Simplify Your Compliance with Expert 15CA & 15CB Certification Services
Ensure smooth and hassle-free foreign remittance compliance with our specialized 15CA and 15CB certification services. Our team of experts is here to guide you through every step of the process with accuracy and efficiency..
Form 15CA
A declaration submitted by the remitter to the Income Tax Department, detailing payments made to non-residents and ensuring compliance with Section 195 of the Income Tax Act.
Form 15CB
A certificate issued by a Chartered Accountant, verifying the correctness of the tax deduction on payments made to non-residents as per applicable tax laws and Double Taxation Avoidance Agreements (DTAA).
Who Needs 15CA & 15CB Certification?
- Individuals or Businesses making foreign remittances for:
- Import/export payments.
- Royalty or technical services.
- Interest or dividend payments.
- Overseas education fees.
- Investments and repatriations.
- Any other payment made outside India which may/may not be subject to taxation in India.
- Banks and Financial Institutionsrequire these forms before processing foreign transactions.
When is 15CA & 15CB Required?
- Before Making Foreign Payments: The forms must be submitted prior to processing the remittance.
- Specific Scenarios:
- Payments taxable in India.
- Transactions exceeding specific thresholds as per regulatory guidelines.
Why is 15CA & 15CB Important?
Compliance
Ensures adherence to Indian tax regulations and avoids penalties.
Avoid Double Taxation
Utilizes DTAA benefits to avoid over-taxation.
Transparency
Provides clear documentation of international transactions.
Bank Requirement
Mandatory for banks to process foreign remittances.
How to Obtain 15CA & 15CB Certification?
- Understand the Transaction: Identify the nature of payment and its tax implications.
- Tax Deduction Evaluation: Determine applicable TDS rates as per Income Tax laws or DTAA.
- Certification Process:
- Step 1: Submit relevant documents to the Chartered Accountant for analysis.
- Step 2: The CA prepares and certifies Form 15CB based on transaction details.
- Step 3: File Form 15CA online on the Income Tax Department’s e-filing portal.
- Submit to the Bank: Share the certified forms with your bank to process the remittance.
- PAN of Remitter: Mandatory for tax assessment purposes.
- Remittance Agreement: Agreement or invoice supporting the payment.
- Tax Residency Certificate (TRC): From the recipient to claim DTAA benefits.
- Nature of Payment Details: Supporting documents indicating the purpose of remittance.
- Bank Details of Remitter and Recipient: For transaction processing.
- Any Relevant Correspondence: Email or written communication regarding the payment.
Document Collection
1-2 business days, depending on availability.
CA Certification (Form 15CB)
1-2 business days after receiving complete documentation.
Filing Form 15CA
Same day, post-certification
Bank Submission
Immediate, once forms are completed and certified.
Why Choose Our Services?
Experienced Professionals
Chartered Accountants with expertise in international tax compliance.
Quick Turnaround
Timely certification to meet your remittance deadlines.
Customized Solutions
Tailored guidance based on the nature of your transaction.
End-to-End Support
From documentation to filing and liaising with banks.
Accuracy and Compliance
Meticulous attention to detail to avoid errors and penalties.
Make Your Foreign Remittances Stress-Free
Whether you’re an individual or a business, our 15CA and 15CB certification services ensure seamless foreign remittance compliance. Contact us today for a hassle-free experience.