Form 15CA is a form that is required to be filed with the Income tax Department if a resident makes any payment to a non-resident. The Payer require to furnish the details and information as per the provisions of the Income Tax Act. Form 15CA helps the IT department to track foreign remittances and their taxability. It also helps the non-resident to claim credit for the tax deducted in India. Form 15CA has to be submitted online on the e-filing portal of the IT Department.
Form 15CB is a certificate that verifies that the (TDS) tax deducted at source from the payment made to a non-resident is in accordance with the Income Tax Act and the Double Taxation Avoidance Agreement (DTAA). A Practicing chartered accountant issues it and contains the payment details, the TDS rate, the DTAA provisions, and the compliance with Section 195 of the Income Tax Act. Form 15CB is required to be filed before making any remittance to a non-resident.
- Form 15 CA and Form 15 CB are not required for remittances that are not chargeable to tax.
- Only Part D of Form 15CA will be submitted if remittance is covered under a specific exemption list.
- Only Part A of Form 15CA will be submitted if remittance is less than ₹ 5 Lakh in a financial year.
- Form 15CB and Part C of Form 15CA are to be submitted if the remittance exceeds ₹ 5 Lakh.
- Part B of Form 15CA income tax will be submitted if the remittance exceeds ₹ 5 Lakh and a certificate has been obtained under Section 195(2)/195 (3)/197 of the Income Tax.
Form 15CA is separated into 4 parts, and each part has to be submitted based on the different structure of the remittance.
Part A
If the remittance is chargeable to tax and its total is not more than ₹ 5 Lakh, then Part A of Form 15CA has to be filled.
Part B
If the remittance exceeds ₹ 5 Lakh and a certificate has been obtained from the Assessing Officer under Section 197/195(2)/195 (3) of the Income Tax.
Part C
If the remittance exceeds ₹ 5 Lakh and is taxable under Income Tax Act, and certificate in form 15CB has been obtained from a chartered accountant.
Part D
If the remittance is covered under a specific exemption, Part D of Form 15CA has to be submitted.
Form 15CA
Form 15CA income tax can be filled by login through the Income Tax e-filing portal and verified by electronic verification code(EVC) and digital signature. Before e-filing Form 15CB, you must add your CA under authorized partners menu. This is a one-time appointment to be made every Financial Year.
Process to add chartered accountant:
- First, you must add your Chartered Accountant's membership number. This is a unique identification number issued by ICAI to every CA.
- Select ‘Authorised Partners’ tab, and click ‘My Chartered Accountant from the drop-down menu.
- You will be redirected to a page ‘My Chartered Accountant(s).’ Click on the ‘Add CA’ option.
- You will be prompted to add the ‘Membership Number of the CA.’ You can enter it manually or use the search option to find it in the ICAI database. Ensure you enter the correct number, as it cannot be changed later.
- Click on ‘Add,’ and you will be required to give a ‘Confirmation.’ You can review the details of the CA and click on ‘Confirm’ to proceed.
- A message will display ‘Request for adding CA has been submitted successfully, it is pending for acceptance by the CA.’ The CA will receive an email notification about your request and will have to accept it within 15 days. Once the CA accepts your request, he/she will be added as your authorized partner, and you can view his/her details on the portal.
The process of e-filing Form 15CA income tax
- Log in through the e-filing portal of the Income Tax Department using your PAN and password.
- Go to the e-File tab and select Prepare and Submit Online Form (Other than ITR).
- Select Form No. 15CA from the drop-down menu and enter the assessment year and PAN of the remitter.
- Fill in the details in Part A, B, C, or D of the form as applicable and click on Submit.
- A confirmation screen with a transaction ID and acknowledgment number will appear. You can also download the form as a PDF file for your records.
Form 15CB
Before filing Form 15CB, you must add your CA using the process explained for Form 15CA.
- After adding CA as your authorized partner, Form number 15CB will be entered next.
- After adding the CA, the next steps will be completed by your CA.
- Download From 15CB utility from (.xml file) the download page
- After downloading the .xml file, it can be prepared offline.
- Selecting the “e-File” option, click on the “Upload Form” button, and fill in the below details:
- PAN of the remitter
- PAN of the CA
- Form Name – 15CB
- Filing Type – Original
- Next, the prepared .xml file will be uploaded and generated through Utility.
- The DSC Management Utility needs to be downloaded as well. This is needed in uploading the Digital Signature File for the submission to be complete in all respects.
- Click on the “Submit” button and wait for the Success page.
- View the form:
- Once Form 15CB is uploaded and successfully submitted by the CA, the assessee may log in and view the form right under the “Worklist” tab by selecting the “For Your Information” button.
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