Table of Contents
Form 15CA & 15CB Filing By N D Savla & Associates
Expert Chartered Accountants for Hassle-Free 15CA-15CB Filing in India
Are you making payments to a foreign company or non-resident individual from India? If yes, then filing Form 15CA and Form 15CB is a crucial legal requirement under the Income Tax Act, 1961.
At N D Savla & Associates, we offer end-to-end assistance for Form 15CA and 15CB filing, ensuring compliance with Section 195 of the Income Tax Act and FEMA regulations. Our experienced team of Chartered Accountants ensures accurate tax computation, DTAA analysis, and on-time submissions.
Contact us now for a seamless foreign remittance filing experience.
What Are Form 15CA and Form 15CB?
Form 15CA is a declaration made by the Indian remitter for any payment made to a non-resident, while Form 15CB is a certificate issued by a Chartered Accountant confirming the taxability of the remittance.
These forms are required to:
Track foreign remittances from India
Ensure TDS compliance on payments to non-residents
Prevent tax evasion on cross-border transactions
Who Needs to File?
Any resident individual or business making foreign payments such as:
Royalties, interest, dividends
Import/export transactions
Technical services
Foreign consultancy fees
Education, medical or travel expenses abroad (in certain cases)
Legal Framework: Section 195 of Income Tax Act
Under Section 195, tax must be deducted at source (TDS) before making any payment to a non-resident or foreign company. The remitter is responsible for:
Deducting TDS at applicable rates
Submitting Form 15CA
Obtaining Form 15CB (if required)
This ensures that the Indian government collects taxes on income earned by non-residents from Indian sources.
Importance of Form 15CA & 15CB Filing
| Form | Purpose |
|---|---|
| Form 15CA | Declaration by the remitter to the IT Department regarding foreign remittance |
| Form 15CB | Certificate by a Chartered Accountant validating the nature of payment, tax applicability, and DTAA provisions |
Failure to file these forms can result in penalties of ₹10,000 per default and even scrutiny from the Income Tax Department.
When Is Form 15CA Applicable?
Form 15CA must be filed before making any foreign payment if:
The remittance is taxable in India
The remitter is an individual or corporate resident
The income is deemed to accrue/arise in India as per Section 5 of the Income Tax Act
When Is Form 15CA Not Required?
Remittance is not taxable
Remittance falls under specified list in Rule 37BB
Remittance does not exceed ₹5,00,000 in aggregate during the FY (by individuals)
Remittance is exempt under DTAA or Income Tax Act
When Is Form 15CB Required?
Form 15CB is required when:
The remittance exceeds ₹5,00,000 in a financial year
The remittance is taxable
No lower/nil TDS certificate or order has been obtained from the Assessing Officer
When Is Form 15CB Not Required?
Remittance is not taxable in India
Covered under specified Rule 37BB list
Remittance does not exceed ₹5,00,000 during the FY
For education, medical, or personal expenses within prescribed RBI limits
Specified Transactions Where Form 15CA/15CB Is Not Required
Some common examples where Form 15CA and 15CB filing is not mandatory:
Indian investments abroad
Imports below ₹5,00,000
Operating expenses of Indian shipping/airline companies
Travel under BTQ (basic travel quota)
Donations, gifts, or family maintenance
Educational remittance below RBI limits
Tax refunds and government remittances
Remittances to embassies or international institutions
For a full list of exempted payments, refer to Rule 37BB of the Income Tax Rules.
Structure of Form 15CA
| Part | When to Use |
|---|---|
| Part A | Taxable remittances up to ₹5,00,000 |
| Part B | Taxable remittances above ₹5,00,000 with AO certificate (u/s 195(2)/(3) or 197) |
| Part C | Taxable remittances above ₹5,00,000 (requires Form 15CB certificate) |
| Part D | Remittances not chargeable to tax in India |
Form 15CB – Key Details Included
Issued by a Chartered Accountant, Form 15CB contains:
Details of remitter & beneficiary
Nature of remittance
Applicable TDS rates as per IT Act or DTAA
Taxability of remittance
CA’s certification under Section 195(6)
Penalty for Non-Compliance
₹10,000 per default under Section 271-I
May trigger tax scrutiny, interest & other consequences
Avoid non-compliance with our expert support at N D Savla & Associates.
Documents Required for 15CA-15CB Filing
To file these forms, you’ll need:
PAN of remitter and beneficiary
Purpose of remittance
Nature of payment (e.g., service fees, dividends)
Invoice or agreement supporting the transaction
Bank details of remitter and remittee
DTAA applicability, if any
Chartered Accountant certification (for 15CB)
Step-by-Step Process of 15CA-15CB Filing at N D Savla & Associates
Consultation & Review of the remittance type
DTAA and Taxability Analysis by our Chartered Accountants
Preparation and filing of Form 15CB (if required)
Filing of Form 15CA on the Income Tax e-filing portal
Submission & Acknowledgment generated
Assistance with submission to your authorized dealer bank for processing
Why Choose N D Savla & Associates?
As a trusted CA firm in Mumbai, N D Savla & Associates provides:
- Accurate DTAA & TDS analysis
- Quick turnaround within 1–2 business days
- Assistance with RBI & FEMA guidelines
- Chartered Accountant-issued Form 15CB
- Advisory on foreign remittance structuring
We help businesses, freelancers, and individuals across India file 15CA and 15CB forms correctly and on time.
Get Professional Help with Form 15CA-15CB Filing Today
Avoid penalties and ensure smooth foreign payments. Let N D Savla & Associates handle your 15CA & 15CB compliance end-to-end.
