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FORM NO. 15CA AND 15CB

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

28 September 2010

HELLO FRIENDS, MY CLIENT HAS TO MAKE THE PAYMENT OF FEES OF HIS SON IN AUSTRALIA THROUGH A BANK AND BANK ASKS FOR FORM NO. 15CA AND 15CB

NOW PLS TELL ME WHAT I ACN GIVE DETAILS IN FORM NO. 15 CB

TDS IS DEDUCTIBLE OR NOT AND IF YES WHAT RATES?

PLS. HELP ME.

I AM IN VERY GREAT NEED.

PLS. REPLY.

I SHALL BE VERY THANKFUL TO ALL.

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12 Replies

Harpreet (* * * * * *) (1670 Points)
Replied 28 September 2010

As per me form 15ca &15cb is only for business transactions not for persone trancsactions. So tell your client to talk with Bank that how could he provide form 15ca & 15cb

RAJ KUMAR (FINANCE MANAGER) (1393 Points)
Replied 28 September 2010

R U SURE?

Harpreet (* * * * * *) (1670 Points)
Replied 28 September 2010

Tell ur client to talk with bank as form 15cb require CA signature. I dont think so everyone use this job to remitt the fund for personel use (like fund for brother, son etc).

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 28 September 2010

Dear Raj,

The bank asks for 15cb even if u transfer the funds from your account in India to your account outside India.You will need to provide the bank with 15ca acknowledgement and 15cb.

You will need to give the following details to your chartered accountant for form 15cb.

1)Name and address of the remitter (your name and address)

2) PAN of the remitter

3) Name of the recipient of the remittance

4) PAN of the recipient

5) Place of business

6)Country to which remittance is made

7) Currency

8) Amount of remittance in foreign currency and in INR

9)BSR code, branch and address of your bank

10)Nature of the remittance

Based on the form 15cb you will have to upload form 15ca and give the acknowledgement to the bank

Regards,

Fatema

1 Like

RAJ KUMAR (FINANCE MANAGER) (1393 Points)
Replied 28 September 2010

THANKS, FATEMA BUT PLS. TELL ME NOW WHAT I CAN WRITE THAT TAX DEDUCTED IS 0. IN THE FORM.OR NOT LIABLE TO DEDUCT THE TDS ON THE FEES OF HIS SON.

RAJ KUMAR (FINANCE MANAGER) (1393 Points)
Replied 28 September 2010

HELLO FRIENDS, PLS. ANYBODY TELL ME.

I AM IN GREAT NEED.

RAJ KUMAR (FINANCE MANAGER) (1393 Points)
Replied 29 September 2010

HELLO FRIENDS, I AM STILL WAITING FOR THE ANSWERS.

FATEMA (CHARTERED ACCOUNTANT) (719 Points)
Replied 29 September 2010

Hi Raj,

I saw the optionsavailable.Mainly they are all related to some or the other incomes.But as your remittance does not fall in any of the income heads,please write the reason as " repatriation of surplus funds" for not deducting TDS.

The moment you chose any of the income head,it means you are accepting that the income is generated in India and TDS is applicable.Instead swim with the current and write it is repatriation of funds.

Regards,

Fatema

raghav bajaj (prop) (21 Points)
Replied 08 August 2011

i want to remitt 500 usd to uk my bank ask for form 15ca & 15 cb

whereas my remittance is personal

covered in S-1102 personal, cultural services

reply soon

Janki (articlE) (21 Points)
Replied 04 October 2013

Hello,I have filled 15 CA, but I had entered wrong email address & a wrong phone no.So what should I do for Regeneration of that 15CA? Please give me some guidence.

Ankit (1) (24 Points)
Replied 11 April 2019

Nature of your remittance, whether it is taxable or how much amount you want to transfer, in case if income, have you obtained any lower tds certificate - decides that nature of form 15CA. Basis on this, it is decided whether form 15CB is required or not.

Banks just give a checklist that they need form 15ca/cb, even if in the case it is not required and then sometimes, they are required to be explained.

Hence, it will depend on case to case.

For professional opinion and submission of forms, you may contact the undersigned

CA Ankit Aggarwal
9999274569