15CA - 15CB Filing

15CA - 15CB Filing

🌐 Form 15CA & 15CB Filing – Complete 2025 Guide for Foreign Remittance Compliance in India
Planning to send money abroad for services, consulting, investment, or education? If the remittance exceeds certain thresholds or is chargeable under Indian tax laws, Form 15CA and Form 15CB filing is mandatory before the bank processes your transaction.
Incorrect or missed filing can delay your transfer, attract penalties up to ₹1,00,000, or even land you in legal trouble. That’s why understanding and complying with these forms is essential.
In this blog, we’ll explain what Form 15CA and 15CB are, when they are required, who needs to file them, and how our experts help you complete this compliance accurately and on time.

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📌 What are Form 15CA and Form 15CB?
These two forms are part of a tax compliance mechanism under the Income Tax Act, 1961, to monitor foreign remittances and ensure that TDS (Tax Deducted at Source), if applicable, has been correctly applied.
Form    Purpose
15CA    Declaration by the remitter that tax has been deducted or is not applicable
15CB    Certificate from a Chartered Accountant stating the taxability of remittance
✅ These forms must be submitted to your bank before it can process any remittance to a non-resident or a foreign entity.

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💼 Who Needs to File 15CA & 15CB?
Any individual, business, or organization making a payment abroad may be required to file these forms, especially for:
•    Purchase of software or services from foreign vendors
•    Payment of commission or royalties
•    Professional or technical consultancy payments
•    Import of digital services
•    Foreign travel agent commissions
•    Freelancers working with international clients
📌 Form 15CA is mandatory for most foreign remittances, and Form 15CB is required when the amount exceeds ₹5 lakh and the remittance is taxable in India.

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📋 Classification of Form 15CA – 4 Parts Explained
Depending on the type and amount of remittance, different parts of Form 15CA must be filed:
Part    When to Use
Part A    Payment < ₹5 lakh in FY & not taxable
Part B    Payment < ₹5 lakh in FY & taxable (based on 15CB certificate)
Part C    Payment > ₹5 lakh in FY & taxable – 15CB required
Part D    Remittance not taxable (under IT Act or exempt under Rule 37BB)
✅ Our experts guide you to select the correct part and ensure accurate classification.

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🧾 When is Form 15CB Required?
Form 15CB is needed when:
•    Remittance exceeds ₹5 lakh in a financial year
•    The payment is taxable in India
•    You’re claiming DTAA (Double Taxation Avoidance Agreement) benefits
•    You want to avoid excess TDS deduction or compliance errors
This certificate is issued by a Chartered Accountant, who verifies:
•    Nature of the transaction
•    TDS applicability and rate
•    Beneficiary country and DTAA provisions
•    Remitter and remittee details
📌 Without a valid 15CB certificate, Form 15CA – Part C cannot be filed.

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🖥️ How to File 15CA & 15CB – Step-by-Step Process
Step 1: Gather Details
•    PAN and Aadhaar of the remitter
•    Purpose of remittance
•    Beneficiary details (foreign recipient)
•    Invoice and contract copy
•    Bank details
•    Tax residency certificate (for DTAA claims)
Step 2: Obtain 15CB Certificate
A Chartered Accountant analyzes the transaction and issues Form 15CB via the Income Tax Portal.
Step 3: File Form 15CA
Log in to www.incometax.gov.in > File Form 15CA > Choose Part > Attach 15CB > Validate with EVC/DSC > Submit.
Step 4: Submit to the Bank
Provide signed copies and acknowledgment to your authorized dealer or bank.
✅ We handle the entire workflow, ensuring fast and compliant submissions.

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🗓️ When to File 15CA & 15CB?
These forms must be filed before making the remittance, otherwise, your bank will reject the transfer.
Scenario    Requirement
Paying foreign consultant ₹8 lakh    15CA – Part C + 15CB required
Sending ₹3 lakh for import of service    15CA – Part B + 15CB
Payment under exempt category    Only Part D of 15CA

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❌ Penalties for Non-Filing or Errors
Non-Compliance    Penalty
Not filing Form 15CA/15CB    ₹1,00,000 under Section 271-I
Wrong form/part filed    May trigger audit or compliance notice
Delay in submission to bank    Transaction may be rejected or blocked
✅ We help avoid costly mistakes by ensuring correct tax treatment, DTAA claims, and documentation.

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💼 Why Choose Us for 15CA & 15CB Filing?
We assist startups, exporters, professionals, and corporates with end-to-end 15CA/15CB filing:
•    ✅ Review of remittance nature & taxability
•    ✅ Chartered Accountant certification (Form 15CB)
•    ✅ Accurate 15CA filing with correct part selection
•    ✅ Submission assistance to your bank
•    ✅ DTAA planning to reduce TDS
📞 Need to send money abroad?
Let our experts manage your compliance — fast, reliable, and fully legal.

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🏁 Final Thoughts
Foreign payments without proper 15CA/15CB filing can lead to rejection, penalties, and legal issues. Whether you’re a freelancer, consultant, or business, this compliance is non-negotiable.
✅ Get your 15CA & 15CB filed professionally — and ensure your foreign transactions are smooth and tax-optimized.