15 CA and 15 CB

Form 15CA (Declaration of Foreign Remittance) It is a self-declaration form that a person or company must file before making a remittance to a non-resident. It ensures that applicable Tax Deducted at Source (TDS) has been deducted under the Income Tax Act, 1961. Filed online through the Income Tax e-filing portal. Form 15CB (Chartered Accountant’s Certification) It is a certificate issued by a Chartered Accountant (CA) confirming that the remittance complies with Indian tax laws. It verifies the applicable tax rate, nature of payment, and Double Taxation Avoidance Agreement (DTAA) applicability. Required when: The payment is taxable in India. The remittance amount exceeds ₹5 lakh. A CA certification is mandated under tax laws. When Do You Need Form 15CA & 15CB? 1. If remittance is taxable: Obtain Form 15CB from a CA. Then submit Form 15CA (Part C) on the Income Tax portal. 2. If remittance is not taxable & exceeds ₹5 lakh: Only Form 15CA (Part D) is required. 3. If remittance is not taxable & below ₹5 lakh: No Form 15CB is required. Only Form 15CA (Part A or B) may be needed. 4. If it falls under exempted categories (as per RBI rules): No 15CA or 15CB is required.

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