All About Form 15CA and 15CB: Applicability, Fee, Download, Remittances

Payments outside India are subject to some rules or provisions. A provision of the act required the submission of Forms 15CA and 15CB. Below, we will review the details of forms 15CA and 15CB. You can also download forms 15CA and 15CB from the following links. You can find everything you wanted to know about 15CA or 15CB applicability, foreign remittances, notifications, latest updates, fees, and download links in one place.

Updates:   A press release dated 14th June 2021 announced that taxpayers can now submit forms 15CA and 15CB manually to authorised dealers until 30th June 2021. You can say that the press release has relaxed the provisions to furnish 15CA and 15CB electronically on the new e-filing portal.

Applicability of Form 15CA and Form 15CB

Applicability of Form 15CA and Form 15CB: Here is the table to check which form 15CA or 15CB is applicable for which payment.

Sr.No. Form 15CA Form 15CB
1 Part A- Form 15CA
(Payment is chargeable to tax + Amount of payment does not exceed Rs. 5 Lakh)
No
2 Part B – Form 15CA
(Payment is chargeable to tax + Amount of payment exceeds Rs. 5 Lakhs + AO certificate for lower or nil withholding tax)
No
3 Part C- Form 15CA
(Payment is chargeable to tax + Amount of payment exceeds Rs. 5 Lakh)
Yes
4 Part D – Form 15CA
(Payment is not chargeable to tax)
No

Non-Applicability of Form 15CA and Form 15CB

Non-Applicability of Form 15CA and Form 15CB: There are some payments to non-residents for which no form 15CA or 15CB is to be filed.

  • Payment by an individual which doesn’t require RBI’s approval
  • The payment covered under the negative list

Negative List for Non-Applicability for Form 15CA and Form 15CB

Negative List for Non-Applicability for Form 15CA and Form 15CB: Rule 37BB

Sl. No. Purpose code as per RBI Nature of payment
(1) (2) (3)
1 S0001 Indian investment abroad-in equity capital (shares)
2 S0002 Indian investment abroad-in debt securities
3 S0003 Indian investment abroad-in branches and wholly-owned subsidiaries
4 S0004 Indian investment abroad-in subsidiaries and associates
5 S0005 Indian investment abroad-in real estate
6 S0011 Loans extended to Non-Residents
7 S0101 Advance payment against imports
8 S0102 Payment towards imports-settlement of invoice
9 S0103 Imports by diplomatic missions
10 S0104 Intermediary trade
11 S0190 Imports below ₹ 5,00,000-(For use by ECD offices)
12 S0202 Payment for operating expenses of Indian shipping companies operating abroad.
13 S0208 Operating expenses of Indian Airlines companies operating abroad
14 S0212 Booking of passages abroad – Airlines companies
15 S0301 Remittance towards business travel.
16 S0302 Travel under basic travel quota (BTQ)
17 S0303 Travel for pilgrimage
18 S0304 Travel for medical treatment
19 S0305 Travel for education (including fees, hostel expenses etc.)
20 S0401 Postal services
21 S0501 Construction of projects abroad by Indian companies including import of goods at project site
22 S0602 Freight insurance – relating to import and export of goods
23 S1011 Payments for maintenance of offices abroad
24 S1201 Maintenance of Indian embassies abroad
25 S1202 Remittances by foreign embassies in India
26 S1301 Remittance by non-residents towards family maintenance and savings
27 S1302 Remittance towards personal gifts and donations
28 S1303 Remittance towards donations to religious and charitable institutions abroad
29 S1304 Remittance towards grants and donations to other Governments and charitable institutions established by the Governments
30 S1305 Contributions or donations by the Government to international institutions
31 S1306 Remittance towards payment or refund of taxes
32 S1501 Refunds or rebates or reduction in invoice value on account of exports
33 S1503 Payments by residents for international bidding.

Form 15CA

When payment made is below Rs 5 lakh

  • For such payments information is required to be submitted in Part A of Form 15CA

When Payment exceeds Rs. 5 Lakh

  • For such payments information is required to be submitted in Part A of Form 15CA
  • Part C of Form 15CA
  • Certificate in Form 15CB from an accountant

When the payment made is not chargeable to tax under IT Act

  • Part D of Form 15CA is required to be submitted.

Download Form 15CA 

Form 15CB

When to File form 15CB: It has to be filed if both the following conditions are satisfied.

  • When payment made to non-resident is chargeable to tax
  • Aggregate payment is more than Rs. 5 Lakh

Download Form 15CB

Documents Required for Form 15CA & 15CB

  • PAN of Remitter
  • Invoice for which the payment is made
  • Bank account details from which payment is made
  • BSR code of the bank from which payment is made
  • Digital signature of Remitter

Changes in Rules

Form 15CA and Form 15CB need not be furnished by an individual for remittance which does not require RBI approval.

  • The list of remittances of specified nature which does not require submission of Form 15CA and Forms 15CB as per Rule 37BB is extended.
  • The payments which are above Rs.5,00,000 and are also taxable only require submission of Form 15CB.

Check Detail Instructions to File 15CA & 15CB 

Different parts of the Form 15CA are for different remittances i.e:

Part A: The remittance does not exceed Rs.5,00,000 during the financial year and the remittance is chargeable to tax as per the provisions of the income tax act.

Part B: The remittance does not exceed Rs.5,00,000 during the financial year and it is chargeable to tax under provisions of the act and an order/ certificate u/s 195(2) or 195(3) or 197 of the income tax act has been obtained from the assessing officer.

Part C: The remittance exceeds Rs.5,00,000 during the financial year and it is chargeable to tax under the provisions of the act and a certificate in Form 15CB from CA has been obtained.

Part D: The remittance is not chargeable to tax under the provisions of the act [payments other than referred to in Rule 37BB(3)]

Points to be remembered

  • The rules regarding submission of Form 15CA and Form 15CB are revised. These revised rules are effective from 01 April 2016
  • Form 15CA and Form 15CB both are to be filed electronically
  • There is a penalty of Rs.1,00,000 for each default of non-filing.
  • There is an option for the withdrawal of Form 15CA before payment i.e within 7 days of submission of the Form online.

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