Home > Help Center > Form 15CA & 15CBLast Updated: Mar 08th 2022

Foreign remittances ? Check when Form 15CA & 15CB must be Submitted

Making payments outside of India requires certain compliance, one among those compliance is the submission of Form 15CA and 15CB. These must be submitted under various scenarios.

Foreign Remittances attract tax implications which are ignored by most of the taxpayers. Section 195 of the Income Tax Act 1961 mandates the deduction on tax on any payments made to non-residents. The purpose of deduction of taxes is to collect the taxes at the earlier stage as it may not possible to collect the taxes from NRI at a later stage. The person who is making payments to NRIs need to furnish an undertaking in Form 15CA accompanied by Form 15CB in certain cases.


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 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.


Plan & Pricing to have    Form 15CA / 15CB Filing


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


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.No

Purpose Code

Nature of Payment

1

S0001

Indian investment abroad – in equity capital (shares)

2

S0002

Indian investment abroad – in debt securitie

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

Plan & Pricing to have    Form 15CA / 15CB Filing

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