{"id":44,"date":"2015-04-09T05:55:48","date_gmt":"2015-04-09T00:25:48","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=44"},"modified":"2022-01-31T15:14:44","modified_gmt":"2022-01-31T09:44:44","slug":"basic-provision-of-form-15cb-15ca","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/","title":{"rendered":"Basic Provision of Form 15CB &#038; 15CA\u00a0"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69eba30be5fcd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69eba30be5fcd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#Basic_Provision_of_Form_15CB_15CA\" title=\"Basic Provision of Form 15CB &amp; 15CA\">Basic Provision of Form 15CB &amp; 15CA<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#What_is_Form_15CB\" title=\"What is Form 15CB\">What is Form 15CB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#What_form-15CA\" title=\"What form-15CA?\">What form-15CA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#Applicability_of_Form_15CA\" title=\"Applicability of Form 15CA\">Applicability of Form 15CA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#Non-_Applicability_of_Form_15CA\" title=\"Non- Applicability of Form 15CA\">Non- Applicability of Form 15CA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#What_is_Form-15CB\" title=\"What is Form-15CB?\">What is Form-15CB?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#Applicability_Form_15CB_certificate\" title=\"Applicability Form 15CB certificate\">Applicability Form 15CB certificate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/basic-provision-of-form-15cb-15ca\/#List_of_payments_where_Form_15CA_15CB_is_not_required\" title=\"List of payments where Form 15CA \/ 15CB is not required\">List of payments where Form 15CA \/ 15CB is not required<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-16564\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/Basic-Provision-of-Form-15CB-15CA-300x175.png\" alt=\"Basic Provision of Form 15CB &amp; 15CA\" width=\"710\" height=\"414\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/Basic-Provision-of-Form-15CB-15CA-300x175.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/Basic-Provision-of-Form-15CB-15CA-768x449.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/Basic-Provision-of-Form-15CB-15CA-800x467.png 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/Basic-Provision-of-Form-15CB-15CA.png 1012w\" sizes=\"(max-width: 710px) 100vw, 710px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Basic_Provision_of_Form_15CB_15CA\"><\/span><span style=\"color: #ff9900;\"><strong>Basic Provision of Form 15CB &amp; 15CA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Form_15CB\"><\/span><span style=\"color: #000080;\"><strong>What is Form 15CB<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There are some provisions to make payments outside India, one of this compliance is the submission of <a href=\"https:\/\/carajput.com\/services\/form-15cb-15ca-certificate.php\"><strong><span style=\"color: #0000ff;\">Form 15CA and 15CB compliance<\/span><\/strong><\/a><strong><span style=\"color: #0000ff;\">. <\/span>Rule 37BB\u00a0<\/strong>provides the manner of supplying information in form 15CB and making a declaration in form 15CA.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_form-15CA\"><\/span><span style=\"color: #000080;\"><strong>What form-15CA?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In 15CA, all the information concerning payments made to non-residents is given, making it a tool for the collection of data on international remittances. In general, this form is a statement used by the sender to gather information on payments due.<\/p>\n<ul>\n<li>Therefore, Form 15CA helps the country&#8217;s Income tax department keep track of international remittances and their taxability.<\/li>\n<li>Form 15CA will NOT have to be equipped for remittance by a person who does not need RBI approval.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Applicability_of_Form_15CA\"><\/span><span style=\"color: #000080;\"><strong>Applicability of Form 15CA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Form 15CA is a declaration statement of any person who is planning to make a foreign remittance:<\/p>\n<ul>\n<li>To a non-resident or a foreign company (regardless of whether the remittance is taxable)<\/li>\n<li>Remitter who can be a resident\/non-resident\/domestic\/foreign company<\/li>\n<li>Where income accrues\/ arises\/ acquired or considered to accrue\/ arise\/ received in India. (Section 5 of the Income Tax Act)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Non-_Applicability_of_Form_15CA\"><\/span><span style=\"color: #000080;\"><strong>Non- Applicability of Form 15CA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Non-requirement of Form 15 CA<\/p>\n<ul>\n<li>When the Foreign remitter allows Foreign remittance in compliance with the list of payments stated in the Income Tax Rules of Rule 37BB.(Refer: Rules of Income Tax)<\/li>\n<li>Not applicable by Section 5 of the Foreign Exchange Management Act, 1999 to an individual who does not need RBI approval.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Form-15CB\"><\/span><span style=\"color: #000080;\"><strong>What is Form-15CB?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the kind of certificate that is required only if the remittance is not taxable. It is a channel for getting tax clearance\/approval. In general, this form is a declaration used by the remitter to gather information on payments due.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Applicability_Form_15CB_certificate\"><\/span><span style=\"color: #000080;\"><strong>Applicability Form 15CB certificate<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_13292\" aria-describedby=\"caption-attachment-13292\" style=\"width: 818px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/05\/Applicability-of-Form-15CA-and-15CB-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-13292\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/05\/Applicability-of-Form-15CA-and-15CB-1.jpg\" alt=\"www.carajput.com; Applicability of Form 15ca 15 CB\" width=\"818\" height=\"432\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/05\/Applicability-of-Form-15CA-and-15CB-1.jpg 600w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/05\/Applicability-of-Form-15CA-and-15CB-1-300x159.jpg 300w\" sizes=\"(max-width: 818px) 100vw, 818px\" \/><\/a><figcaption id=\"caption-attachment-13292\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com; Applicability of Form 15ca 15 CB<\/span><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Form 15CB certificate is required from Chartered Accountant when the foreign remittance is made in the following case<\/p>\n<ul>\n<li><a href=\"https:\/\/Read More about Certificate form 15ca cb for making payments abroad\">Non-residen<\/a>t or Foreign companies are Taxable,<\/li>\n<li>Payment above Rs. 5 lakhs; &amp;<\/li>\n<li>Where the order\/certificate has not been received from the Assessing Officer (AO).