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15CA and 15CB are mandatory compliance forms under the Income Tax Act, 1961, required for any payment made by an Indian resident to a foreign entity. These forms ensure proper tax deduction and reporting for cross-border transactions.
Form 15CA is a declaration by the remitter, while Form 15CB is a certificate issued by a Chartered Accountant. Both forms must be filed with tax authorities before remitting funds abroad to ensure compliance with Indian tax laws and Double Taxation Avoidance Agreements (DTAA).
Filing 15CA and 15CB is compulsory before making any foreign remittance from India, subject to certain exemptions. Non-compliance attracts penalties of ₹10,000 per instance.
According to Section 195 of the Income Tax Act, 1961, any person making payment to a non-resident (including foreign company) must:
Deduct income tax at applicable rates before making payment to non-resident
Submit undertaking in Form 15CA providing payment details to non-resident
Obtain certificate in Form 15CB from Chartered Accountant for payments exceeding ₹5 lakh
Ensures tax collection on income accruing or arising in India, even when recipient is non-resident. Prevents tax evasion in cross-border transactions.
Enables Income Tax Department to monitor foreign remittances and ensure tax compliance on international transactions.
Ensures proper tax deduction at source as per Income Tax Act provisions and applicable DTAAs.
Creates legal record of foreign payments, useful during tax assessments and audits.
Ensures timely reporting of payments to non-residents and collection of due taxes.
Verifies compliance with Double Taxation Avoidance Agreements between India and foreign countries.
Prevents penalties of ₹10,000 per instance for non-filing or late filing of forms.
Form 15CB is mandatory only when remittance exceeds ₹5,00,000 during the financial year and is taxable in India.
Remittances up to ₹5 Lakhs (taxable) during financial year
Remittances exceeding ₹5 Lakhs with AO order under Section 195(2)/197/195(3)
Taxable remittances exceeding ₹5 Lakhs with CA certificate (Form 15CB)
Remittances not chargeable to tax under Income Tax Act
Remitter, beneficiary, and remittance nature details
CA verification of IT Act & DTAA compliance with section/article details
CA certification of information accuracy
Optional for additional information/details
| Payment Category | Specific Exemptions |
|---|---|
| Trade & Imports | Advance payment against imports, Imports below ₹5 lakh, Intermediary trade |
| Loans & Investments | Indian investment abroad, Loans extended to Non-Residents |
| Travel & Education | Basic Travel Quota, Pilgrimage, Medical treatment, Education abroad |
| Business Operations | Operating expenses of Indian Airlines/Shipping firms, Project construction imports |
| Government & Diplomatic | Imports by diplomatic missions, Remittances by foreign embassies |
| Personal & Donations | Family maintenance, Personal gifts, Donations to charitable institutions |
| Tax & Refunds | Payment/refund of taxes, Refunds on exports, International bidding payments |
All above exemptions are as per specified payment list in Rule 37BB of Income Tax Rules. Always verify current rules before proceeding.
Ensure valid PAN issued by Income Tax Department for remitter
Check if remittance exceeds ₹5 lakhs and requires CA certificate
Get Form 15CB from Chartered Accountant for taxable remittances > ₹5 lakh
Complete Form 15CA on Income Tax e-filing portal with all required details
Upload completed Form 15CA and Form 15CB (if applicable) on e-filing website
Receive acknowledgment with unique number for future reference
Forms must be filed before making the actual remittance to the foreign entity. Banks require these forms to process international payments.
Per instance for not filing or late filing of 15CA and 15CB forms
Banks may reject foreign remittance applications without valid 15CA/15CB
May trigger income tax scrutiny and assessment proceedings
Potential legal action for tax evasion in cross-border transactions
Business delays due to non-processing of international payments
Our experts ensure full compliance with Section 195, Income Tax Rules, and applicable DTAAs, avoiding penalties and legal issues.
Direct access to qualified Chartered Accountants for Form 15CB certification without third-party hassles.
Three-level verification process ensures 100% accurate form filling, preventing bank rejections and compliance issues.
Quick turnaround time - forms prepared and filed within 24-48 hours for urgent remittances.
From document collection to bank submission support - complete handholding throughout the process.
Bank-level encryption for all financial documents and PAN details shared with us.
Let our experts handle your 15CA-15CB compliance while you focus on international business.
Email: foreignremittance@Compliance 360.com | Support: Mon-Sat, 9 AM - 7 PM
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Our tax experts help you understand RBI and Income Tax rules related to overseas payments.
We identify whether 15CA Part A, B, C, or D is applicable and ensure accurate filing.
Chartered Accountant issued Form 15CB prepared as per DTAA and tax withholding rules.
We ensure accurate reporting to avoid rejection, bank issues, or income tax notices.
Quick turnaround so you can submit forms to the bank without payment delays.
Assistance for corrections, clarifications, and future foreign remittance compliance.
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