Requirement of 15 cb certificate

There is no requirement of Form 15CB in this case, but banks are insist that they require Form 15CB to process the payment.

There is no requirement of Form 15CB in this case, but banks are insist that they require Form 15CB to process the payment.

Is there any available notification or some literature which can be presented in bank?

Hi,

A CA certificate in Form No. 15CB will be required to be furnished only in respect of such payments made to non-residents which are chargeable to tax and the amount of payment during the year exceeds Rs. 5 lakh.

But as already said, some banks may insist on 15CA and 15CB. But as per the law, 15CB is not required. Only 15CA will suffice. You can check with your bank on the same.

Regards

Bharath.

Thank you very much