Question 1

What is Form 15CA and Form 15CB and when are they required in India?

Accepted Answer

Under Section 195 of the Income Tax Act and Rule 37BB, any resident individual or business remitting funds overseas to a non-resident or foreign company must furnish Form 15CA (electronic declaration by remitter) and Form 15CB (tax certification by a practicing Chartered Accountant) before the bank will process the outward foreign exchange wire.

Question 2

What are the four parts of Form 15CA (Part A, B, C, D)?

Accepted Answer

Part A is filed if remittance is taxable and does not exceed ₹5 Lakhs in the financial year. Part B is filed if remittance exceeds ₹5 Lakhs with a Section 195/197 lower TDS certificate from the tax officer. Part C is filed if remittance exceeds ₹5 Lakhs and requires a CA certificate in Form 15CB. Part D is filed if the remittance is 100% non-taxable under the specified list of 33 exempt payments.

Question 3

When is a Chartered Accountant certification in Form 15CB mandatory?

Accepted Answer

Form 15CB is compulsory whenever the remittance to a foreign vendor exceeds ₹5 Lakhs in a financial year and the payment is taxable in India (such as for software licenses, royalty, fees for technical services, foreign consultancy, overseas advertising, or equipment import).

Question 4

How does the Double Taxation Avoidance Agreement (DTAA) reduce foreign remittance tax?

Accepted Answer

Under Section 90(2), the provisions of the DTAA treaty between India and the foreign vendor's country apply if they are more beneficial than domestic tax laws. By collecting a Tax Residency Certificate (TRC) and Form 10F from the overseas vendor, our CAs can legally reduce the TDS rate from 20% down to 5%–10% or achieve 0% tax.

Question 5

Who will issue the Form 15CB certificate at TaxQue?

Accepted Answer

Your Form 15CB is certified and digitally signed by a practicing Chartered Accountant using their unique Document Identification Number (UDIN) generated on the ICAI portal, ensuring 100% acceptance by all Authorized Dealer (AD) banks.

Question 6

What documents are required to process Form 15CA and 15CB?

Accepted Answer

You need the Foreign Vendor's Proforma Invoice / Agreement, the foreign vendor's Tax Residency Certificate (TRC), Form 10F, No PE (Permanent Establishment) declaration, remitter bank details, and the remitter's PAN. We provide standard templates for TRC and Form 10F.

Question 7

How fast can TaxQue issue Form 15CA and Form 15CB?

Accepted Answer

Our direct tax desk processes document verification, drafts the tax computation, generates the ICAI UDIN, and uploads Form 15CB and Form 15CA on the e-filing portal within 4 to 8 hours on the same business day.

Question 8

What happens if a foreign vendor does not have a PAN in India?

Accepted Answer

Under Section 206AA, non-availability of PAN attracts higher 20% TDS. However, under Rule 37BC, higher TDS does not apply if the foreign vendor furnishes their foreign Tax Identification Number (TIN), email ID, address, and Tax Residency Certificate (TRC). TaxQue validates Rule 37BC compliance.

Question 9

What are the common non-taxable remittances under Form 15CA Part D?

Accepted Answer

Common exempt remittances include foreign education expenses, personal family maintenance, advance against physical goods imports, overseas medical treatment, and international travel bookings. TaxQue prepares Form 15CA Part D for instant bank processing.

Question 10

What are the penalties for remitting funds abroad without Form 15CA/15CB?

Accepted Answer

Under Section 271-I, failing to furnish Form 15CA/15CB or furnishing inaccurate information attracts a mandatory penalty of ₹1,00,000 per violation. In addition, the bank will refuse to process the outward SWIFT wire.

Question 11

What is an A2 Form and how does it relate to Form 15CA/15CB?

Accepted Answer

The A2 Form is the FEMA declaration submitted to your Authorized Dealer bank under RBI guidelines. Along with Form 15CA/15CB and the 15CA acknowledgment, the A2 Form completes the bank wire package. TaxQue assists in compiling the complete bank submission bundle.

Question 12

Can an Indian individual send money abroad to children studying overseas under LRS?

Accepted Answer

Yes. Under the Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for education or maintenance. If the payment is non-taxable, our team generates Form 15CA Part D to ensure immediate bank clearance.

Question 13

How do you calculate Equalisation Levy vs TDS on overseas digital advertising (Google/Meta)?

Accepted Answer

Payments for overseas online advertising or digital services may attract Equalisation Levy or TDS under Section 194J/195 depending on the foreign entity's permanent establishment in India. Our international tax team evaluates the exact classification to protect you from tax disallowances.

Question 14

Can Form 15CA be revised or withdrawn after submission?

Accepted Answer

Form 15CA can be withdrawn on the Income Tax e-filing portal within 7 days from the date of submission if the outward remittance was cancelled or details changed. We handle swift withdrawal and re-filing.

Question 15

How does TaxQue ensure our cross-border payments comply with RBI and FEMA guidelines?

Accepted Answer

Our cross-border compliance practice verifies both Income Tax (Section 195/DTAA) and RBI FEMA outward remittance limits before issuing the CA certificate, ensuring seamless processing by your bank.

