Form 15CA/CB

Why Form 15CA/15CB is required?

A person making the remittance (a payment) to a Non Resident or a Foreign Company has to submit the form 15CA. This form is submitted online. In some cases, a Certificate from Chartered Accountant in form 15CB is required after uploading the form 15CA online.

Applicability - Section 195 of Income tax act, 1961

Sec 195 mandates the deduction of Income tax from payments made to Non Resident. The person making the remittance to non – resident needs to furnish an undertaking (in form 15CA) accompanied by a Chartered Accountants Certificate in Form 15CB.

Information to be required

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).

Details Of The 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.

Details Of 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.

Others

  1. Father’s Name of the Signing Person.
  2. Designation Of The Signing Person.

Documentary evidence required as under:

  1. Form 10F Duly Filled By the Authorised Person Of The Remittee.
  2. Tax Residency Certificate From The Remittee (Tax Registration Of The Country In Which Remittee Is Registered).
  3. 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.