Form 15CA and 15CB Filing refers to the compliance filings required for certain payments made to non-residents, to ensure applicable tax has been accounted for. It's most relevant for businesses and individuals making payments abroad that fall within scope, and is handled through the Income Tax Department's e-filing system for foreign remittances.
Who This Applies To
If your business falls under this category, understanding the basics of Form 15CA and 15CB Filing early on can save time and avoid compliance issues down the line. This guide covers what you need to know, what to prepare, and how the process typically works.
What You'll Need
- Nature and purpose of the remittance
- Amount and currency of payment
- Applicable tax treaty position, if relevant
- Chartered Accountant certificate (Form 15CB), where required
- PAN of the remitter
- Bank details through which the remittance will be made
How the Process Works
- Determine whether the remittance requires 15CA/15CB filing
- Obtain a CA certificate (Form 15CB) if applicable
- File Form 15CA on the income tax portal
- Provide the filed forms to the bank for processing the remittance
Common Pitfalls to Watch For
- Assuming small remittances are automatically exempt without checking
- Skipping the CA certification where it's actually required
These are avoidable with the right preparation and a clear understanding of the requirements upfront.
Frequently Asked Questions
Is 15CA/15CB required for every foreign payment?
No, certain categories are exempt, but many business payments abroad do require it.
Who certifies Form 15CB?
A practicing Chartered Accountant certifies the tax position for the remittance.
Need Help With This?
Leegal's team handles registration, compliance, and advisory work like this end-to-end, with transparent pricing and a dedicated point of contact throughout.
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