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15CA & 15CB Filing – Foreign Remittance Compliance Made Easy
Whenever you send money abroad from India, compliance with Income Tax rules is mandatory to ensure the transaction is legal, tax-compliant, and properly documented. Incorrect remittance without filing Form 15CA and 15CB can lead to penalties, delays, or rejection by banks.
At Company Mitra, we provide end-to-end 15CA & 15CB Filing Services, ensuring your foreign payments comply with legal requirements and are processed smoothly.
Overview
The Income Tax Act mandates filing Form 15CA (Declaration by the Remitter) and 15CB (Certificate from Chartered Accountant) before making eligible foreign remittances. These forms serve as proof that applicable taxes have been deducted, or the transaction is exempt as per Indian tax laws.
Our experts at Company Mitra assist with accurate preparation of both forms, ensuring complete legal compliance for your foreign remittances.
What is Form 15CA & 15CB?
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Form 15CA:
Online declaration by the person sending money abroad, submitted to the Income Tax Department. -
Form 15CB:
A certificate issued by a Chartered Accountant (CA), certifying the nature of remittance, applicable tax provisions, DTAA benefits, and confirming tax compliance.
Who Needs to File 15CA & 15CB?
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Individuals sending funds abroad for investments, property purchase, education, medical expenses, etc.
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Businesses making payments to foreign vendors, consultants, or service providers
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Startups or companies paying royalties, technical fees, or commissions abroad
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Exporters making commission or service payments
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Any entity required to remit money outside India for eligible purposes
When Both Forms Are Required
✔ Taxable remittance exceeding ₹5 Lakh
✔ CA certification mandatory (Form 15CB)
✔ Followed by submission of Form 15CA (Part C)
When Only Form 15CA is Required
✔ Non-taxable remittance under specified exemptions
✔ Remittance below ₹5 Lakh
✔ If a lower/nil deduction certificate is obtained under Section 197
Our 15CA & 15CB Filing Service Includes
✔ Review of remittance details and applicable tax laws
✔ Verification of Double Taxation Avoidance Agreements (DTAA) benefits
✔ TDS deduction computation (if applicable)
✔ Preparation and issuance of Form 15CB by a qualified Chartered Accountant
✔ Online filing of Form 15CA with the Income Tax Department
✔ Complete documentation provided for bank submission
✔ End-to-end guidance ensuring error-free remittance processing
Benefits of Choosing Our Service
✔ 100% legal and tax-compliant foreign remittance
✔ Smooth bank processing without delays or rejections
✔ Expert handling of DTAA provisions and tax applicability
✔ Avoidance of penalties or incorrect tax deductions
✔ Peace of mind with CA-certified documentation
✔ Quick turnaround for urgent remittances
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PAN Card and Aadhar (if individual remitter)
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Remitter and Beneficiary details (Name, Address, Country)
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Purpose of remittance and invoice (if business-related)
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Bank account details for remittance
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Previous Form 15CA/CB copies (if applicable)
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Relevant agreements or contracts for services/royalty payments
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Tax residency certificate (if DTAA benefits claimed by the recipient)
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Proof of source of funds for large remittances (as required by the bank)
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Initial consultation and document collection: 1 working day
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Taxability assessment and CA certification (Form 15CB): 1-2 working days
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Online filing of Form 15CA and document handover: Same day after certification
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We conduct an initial consultation to understand the purpose and nature of your foreign remittance
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Our experts verify applicable tax provisions and Double Taxation Avoidance Agreement (DTAA) benefits
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You submit necessary documents including remittance details, agreements, invoices, and beneficiary information
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Our experts reviews your transaction and prepares Form 15CB certification, confirming tax compliance
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We file Form 15CA online with the Income Tax Department, based on Form 15CB
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We provide you with both Form 15CA and Form 15CB, ready for bank submission
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Our team offers support for any queries from the bank or during remittance processing
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We maintain a compliance record for your future foreign remittance requirements
Q1. Is 15CA/CB mandatory for every foreign remittance?
Not always. Some exempt categories exist, but taxable or significant remittances typically require both forms.
Q2. Who can issue Form 15CB?
Only a practicing Chartered Accountant can issue Form 15CB after verifying applicable tax provisions.
Q3. What is DTAA and how does it help?
DTAA (Double Taxation Avoidance Agreement) prevents double taxation on income between two countries, allowing lower TDS rates in some cases.
Q4. Can you assist with remittance for property purchase abroad?
Yes, subject to RBI guidelines, we provide 15CA/CB filing for eligible property investments.
Q5. Is tax deduction always required for foreign payments?
No, it depends on the nature of the payment, applicable tax provisions, and DTAA benefits.
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