Form 15CA & 15CB
Before money leaves India, the bank needs both.
Any remittance to a non-resident that is chargeable to tax in India needs Form 15CA from the remitter, and in most cases a Form 15CB certificate from a chartered accountant confirming the rate at which tax has been deducted. No bank will process the transfer without them.
The substance is the treaty analysis — whether the payment is royalty, fees for technical services or business profits, and whether the recipient's country has a treaty rate lower than the domestic one. Getting that wrong means either over-deducting, which the recipient will object to, or under-deducting, which the department will.
A tax residency certificate and Form 10F from the recipient are required to claim a treaty rate.
What is included
- Characterisation of the payment and treaty analysis
- Form 15CB certificate from a chartered accountant
- Form 15CA parts A to D as applicable
- Bank-ready documentation set
What we need from you
- Invoice or agreement with the non-resident
- Tax residency certificate and Form 10F
- No permanent establishment declaration
- Remitter PAN and bank details
Questions
When is Form 15CB not required?
Where the remittance is not chargeable to tax, where it is in the specified list of 33 exempt purposes, or where the total remittance in the year does not exceed ₹5 lakh — in which case only Part A of 15CA is filed.
Also in Income tax
Talk to us
Get started with Form 15CA & 15CB
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
- A qualified accountant on the call, not a call centre
- A firm quote before any work begins
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