Form 15CA and 15CB are required under the Income Tax Act, 1961 in India for remittances to non-residents (foreign payments). These forms are part of compliance to ensure that payments made outside India are reported and taxed appropriately.
It is a declaration of the remitter (person making payment) stating that the payment being made to a non-resident is in compliance with Section 195 of the Income Tax Act.
This form details the nature of payment, amount, and applicable taxes deducted (if any) before making a remittance.
The person or entity making the payment (remitter) submits this form online on the Income Tax portal.
It is a Tax Determination Certificate issued by a Chartered Accountant (CA) to ensure that the provisions of the Income Tax Act, Double Taxation Avoidance Agreement (DTAA), and Tax Deducted at Source (TDS) have been properly followed before remitting money abroad.
It certifies the nature of payment, taxability, and rate of tax as per the DTAA and Income Tax Act.
The person or entity making the payment (remitter) submits this form online on the Income Tax portal.
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Arrange the documents required to find out Tax Liability & Generate Form 15CA/CB
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Get Forms 15CA /CB in 2-3 working days
Provide these Forms to the Bank to execute and complete the remittance.
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*(Exclusive of Government fees & taxes)