Form 15CB, 15CA Certificate

As per CBDT prescribing Form 15CA and Form 15CB to be filed in relation to remittances to non-residents under section 195(6), which requires the person responsible for making payment to a non-resident to furnish information relating to such payments. Currently, remittances to non-residents are allowed by banks if the person making the remittance furnishes an undertaking, accompanied by a certificate from a Chartered Accountant (“CA”) certifying the rate for withholding tax as per section 195 of the Act.

Fast, Easy & Secure way for Form 15CB, CA certificate...

15CA & 15CB process can be complex.

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Documents Required for 15CA & 15CB

  • PAN Card of Applicant (Remitter)
  • Copy of Invoice or Contract for which payment is to be made.
  • No PE Declaration from Non Resident/from Exporter.(if applicable)
  • Tax Residency Certificate (TRC) ) of foreign country (business proof like pan card in India) of NR/from Exporter.( if applicable)
  • Form 10F is all the prescribed details are not mentioned in TRC
  • Payee Bank Details like : 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.
  • Name and Status of the vendor, Address of the vendor
  • Country of the vendor (Country to Which Remittance Is Made)
  • Principal Place of the Business of the vendor
  • Self-attested Permanent establishment certificate of Vendor.

Our chartered accountants have years of experience in issuing 15CB certificates, filing 15CA forms, handling the entire case from start to finish and make this confusing procedure of remitting/transferring funds outside India for our clients - easy & quick.

For any information / query regarding 15cb certificates Services, Contact Us

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Frequently Asked Questions (Faq)

  • What is Form 15CB?

    Any person responsible/ required to transfer funds out of India needs to obtain certificate from Chartered Accountant in Form 15CB. Form 15CB will be given by the chartered accountant to the Clients after checking the TDS on the same. Chartered accountant should check the provision of tractability of payment given to the nonresidentIndian. Chartered accountant should provide tax under income tax act and where DTAA apply tax as per DTAA, tax residence certificate details.

  • How you Got the 15CB ?

    • Step 1 > Start below by sending your inquiry.
    • Step 2 > We get back to you with complete procedure, documentation & charges involved.
    • Step 3 > Finally, our chartered accountant issues a 15cb certificate & on the basis of that he files your 15ca form online on your behalf with the Govt and sends the copies wherever you request. That's it!
  • What is Form 15CA?

    Form 15CA is an undertaking by the Remitter to be furnished electronically giving details of proposed remittance and tax deducted at source in accordance with the provisions of Section 195(6) of the Income Tax Act, 1961. This undertaking is to be given after obtaining certificate in Form 15CB from a Chartered Accountant.

  • How you Got the 15CA?

    • Step 1 > Obtain C.A.Certificate in form 15CB issued by Chartered Accountant.
    • Step 2 > Furnish the information in Form No15CA.
    • Step 3 > Electronically upload Form 15CA on the designated website
    • Step 4 > Take Print out of Form 15CA and file a signed copy.
    • Step 5 > Submit two copy of Form 15CA and 15 CB to the banks.
    • Step 6 > Finally, You Remit money to the Non Resident.

    Notes:

    1. Please note that all the above steps have to be undertaken before remittance of money to the non-resident,

    2. In case of interest, royalty and technical fees payments Permanent establishment certificate not required.

    3. Rate of Tax will be 40% in case of Company or 30% in other cases. Surcharge, EC and SHEC to be added.

  • What Kind of payment Covered under 15CA & 15CB?

    Payments made abroad to Non –Resident: W.e.f. 01-06-2015 if any payment is made by any person to a non-resident, any sum whether or not chargeable to income tax shall furnish form No. 15CA & 15CB.Earlier only income chargeable to income tax in India had to be reported only but now all payments are covered.

    Form 15CA needs to be filled all the transaction with non-resident [Sec 195(6)]

    • For all Import Transactions
    • For all credit card transactions
    • For all transaction with Non-resident even if payment is made to an Indian Bank account
    • For all the transactions related to payment of Interest, Royalty and Fee for Technical Services (FTS)
    • For Commission paid abroad
    • For Salary paid abroad
  • What is Provision while payment made through Bank Transfer / Credit Card / Paypal with regard to under 15CA & 15CB compliance?

    Special Cases where 15CA CB is applicable and should be taken care of:

    • Payments Made to Facebook or Other Advertisement Agencies
    • Payments made for Software purchased / Subscription Purchased
    • Any domain/hosting or any website purchased.

    Note: That means, any payment to non-resident(either by Bank Transfer / Credit Card / Paypal will now be covered).

  • What are special cases where compliance under Form 15 CB from Chartered Accountant will not require?

    Form 15 CB from Chartered Accountant will not require in certain cases –

    • The single payment made to a vendor does not exceed Rs. 50,000 and aggregate of all payments to particular vendor does not exceed Rs. 250,000 during a financial year.
    • The payment is not chargeable to tax and the nature is included in the “Specified List”. The specified list specifies 39 natures of payments and also mentions the purpose code for each nature.
  • How to check the TDS is applicable or not on foreign payments?

    • Check the provision of income tax act whether TDS is applicable or not on the particular payments and if TDS is applicable check the TDS rate as per income tax act.
    • Check the DTAA rate as per treaty by the income tax government.
    • TDS will be deducted at the lower of Income tax rate defined by the government or DTAA agreement
  • How taxability on Commission paid to non-resident?

    Type of Commission paid to Non-Resident

    Commission for Commercial services Commission for Technical services

    The said commission is taxable in India under Domestic Law only if

    • Income accrues to NR in India, or
    • Income is received by NR in India, or
    • NR is having business connection in India under Sec 9(1)(i), or
    • NR is having source of Income in India

    If Yes, NR agent satisfies one of the above conditions than - Commission is Taxable in India, as per (Domestic Law)

    Commission is said to in the nature of Technical Service if it is necessary that some sort of managerial, technical or consultancy services should have been rendered.If the above condition is satisfied, then taxability is governed by the Fee for Technical Services (FTS)

    Notes: Commission earned by NR would not be taxable in India under Domestic law if all services rendered by NR outside India (i.e. NR do not have any business connection in India as per Sec 9(1)(i)) and income is not received in India. If it is taxable under Domestic Law, we need to claim the benefit of DTAA in which it is not taxable. Now, we need to claim the benefit of DTAA in this case.

    • Commission paid to NR is regarded as Business Profits as referred under Article 7 of the DTAA. The business profits is taxable in India only if the NR agent is having PE, as specified under Article 5 of the DTAA, in India.
    • Generally, NR does not have any PE in India. Hence, it is not taxable in India.
  • What are the penalties under 15CA & 15CB Noncompliance?

    Penal Provision: If such information is not furnished or the information furnished is inaccurate then U/s 271-I penalty of Rs. 1 Lakh may be imposed.And If the relevant form is not filled or incorrectly filled, then the penalty of Rs. 1,00,000 can be levied on the assesses.

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