Form 15ca and 15cb for remittance

A person responsible for making a payment to a non-resident or to a foreign company has to provide the following details –

When payment made is Rs 5lakhs or less

For such payments information is required in Part A of Form 15CA

When payment made exceeds Rs 5lakhs

A certificate from Assessing Officer under Section 197

An order from Assessing Officer under section 195(2) or 195(3)

Part B of Form 15CA has to be provided

Certificate in Form 15CB from an accountant

Part C of Form 15CA

Thus the Form 15CA is a Form which is required to be filed online with tax department. After that proof of online submit should be printed out. This copy is required to be given to the Bank as a proof of tax clearance from department.

What is form 15CB?

Form 15 CB is Form which is required to be signed by a Chartered Accountant. This is a kind of certification regarding rates and right kind of tax paid by you. Certain details are required from Form 15CB at the time of filing Form 15CA.

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