15CA - 15CB Certification Assistance
Planning to make foreign remittances? Ensure proper compliance with Income Tax regulations
before transferring funds abroad. HIVA Professionals provides complete assistance in obtaining
and filing Form 15CA and Form 15CB accurately and on time.
What are Form 15CA & 15CB?
Form 15CA is a declaration submitted online to the Income Tax Department before making certain
foreign remittances. Form 15CB is a Chartered Accountant’s certificate confirming the nature of
remittance, applicable tax rate, and compliance with tax laws.
Who Needs to File 15CA / 15CB?
- Foreign remittances
- Companies paying services or consultancy
- Individuals business
- Importers
- Taxpayers
Documents Required
- PAN Card
- PAN or Tax Identification Number of the recipient
(if available)
- Remittance details
- Invoice / agreement
- Bank remittance details
- Form 10F and Tax Residency Certificate (TRC)
- Supporting documents explaining the nature of the
transaction
- Authorized signatory details
- Others
How to Apply for 15CA - 15CB
Certification?
Form 15CA and 15CB are required when making certain payments to non-residents.
The process is completed online through the Income Tax e-Filing portal along with certification
from a Chartered Accountant when applicable.
Basic Steps:
- Check whether the foreign remittance requires Form 15CA only or both Form 15CA and Form
15CB,
depending on the nature and amount of payment.
- A Chartered Accountant (CA) examines the transaction and issues Form 15CB, certifying the
taxability of the remittance under the Income Tax Act.
- Visit the official portal and log in using your PAN and password.
- Navigate to e-File -> Income Tax Forms and select Form 15CA. Enter details of the
remittance,
recipient, and tax information.
- If applicable, enter the acknowledgment number of Form 15CB issued by the Chartered
Accountant.
- Complete the submission using OTP, EVC, or Digital Signature (DSC).
- After submission, an acknowledgment for Form 15CA is generated, which may be required by
banks before processing the foreign remittance.
Advantages and
Limitations
Advantages
- Ensures compliance with Income Tax and RBI regulations for foreign remittances.
- Helps determine the correct tax liability on payments made to non-residents.
- Reduces the risk of tax penalties or legal issues.
- Provides proper documentation for international financial transactions.
Limitations
- Certification from a Chartered Accountant may be required for certain transactions.
- Incorrect or incomplete details may delay the remittance process.
- Additional documentation may be needed depending on the nature of payment.
- Some transactions may require tax deduction at source (TDS) before remittance.
Why Choose HIVA Professionals?
-
Expert evaluation of remittance
taxabilityProper
assessment of tax implications on foreign payments.
-
Chartered Accountant certification
supportAssistance in obtaining Form 15CB certification from a
CA.
-
Accurate and timely filingCareful
preparation
and submission of Forms 15CA and 15CB.
-
Coordination with banksHelp in providing
required documents for smooth remittance processing.
-
Complete compliance guidanceProfessional support
to ensure compliance with income tax and remittance regulations.
