Query from form 15CA and 15CB

For an NRI remitting funds (such as property sale proceeds) from an NRO account to an NRE or overseas bank account, the tax compliance process involves two primary forms: Form 15CA and Form 15CB.

Summary of Requirements

• Form 15CB: This is a Chartered Accountant’s (CA) certificate. It is mandatory when the total remittance in a financial year exceeds ₹5 lakhs. The CA certifies that the funds are clean, tax obligations (if any) are met, and the remittance complies with the Income Tax Act and DTAA provisions.

• Form 15CA: This is a self-declaration filed by you (the remitter) on the Income Tax e-filing portal. It references the acknowledgment number of your Form 15CB.

Which Part of Form 15CA to File?

Since you are transferring property sale proceeds, your remittance will almost certainly exceed ₹5 lakhs. Therefore, you should use Part C of Form 15CA.

• Part A: For remittances not exceeding ₹5 lakhs in a financial year (no 15CB required).

• Part B: For cases where you have obtained an order from the Assessing Officer under Section 195(2), 195(3), or 197.

• Part C: The standard choice for property sales. This is used when the remittance exceeds ₹5 lakhs and you have obtained a certificate in Form 15CB from a CA.

• Part D: For remittances that are not chargeable to tax under the Income Tax Act.

Step-by-Step Process for Your Remittance

1. Engage a Chartered Accountant: Contact a CA in India to prepare and file Form 15CB on your behalf. They will need documents such as:

   • Proof of the property sale (Sale Deed).

   • Details of TDS deducted by the buyer (Form 16A).

   • Capital gains computation.

   • Your PAN, bank statements, and basic KYC documents.

2. Obtain the Acknowledgment Number: Once the CA submits Form 15CB online, you will receive a unique acknowledgment number.

3. File Form 15CA (Part C):

   • Log into the Income Tax e-filing portal.

   • Navigate to e-File > Income Tax Forms > File Income Tax Forms.

   • Select Form 15CA and choose Part C.

   • Enter the 15CB acknowledgment number; many fields will auto-populate.

   • Complete the details (remittance amount, bank info, purpose code) and submit.

4. Submit to Your Bank: Print the submitted Form 15CA and provide it along with the 15CB acknowledgment to your bank to process the transfer.

Note: As of April 1, 2026, there have been updates to tax reporting forms (specifically referenced as Forms 145 and 146 in some newer contexts). Please confirm with your CA if they are using the latest, currently mandated version of these forms at the time of your specific filing.

Summary: For your ₹56 lakh property sale remittance, you must file Form 15CA Part C. This requires you to first obtain a Form 15CB certificate from a Chartered Accountant, which you will reference when filing your online declaration.