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Home > Income Tax > Help Center > Form 15CA & 15CBLast Updated: Mar 16th 2023

Foreign remittances? Form 15CA and 15CB Explained

Form 15CA and 15CB must be submitted while making payments outside India. They must be presented under different conditions.

Overseas Remittances have tax ramifications that the majority of taxpayers disregard. Section 195 of the Income Tax Act of 1961 stipulates that tax must be deducted from any payments made to non-residents. The goal of tax deduction is to collect taxes from nonresident aliens at an earlier stage, as it may be impossible to do so later. In certain instances, the individual making payments to NRIs must submit an affidavit on Form 15CA together with Form 15CB.

This document covers

  1. What is Form 15CA?
  2. What is Form 15CB?
  3. Remittances which don't require Form 15CB
  4. Remittances which don't require 15CA & Form 15CB?
  5. Details required for filing Form 15CA & Form 15CB

1. What is Form 15CA?

Form 15CA is a declaration of remitter (sender if money to NRI) and is considered as a tool for collecting information of payments to Non-residents. This will help the Income Tax Department to determine whether the payments are taxable or non-taxable in the hands of non-resident. Banks and Authorized dealers are now becoming more conscious in ensuring that form 15CA/form 15CB are received by them before remittance

A person who is making foreign remittance need to furnish Form 15CA. It is required to be submitted online. In certain cases, a certificate from a practicing Chartered Accountant in form 15CB is required to be submitted along with form 15CA. Form 15CA consists of 4 parts.

Part A:

It is required to be filed if the remittance is chargeable to tax and the aggregate of such remittances does not exceed Rs 5 Lakhs during the financial year
Part B:

It is required to be filed if the remittance is chargeable to tax and the aggregate of such remittances exceeds Rs 5 Lakhs during the financial year and an order/ certificate u/s 195(2) /195(3)/197 of Income Tax act has been obtained from the Assessing Officer.
Part C:

It is required to be filed if the remittance is chargeable to tax and the aggregate of such remittances exceeds Rs 5 Lakhs during the financial year and a certificate in form 15CB is required to be obtained
Part D:

It is required to be filed if the remittance is not chargeable to tax under the provisions of Income Tax act.

2. What is Form 15CB?

The liability of withholding tax can be ascertained and certified by obtaining the certificate from Chartered Accountant in Form No 15CB. A CA certifies the details of payment, TDS rate, TDS deduction etc. For uploading Part C of Form 15CA, an Acknowledgement number of Form 15CB is mandatory.

For Comprehensive Understanding, refer at @ Income from Foreign Retirement Benefit Accounts

3. Remittances which don't require Form 15CB

Form 15CB is not required in the following cases

  1. Form 15CB is not required where "Part-A" of Form 15CA is to be filled in, i.e. in case payments does not exceed Rs Five Lakhs during the financial year
  2. Form 15CB is not required where a certificate from the AO u/s 197 or 195(2) / (3) has been obtained.
  3. Form 15CB is not required where sum payable is not chargeable to tax under the provisions of Income Tax Act.
  4. No information is required to be furnished for any sum which is not chargeable under the provision of the Act, if the remittance is made by an individual as per the provision of Foreign Exchange Management Act, 1999 read with schedule III to the Foreign Exchange (Current Account Transactions) Rules, 2000
  5. No information is required to be furnished for any remittance which is of the nature specified in the list given in Rule 37BB
Need help to get Form 15CA / 15CB quickly?
Learn more on Form 15CA / 15CB Filing Plan & Pricing

4. Remittances which don’t require 15CA & Form 15CB?

Form 15CA and Form 15CB are not required for the transactions which does not require RBI approval. Following are the payments prescribed by RBI as per rule 37BB.

S.NoPurpose CodeNature of Payment
1 S0001 Indian investment abroad – in equity capital (shares)
2 S0002 Indian investment abroad – in debt securities
3 S0003 Indian investment abroad – in branches and wholly owned subsidiaries
4 S0004 Indian investment abroad – in subsidiaries and associates
5 S0005 Indian investment abroad – in real estate
6 S0011 Loans extended to Non-Residents
7 S0101 Advance payment against imports
8 S0102 Payment towards imports – settlement of invoice
9 S0103 Imports by diplomatic missions
10 S0104 Intermediary trade
11 S0190 Imports below Rs.5,00,000 - (For use by ECD offices)
12 SO202 Payment for operating expenses of Indian shipping companies operating abroad
13 SO208 Operating expenses of Indian Airlines companies operating abroad
14 S0212 Booking of passages abroad – Airlines companies
15 S0301 Remittance towards business travel
16 S0302 Travel under basic travel quota (BTQ)
17 S0303 Travel for pilgrimage
18 S0304 Travel for medical treatment
19 S0305 Travel for education (including fees, hostel expenses etc.)
20 S0401 Postal services
21 S0501 Construction of projects abroad by Indian companies including import of goods at project site
22 S0602 Freight insurance – relating to import and export of goods
23 S1011 Payments for maintenance of offices abroad
24 S1201 Maintenance of Indian embassies abroad
25 S1202 Remittances by foreign embassies in India
26 S1301 Remittance by non-residents towards family maintenance and savings
27 S1302 Remittance towards personal gifts and donations
28 S1303 Remittance towards donations to religious and charitable institutions abroad
29 S1304 Remittance towards grants and donations to other Governments and charitable institutions established by the Governments
30 S1305 Contributions or donations by the Government to international institutions
31 S1306 Remittance towards payment or refund of taxes
32 S1501 Refunds or rebates or reduction in invoice value on account of exports
33 S1503 Payments by residents for international bidding

5. Details required for filing Form 15CA & Form 15CB

The following information is required to file form 15CA and Form 15CB

  1. Details of Remitter (sender)
    1. Name and Address of Remitter
    2. PAN of Remitter
    3. Status of Remitter (Individual/ Firm/LLP/Company/Trust etc)
    4. Email id and Mobile number of Remitter
  2. Details of Remittee (recipient)
    1. Name and Address of Remittee
    2. Status of Remittee (Individual/ Firm/LLP/Company/ etc)
    3. Country of the Remittee
  3. Country to which Remittance is made
  4. Currency in which remittance is made
  5. Amount of Remittance in Indian Currency
  6. Proposed date of Remittance
  7. Nature of Remittance
  8. Bank Details of Remitter (Name, Bank, Branch and BSR Code of Bank)
Requirement of Form 15CA and Form 15CB on payments to NRO bank accounts of NRI's

There are numerous incomes being paid to non-residents through their NRO accounts like interest, capital gains, rents etc. These types of incomes are liable to TDS u/s 195. As these payments are being made to NRO account and the payments are in Indian Rupee, Form 15CA and Form 15CB is not required

Applicability of Form 15CA and Form 15CB for remittance from NRO account by NRI
  1. Non-resident who earns income in India through Rental Income, Bank interest, Sale of properties/shares etc and the same is being credit to his NRO account then the non-resident may transfer such amount from NRO account to NRE account.
  2. Before transferring the same from NRO to NRE Account, the non-resident is required to file Form 15CA/Form 15CB accordingly depending on the nature of transaction
For Comprehensive Understanding, More info refer at @ TCS on Foreign Remittances Under LRS

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