what I should do next.
    Thank you

  60. NAVIN JAIN says:

    Dear sir

    WE are purchase the machinery in pvt. ltd. company and bank instead for Form no. 15 CA and 15 CB

    Kindly confirm this is mandatory

  61. eswar says:

    can anyone suggest about the relevant section of the Act under which the remittance is covered

  62. R.Manjunath Karanth says:

    Sir,

    Can you suggest to me a book where details of % of tax as applicable under DTAA and without DTAA could be referred.

  63. CA Thangaraj says:

    Good article.

  64. s.k.bisaria says:

    SIR, I HAVE A QUERY MY DAUGHTER IS NRI AND I WANT TO REMIT MORE THAN RS. 50000/- TO HER FOR HER PERSONAL USE , WHETHER 15 CA IS REQUIRED AND TAX IS CHARGEABLE

  65. Lazer Jeya Prakash says:

    Dear sir,
    We have started a new partnership firm to import timber from S Africa.
    PAN no, TAN no, TIN, CST reg, IE Code have been obtained in firms name.
    Bank Current account has been opened in firm name.

    Bank has insisted us to obtain form 15 CA & CB before remitting funds to abroad from a chartered accountant.

    Sir, Are these forms necessary for our business.
    Should these forms be obtained only by engaging an chartered accountant.

  66. HITENDER says:

    I HAVE ALREADY MADE PAYMENTS TO NRI ON PURCHASE OF PROPERTY AND BANKER ALSO HAS CLEARED THE CHEQUE WITHOUT FORM 15CA.I REMMITTED THE TDS U/S 195. AS I HAVE NOT SUBMITTED FORM 15CA PRIOR TO PAYMENT,HOW TO FILE 27Q WITHOUT QUOTING ACK NUMBER OF 15CA.KINDLY HELP

  67. R N Mehrotra says:

    1 My son is NRI and his flat rental is deposited in his NRO account in the bank.Now the organisation to which this flat has been rented out is demanding form 15CB for paying the rent.We are filing has tax returns in India and 10% TDS is being deducted.Kindly advice if I should give Form 15CB.
    2 My son has got NRO and NRE accounts in the same bank.Do I need to give form 15CA and 15CB for shifting the fund from NRO to NRE account.NRO account gets income through Bank F D and Rentals.
    Kindly suggest
    Thanks R N Mehrotra

  68. Rohit Tiwari says:

    SIR WHEHTHER FORM 15 CA AND 15 CB IS ALSO TO BE SUBMIT FOR IMPORT OF GOODS IN NORMAL CAS OF BUSINESS BY A COMPANY ?

    IS THERE ANY CHANGE IN THE ACT W.E.F. 01.06.2015 IN THIS REGARD.

    PLS REPLY AS SOON AS POSSIBLE.

  69. Himanshu Sondhi says:

    I HAVE A QUERY,I WOULD TRANSFERRING MY US INDIVIDUAL ACCOUNT TO MY US CURRENT ACCOUNT WHICH I ONLY DIRECTOR OF THAT COMPANY SO, COULD I LIABLE TO FILLED 15CA & 15CB OR ANY OTHER FORM.IF YES PLEASE TELL

  70. srikant sahu says:

    I have read your article about 15CA & 15CB, I would to know more about this. Thanku sir……

  71. BALBIR says:

    After deducting tds payment made to seller on sale of property and deposit tds, now when seller wants to send that money to outside india, now form 15 ca to be filed by seller as he now becomes the remitter and remittee i.e from nro a/c to bank outside india please guide

  72. Pankaj Goyal says:

    I have read your article about 15CA & 15CB, I would to know more about this. Whether we need TRC while we are make payment against Import of Goods. And no one is taking any benefit of DTAA.

  73. Ravichandra says:

    Sir,

    Tax residency certificate is mandatory to sign form 15cb

    or Deceleration given by the foreign company stating that no PE in India is it enough.

  74. RAJESH KUMAR says:

    SIR WHEHTHER FORM 15 CA AND 15 CB IS ALSO TO BE SUBMIT FOR IMPORT OF GOODS IN NORMAL CAS OF BUSINESS BY A COMPANY ?