<\/li>\n<\/ul>\n<p>Form 15CB is a form that a Chartered Accountant is required to sign. This certificate is regarding the rate and the correct type of tax paid by Assess. some information Form 15CB is requested at the time of submission of Form 15CA.<\/p>\n<p>It appears at first glance that Form 15CA is not necessary to be completed if the remittance or payment to a non-resident Indian is not taxable.<\/p>\n<p>According to Rule 37BB of the Income Tax (14th Amendment) Rule, 2013, There is no reporting of Form 15CA &amp; Form 15CB in the case of international remittances of the following nature since October 2013.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"List_of_payments_where_Form_15CA_15CB_is_not_required\"><\/span><span style=\"color: #000080;\"><strong>List of payments where Form 15CA \/ 15CB is not required<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 971px;\" width=\"867\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"702\"><\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><span style=\"color: #000080;\"><strong>Purpose code as per RBI<\/strong><\/span><\/td>\n<td width=\"600\"><span style=\"color: #000080;\"><strong>Nature of Payment<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0001<\/td>\n<td width=\"600\">Indian investment abroad -in equity capital (shares)<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0002<\/td>\n<td width=\"600\">Indian investment abroad -in debt securities<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0003<\/td>\n<td width=\"600\">Indian investment abroad -in branches and wholly-owned subsidiaries<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0004<\/td>\n<td width=\"600\">Indian investment abroad -in subsidiaries and associates<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0005<\/td>\n<td width=\"600\">Indian investment abroad -in real estate<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0011<\/td>\n<td width=\"600\">Loans extended to Non-Residents<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0202<\/td>\n<td width=\"600\">Payment- for operating expenses of Indian shipping companies operating abroad.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0208<\/td>\n<td width=\"600\">Operating expenses of Indian Airlines companies operating abroad<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0212<\/td>\n<td width=\"600\">Booking of passages abroad -Airlines companies<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0301<\/td>\n<td width=\"600\">Remittance towards business travel.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0302<\/td>\n<td width=\"600\">Travel under basic travel quota (BTQ)<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0303<\/td>\n<td width=\"600\">Travel for pilgrimage<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0304<\/td>\n<td width=\"600\">Travel for medical treatment<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0305<\/td>\n<td width=\"600\">Travel for education (including fees, hostel expenses, etc.)<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0401<\/td>\n<td width=\"600\">Postal services<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0501<\/td>\n<td width=\"600\">Construction of projects abroad by Indian companies including import of goods at the project site<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S0602<\/td>\n<td width=\"600\">Freight insurance \u2013 relating to import and export of goods<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1011<\/td>\n<td width=\"600\">Payments for maintenance of offices abroad<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1201<\/td>\n<td width=\"600\">Maintenance of Indian embassies abroad<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1 202<\/td>\n<td width=\"600\">Remittances by foreign embassies in India<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1301<\/td>\n<td width=\"600\">Remittance by non-residents towards family maintenance and-savings<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1302<\/td>\n<td width=\"600\">Remittance towards personal gifts and donations<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1303<\/td>\n<td width=\"600\">Remittance towards donations to religious and charitable institutions abroad<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1304<\/td>\n<td width=\"600\">Remittance towards grants and donations to other governments and charitable institutions established by the Governments.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1305<\/td>\n<td width=\"600\">Contributions or donations by the government to international institutions<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1306<\/td>\n<td width=\"600\">Remittance towards payment or refund of taxes.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1501<\/td>\n<td width=\"600\">Refunds or rebates or reduction in invoice value on account of exports<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">S1503<\/td>\n<td width=\"600\">Payments by residents for international bidding\u201d.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>Popular Article : <\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-december-15-2015\/\">Amended rules for submission of Form 15CA &amp; 15CB<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/complete-understanding-about-form-15ca-form-15cb\/\">Complete Understanding about Form 15CA, Form 15CB<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Basic Provision of Form 15CB &amp; 15CA What is Form 15CB There are some provisions to make payments outside India, one of this compliance is the submission of Form 15CA and 15CB compliance. Rule 37BB\u00a0provides the manner of supplying information in form 15CB and making a declaration in form 15CA. What form-15CA? In 15CA, all &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159],"tags":[2598,2596,2600,2597,2594,2599],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/44"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"predecessor-version":[{"id":21692,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/44\/revisions\/21692"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}