Form 15 ca and 15cb

To help your client with the 15CA and 15CB forms, here’s a step-by-step guide on how to proceed:

Steps to File Form 15CA and Form 15CB:

1. Form 15CB (CA Certificate):

   • This form needs to be issued by a Chartered Accountant (CA). The CA will verify the nature of the remittance and the applicable TDS (Tax Deducted at Source).

   • The CA will check if any tax is applicable on the amount being transferred and calculate the TDS rate as per Indian tax laws or the DTAA (Double Taxation Avoidance Agreement), if applicable.

   • Once verified, the CA will generate Form 15CB, certifying that all tax compliance has been met.

2. Form 15CA (Self-Declaration by the Remitter):

   • This form is filled by the remitter (your client), providing details about the remittance and confirming that the applicable tax has been deducted (if any).

   • Form 15CA is submitted online via the Income Tax e-filing portal.

   • Depending on the remittance details, Part A, B, C, or D of the form will be applicable. In most cases, Part C or D is used for remittances to foreign countries.

3. Bank Submission:

   • After completing Form 15CB (from the CA) and Form 15CA (filled by the client), both forms need to be submitted to the bank.

   • The bank will require these forms to process the outward remittance to the other country.

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For a client transferring funds abroad, check if the payment is taxable and exceeds ₹5 lakh in the financial year. If taxable and above ₹5 lakh, a Chartered Accountant must first issue Form 146 (formerly 15CB), after which the remitter submits Form 145 (formerly 15CA) on the Income Tax portal and hands the acknowledgments to their bank.