Question 16

What is the fee for Form 15CA and Form 15CB certification with TaxQue?

Accepted Answer

We offer transparent, fixed pricing per remittance certificate, including full DTAA treaty analysis, ICAI UDIN generation, Form 15CB CA certification, and Form 15CA portal upload with zero hidden charges.

Feature & Deliverable Matrix	Basic	Standard★ Most Popular	Premium
Filing eligibility & form selection	✓	✓	✓
Remitter, recipient & document review	✓	✓	✓
Payment purpose & taxability screening	✓	✓	✓
Applicable Form 145 filing	✓	✓	✓
Filed form & acknowledgement	✓	✓	✓
Withholding-tax calculation review	—	✓	✓
Routine DTAA documentation check	—	✓	✓
Practising CA certification — Form 146	—	✓	✓
Detailed DTAA & TRC eligibility review	—	—	✓
Written withholding-tax computation note	—	—	✓
One routine bank clarification response	—	—	✓

Document Type	Specific Records Required	Purpose / Notes
Foreign Vendor Commercial Invoice	Invoice showing beneficiary name, overseas address, description of services/goods, currency, and amount	Basis of international remittance
Service Agreement / Contract	Underlying software license, technical consulting, royalty, or import purchase agreement	To determine taxability under Section 9 & DTAA
Tax Residency Certificate (TRC)	Valid TRC issued by the foreign government tax authority of the beneficiary country	Mandatory under Section 90(4) to claim DTAA benefits
Form 10F (Electronic)	Form 10F generated on CBDT portal by foreign beneficiary (if TRC lacks prescribed details)	Mandatory under Rule 21AB
No Permanent Establishment (PE) Declaration	Declaration from foreign vendor stating they do not have a fixed place of business or PE in India	Exempts business profits from Indian taxation under Article 7

Compliance Event	Mandatory Due Date	Statutory Penalty for Default
Filing Form 15CA & 15CB	Prior to remitting funds through Authorized Dealer Bank	Bank cannot execute outward wire transfer without valid 15CA/CB
Section 271I Penalty (Non-Filing)	Applicable on failure to furnish information	Flat penalty of ₹1,00,000 per remittance under Section 271I
Quarterly Form 27Q Filing	31st of month following quarter in which TDS was deducted	₹200 per day late fee under Section 234E + 1.5% pm interest

Remittance Category & Quantum	Applicable Form	Requirement Details
Remittance <= ₹5 Lakhs in FY (Taxable)	Form 15CA (Part A)	No Form 15CB required from Chartered Accountant
Remittance > ₹5 Lakhs in FY (Taxable)	Form 15CA (Part C) + Form 15CB	Mandatory Form 15CB certificate from practicing CA with UDIN
Order from AO under Section 195(2) / 197	Form 15CA (Part B)	Lower or nil withholding certificate issued by tax officer
Specified 33 Non-Taxable Items (Rule 37BB)	Form 15CA (Part D)	No 15CB required (e.g. advance payment for imports, travel)

Parameter	TaxQue International Tax Desk	Local General CA	Unassisted DIY Attempt
DTAA & TRC Scrutiny	Examines Article 12 (Royalty/FTS) & Most Favoured Nation (MFN) clauses	Applies domestic 20%/40% rate without treaty benefit	Unfamiliar with DTAA provisions
UDIN Verification	Instant verifiable UDIN generated on ICAI portal	Delays in UDIN generation cause bank wire rejection	Cannot self-certify Form 15CB
Bank Acceptance Guarantee	Pre-formatted compliance dossier accepted by HDFC, ICICI, SBI, Citi	Frequent bank rejections due to missing clauses	Bank rejects remittance immediately
Form 27Q Integration	Simultaneous setup for quarterly NRI TDS return filing	Leaves quarterly 27Q filing to client	Misses 27Q filing (incurs 234E late fees)

Accounting

15CA-15CB Filing

Timeline conditions

Get Free Expert Consultation

Right Plan For 15CA-15CB Filing

Form 15CA & Form 15CB CA Certification for Foreign Remittances

What is 15CA-15CB Filing?

Section 271I Penalty Alert

How to Get Started

Agreement Scrutiny & DTAA Treaty Analysis

Form 15CB CA Certification & UDIN Generation

Form 15CA Submission & Bank Clearance Dossier

Documents Required for 15CA-15CB Filing

Statutory Deadlines & Compliance Timelines for Remittances

Form 15CA Parts Applicability Matrix

Why Choose 15CA-15CB Filing

Express 2 to 4 Hours Turnaround

DTAA Treaty Rate Optimization

Direct Bank Liaison & A2 Assistance

Eligibility & Scope for Foreign Remittances

1Commercial Businesses & Corporates

2Individuals & NRIs

TaxQue Remittance Advisory vs Standard CA Certificates

Key Features of TaxQue 15CA & 15CB Services

Same-Day CA Sign-Off

DTAA Tax Saver

Full FEMA & RBI Alignment

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