15 ca and 15 cb details

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This discussion explains the process for preparing Forms 15CA and 15CB, which are required for making payments outside India. Form 15CA is necessary for all such payments, while Form 15CB, a CA certificate, is mandatory if the transaction value exceeds Rs 500,000. Both forms are generated via the income tax portal. The thread also touches upon important considerations like Double Taxation Avoidance Agreements (DTAA), particularly for payments to the USA, and TDS implications.

mohamed ali & co

mohamed ali & co (Querist)

15 February 2023 What is the procedure for preparing forms 15ca and 15cb? Can the experts explain the provisions plea

CA Altamush Zafar

CA Altamush Zafar (Expert)

15 February 2023 If you are making payment outside India then you will have to prepare for 15ca. If the value of transaction is above Rs 500000 then you need CA certificate in form 15cb. Both forms are generated on income tax portal This is broad explanation. There are many more points like dtaa, TDS to be deducted or not etc.

CA Altamush Zafar

CA Altamush Zafar (Expert)