Withdrawal of Certificate in form 15CB

Time Limit for Withdrawing Form 15CB As per the RBI guidelines, a Chartered Accountant (CA) can withdraw Form 15CB within 7 days from the date of issuance.

 Adverse Implications If Form 15CB is not withdrawn within the specified time limit:

1. _No adverse implication for the client_: The client has already withdrawn Form 15CA, which is a prerequisite for remittance.

The non-withdrawal of Form 15CB will not impact the client's remittance process.

 2. _CA's liability_: The CA who issued Form 15CB may face consequences for not withdrawing the form within the stipulated time.

However, considering the CA's hospitalization, this may be considered a valid reason for non-withdrawal.

 Course of Action Given the circumstances: 1. _Wait for the CA's recovery_: If possible, wait for the CA to recover and withdraw Form 15CB.

2. _Contact the CA's partner or colleague_: If the CA has a partner or colleague, contact them to withdraw Form 15CB.

 3. _Client's bank may accept Form 15CA_: Since the client has already withdrawn Form 15CA, their bank may accept it for remittance purposes.

Additional Tips 1. _Keep records of communication_: Maintain records of communication with the CA, their partner/colleague, and the client's bank.

Thank you for the reply.

1. Having already withdrawn form 15CA, I understand the client will need to submit another 15CA at the time of remittance. Please confirm if this is correct.
2. No one except the hospitalised CA knows his ARCA password - not even his immediate family members or office colleagues. In that case, if it is not withdrawn within 7 days, can it be withdrawn later on?
3. The client wants to remit the amount after about a month and half. If old form 15CB could not be withdrawn, will there be any problem at the time of next form 15CB when he actually wants to transfer the money?

Thanks in advance.

Form 15CA and Remittance You are correct that the client needs to submit another Form 15CA at the time of remittance.

Withdrawal of Form 15CA If the Form 15CA is not withdrawn within 7 days, it can still be withdrawn later. 

However:

 1. _Login credentials required_: The CA's ARCA password is required to withdraw the Form 15CA. Since only the hospitalized CA knows the password, withdrawal might be challenging.

 2. _No time limit for withdrawal_:

Although there's no specific time limit for withdrawal, it's recommended to withdraw the Form 15CA as soon as possible to avoid any potential issues. 

Impact on Next Form 15CB If the old Form 15CB cannot be withdrawn, it might not directly impact the next Form 15CB. 

However: 

1. _New Form 15CB required_: A new Form 15CB will be required for the actual remittance.

 2. _CA's certification required_:

The CA will need to certify the new Form 15CB, ensuring compliance with the necessary regulations. Recommendations

 1. _Coordinate with the hospitalized CA_: Try to coordinate with the CA to obtain the ARCA password or arrange for an alternate arrangement.

2. _Withdraw the Form 15CA_: Withdraw the Form 15CA as soon as possible to avoid any potential issues.

 3. _Obtain a new Form 15CB_: Obtain a new Form 15CB for the actual remittance, ensuring the CA's certification and compliance with regulations.

No, once a Form 15CB is issued and digitally signed by a Chartered Accountant, it cannot be withdrawn or deleted through the Income Tax portal. It becomes part of the record and is linked to the corresponding Form 15CA (Part C) submitted by the remitter.

However, if there is any mistake or change in transaction details, the corrective approach is:

• Do not proceed with remittance using the incorrect 15CB.

• Instead, issue a fresh 15CB with correct details.

• File a new Form 15CA (Part C) referencing the new 15CB.

• Inform the bank to ignore the earlier submission.

Also, to save time and avoid manual errors in repeated entries, you can use our Excel-based utility to generate bulk XML for Form 15CA and 15CB, including support for multiple invoices.

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