Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Query Form 15CA and Form 15CB

26 May 2021

i am non resident of india. purchased a residential flat in india in FY 2017-18 and sold in FY 2019-20. Funds from sale consideration are in my NRO account and I want to move funds in my NRE account. Sale consideration is 56 lakhs.
please specify which part of Form 15CA to be filed and Form 15CB ??

Reply
Follow
Share

4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 27 May 2021

You should mention the details under section B under the head " Remittance" of form 15CA and 15CB

Upgrade to CAclubindia Pro. Subscribe Now!

Shankar Rugge (376 Points)
Replied 27 May 2021

I think you should fill 15CB and upload. 15CA will then be generated.

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 30 May 2021

Agree with my previous answer

Roodita Gaikwad (Practice) (4654 Points)
Replied 22 April 2025

In this case, as the funds from the sale of property are in your NRO account, and you are now looking to transfer the funds to your NRE account, the following applies:

Form 15CA Part C should be filed since the sale proceeds are above ₹5 lakh, and it involves a transfer from your NRO account to your NRE account. Part C is applicable when tax is payable on the remittance, or TDS has been deducted at source on the sale of property.
Form 15CB should be obtained from your Chartered Accountant (CA). The CA will verify and certify the TDS deduction on capital gains (if applicable), as per Section 195, and provide the required details for Form 15CA.

Part C of Form 15CA will include the details of the remittance and confirm the TDS details.
Form 15CB will certify the TDS deduction under Section 195 and provide confirmation that the correct tax has been paid.

To simplify the filing process and save time, you can use our Excel-based utility to generate Form 15CA and 15CB XML in bulk, ensuring accuracy and easy submission to the Income Tax portal.