    IS THERE ANY CHANGE IN THE ACT W.E.F. 01.06.2015 IN THIS REGARD.

    PLS REPLY AS SOON AS POSSIBLE.

    REGARDS

  75. Mahendra Kumar Jain says:

    we have to pay to an international company for import of goods and we registered firm having PAN & TIN. whether form 15CA & 15 CB is required. also pay commission on export sale whether form 15CA & 15 CB is required

  76. Umesh Tripathi says:

    Sir, I would like to know do we need to submit Form 15CA/ 15CB if we make advance payment against goods to be imported for sales in India or we send payment against goods imported for sale.

    • KUSHAL says:

      PLEASE INFORM WHEN ANY CLARIFICATION COMES THAT THEIR IS NO NEED TO FILE 15CA-CB FOR IMPORT OF GOODS WHICH ARE NOT CHARGABLE TO TAX. PL ALSO INTIMATE THAT WE SHOULD FILE 15CA-CB OR NOT WHEN BANK HAS GIVEN OPTION TO FILE DECLARATION ONLY FOR REMMITTANCE OF ADVANCE PAYMENTS FOR IMPORING GOODS FOR SALE IN INDIA. AWAITING REPLY –

  77. GANESH says:

    Dear Sir
    I am try fill Form 15CA & 15CB but there is one query i have.
    in part B- SEC-B
    IT act
    they ask about Taxable amount?
    which amount i supposed to put in that box

  78. Ravi says:

    i have to return a certain amount i have loaned from my brother in usa. can i send him the same from my nro account . do i have to attach the forms 15ca and 15cb . do i need a chartered account to do the same

  79. Bhavik says:

    Our Bankers are asking FORM 15CA and FORM 15CB for Payments made against Imported Goods. They say it is required compulsory as Finance Act amended wef 1st June 2015. Please confirm

  80. Narayan Varma says:

    Director of the Company remitting foreign payment on behalf of the Company from its personal credit card without issuing 15CB and 15CA, is this violation of the Income Tax Act, 1961.

  81. PK says:

    WHAT IF THE AMOUNT REMITTED IS NON TAXABLE

  82. NIKITA says:

    We have filed 15CA in a currency and afterwards filed another 15CA in place of ealier filed 15CA with different currency due to some rmmitance issue.

    Now site is showing both the 15CA filed earlier and rectified one.

    Is there a way to cancel the previously filed 15CA? or is it ok if both the forms are reflecting on site?

  83. lovli says:

    If payment from nro a/c.
    I have submitted form 15ca and 15cb to my bank.
    My bank what will be do with these forms?
    Bank will submit to Reserve bank of India or to Income Tax Department

  84. bhanu says:

    bank is insisting for form 15ca&15cb for my daughter education remittence.is it required

  85. Mahesh says:

    Payment of invoices for which goods is subject to TDS.
    If payments for import invoices are not subject to TDS what is the benefit of 15 CB?
    Mahesh

  86. RASHMI ACHARYA says:

    Sir, I have query, whether the payment for registration fees for a pharma product out of India will require Form 15CA/ 15CB to be issued?

    Your early reply will highly appreciated.

    CA Rashmikant Acharya 9925032710

  87. Rajneesh Kamal Nag says:

    Sir,
    if the payments are made to any foreign Embassy as a visa/ ministry of foreign affairs fees, by a man power consultancy (prop/ Individual)situated in India. it is taxable, i.e. TDS required or not, and further form 15CA & 15Cb is required to submit in the bank or not

    rgds
    R K V N Nag-adv.

  88. Surendra Hegde & co says:

    What about the fund transfer from NRI account to NRE account as per rule 37BB of IT Act, 1961? whether it requires 15CB and 15CA.

  89. ISHU says:

    Sir, i have a query. Whether a payment to Switzerland based company by an Indian Company in respect of Membership Subscription fees would attract taxation in India ?

  90. taxwell says:

    NICE ARTICE THANKS FOR SHARING

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