Form 15CA-15CB Filing

Overview

Form 15CA & 15CB are compliances Taxeto manages whenever a client makes a payment to a non-resident or foreign entity, as required under the Income Tax Act, 1961. Taxeto determines taxability, coordinates the Chartered Accountant's certification in Form 15CB, files the remitter's declaration in Form 15CA, and generates the acknowledgment needed by banks before processing the remittance.

Benefits

• Mandatory compliance for all foreign remittances
• Ensures full tax compliance on cross-border payments
• Filed online through the income tax portal
• Involves proper CA certification via Form 15CB
• Required by banks before releasing the remittance

Eligibility

• Payment must be made to a non-resident or foreign company
• Transaction must be covered under income tax provisions
• Proper supporting documentation must be available

Documents Required

1. 1PAN Card of the remitter
2. 2Details of the remittance
3. 3Agreement/invoice with the foreign party
4. 4Bank details
5. 5Form 10F (if applicable)
6. 6Tax Residency Certificate (TRC)

Process

1. 1

   Determine Taxability

   Check whether the payment is taxable in India.

2. 2

   Obtain Form 15CB

   CA issues the certificate, if applicable.

3. 3

   File Form 15CA

   Submit the declaration on the income tax portal.

4. 4

   Generate Acknowledgment

   Download and provide it to the bank.

5. 5

   Make Remittance

   Bank processes the foreign payment.

Frequently Asked Questions