15CA 15CB Certificate
In Gondia

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Learn how to comply & avoid penalties
Learn how to comply & avoid penalties

Purpose of this requirement

Purpose of this requirement .

Key purpose is to collect the taxes at a stage when the remittance is made as it may not be possible to collect the tax from the Non-Resident at a later stage.

Purpose of this requirement

Process simplification .

Earlier process involved furnishing a certificate in a prescribed form of RBI. Now it is through e-filling removing processing time and ease of submission. Some nature of payments are excluded and also requirement of CA certificate and is only required when payment is more than Rs. 5 lacs and not covered under Sec 195 / 197 of IT act.

Purpose of this requirement

Bankers Requirement.

Due to lack of clarity and exemption given, often bankers seeks these forms even when they are not required. If you need more clarity, please take a small consultation with us and we will guide you.

Liberalized Remittance Scheme (LRS).

Under this scheme except few restriction on purpose and destination country, an individual can remit to the tune of USD 250,000 in a year without any approval. A separate Form A2 will be required by the authorized agent transferring the fund.

What is form 15CA 15CB certificate?

This is a form required to report Income tax Department for making any remittance to a Non Residence or a foreign company.
The form is not required where remittance is made by an individual and it do not require RBI approval as per provisos of Sec 5 of RBI Act and if the remittance is of the nature specified in Rule 37BB of Income Tax act."

When is 15ca-15cb required to be filed?

A person making the remittance (a payment) to a Non Resident or a Foreign Company has to submit the form 15CA to the bank and 15CB will only be required for payments made to non-residents, which are taxable and if the payment exceeds Rs. 5 lakhs. This certificate confirms compliance of the Double Tax Avoidance agreement and IT Act.

Penalties for Non-filing of 15ca-15cb

Penalty of Rs.1 lakh for each default of non-filing for forms 15CA/CB will be applicable. An option for withdrawal of Form 15CA shall be available before payment.

Withdrawal of Form 15CA

An option for withdrawal of Form 15CA shall be available before payment. Form 15CA can be withdrawn within 7 days of submission of the online form. The link to withdraw the form will be available on the website of the Assesses concerned.

Our Packages

Highest Service Level
Remittance >5 lakhs 5 Lakhs<50 Lakhs More than Rs. 50 Lakhs
1,999+GST
3,499+GST
9,999+GST
Entrepreneur Success Training  Is Included Entrepreneur Success Training  Is Included Entrepreneur Success Training  Is Included
15CA Certificate  Is Included 15CA Certificate  Is Included 15CA Certificate  Is Included
15 CB Certificate  Is excluded 15 CB Certificate  Is Included 15 CB Certificate  Is Included
Submission of  Final Certificate  Is Included Submission of  Final Certificate  Is Included Submission of  Final Certificate  Is Included

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Documents Required For 15CA 15CB Certificate

Proprietor
  • Details of the Remitter And Remittee
    Name, Address, Status, PAN of the remitter and remittee
    Principal place of business of the remitter and remittee
    Email Address of the remitter and remittee
  • Details of the Remittance
    Country to which remittance is made
    Amount of remittance in Indian currency
    Currency in which remittance is made
    Nature of the remittance as per agreement
    Proposed date of remittance
  • Bank details of the Remitter
    Name of the bank of the remitter
    Name of the branch of the bank
    BSR Code of the bank
  • Documents required from the Remittee
    A duly filled Income Tax Form 10F by the authorized individual of the remittee.
    Tax residency certificate from the proper Remittee/ Tax registration of the country in which the Remittee is registered.
    Tax residency certificate from the proper Remittee/ Tax registration of the country in which the Remittee is registered
    A Certificate that proves the Remittee does not have any permanent establishment within India.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
One Person Company
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
Private Limited
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
Public Limited
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
Partnership Firm
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
LLP
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.
NGO
  • PAN Card of Applicant (Remitter) along with Income tax id and password
  • Invoice for which payment is to be made.
  • No PE Declaration from Non Resident ( if applicable)
  • Tax Residency Certificate (TRC) of NR.
  • Bank Account Details (Cancelled Cheque) from which payment is to be made
  • BSR Code ( Branch code of bank from which payment is to be made)
  • Digital Signature of Remitter.

Need additional assistance?

Contact our experts with any additional questions.


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What will be the Country of remittance
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What will be amount of remittance in Rs Lakhs
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Currency in which remittance is to be made
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Do you duly filled Income Tax Form 10F by the authorized individual of the remittee
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Do you have Tax residency certificate from the proper Remittee/ Tax registration of the country in which the Remittee is registered
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Do you have a Certificate that proves the Remittee does not have any permanent establishment within India
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Please Choose From Below Packages
Remittance >5 lakhs 5 Lakhs<50 Lakhs More than Rs. 50 Lakhs
1,999+GST
3,499+GST
9,999+GST
Entrepreneur Success Training  Is Included Entrepreneur Success Training  Is Included Entrepreneur Success Training  Is Included
15CA Certificate  Is Included 15CA Certificate  Is Included 15CA Certificate  Is Included
15 CB Certificate  Is excluded 15 CB Certificate  Is Included 15 CB Certificate  Is Included
Submission of  Final Certificate  Is Included Submission of  Final Certificate  Is Included Submission of  Final Certificate  Is Included

GST @18% : 360

Total : ₹2359

all govt fee excluded

GST @18% : 630

Total : ₹4129

all govt fee excluded

GST @18% : 1800

Total : ₹11799

all govt fee excluded

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Frequently asked questions

As can be seen from the form that it needs to be filled only if remittance is chargeable to tax in India. The bankers may seek clarification why it is not taxable in India. Further if the purpose is as defined in Rule 37BB, then it is not required.

The possible recourse is to submit a declaration in form of a note to Bank statin the nature of remittance and reason as to why it is not taxable in India or show evidence if it falls under 37BB

1. Details of Remitter like Name, Address PAN, Principal place of business etc. 2. Details of Remittee like Name and status, Address, country etc. 3. Details of remittance like, Country, currency Invoice for which payment is to be made, etc. 4. Details of bank account of remitter. Name, Branch and BSR code. 5) Form 10F duly filed by authorized person of the Remittee. 6) Tax residence certificate of the Remittee. 7) No PE Declaration from Non Resident ( if applicable) 8) Digital Signature of Remitter.

15CA is a mechanism to collect information by Income Tax Department for payments made abroad. 15CB is a certification by Chartered Accountant for authenticity of data filled and to prevent evasion of Tax.

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