15CA & 15CB

15CA & 15CB Certification


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15CA & 15CB Certification

Every person liable for making a payment to non-residents shall deduct TDS from the payments made to non-residents if such sum is chargeable to Income tax then the withholding tax need to be deducted and form 15CA and 15CB are the declaration for the same.

A person making the remittance (a payment) to a Non-Resident or a Foreign Company has to submit the form 15CA. This form is submitted online. In some cases, a Certificate from Chartered Accountant in form 15CB is required after uploading the form 15CA online.

15CB is the Tax Determination Certificate where the CA examines the remittance with regard to chargeability provisions under Section 5 and 9 of the Income Tax Act along with the provisions of Double Tax Avoidance Agreements.

In form 15CB, a CA certifies details of the payment, TDS rate and TDS deduction as per Section 195 of the Income Tax Act, if any DTAA is applicable, and other details of nature and purpose of the remittance.

Individual is not required to furnish the information in Form 15CA and 15CB for remittance which requires no RBI approval. However, banks are required to deduct TDS in case of foreign remittances exceeding certain threshold.

Would you require support from our professional team on foreign remittances to you family or friends abroad? Get in touch with our expert for more details.

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