Form 15CA & Form 15CB are used as a proof of proper TDS has been deducted on foreign remittance.
Physical Form 15CB is given by a Chartered Accountant to the payer and in turn, Payer files the online Form 15CA with the RBI.
With effect from 12 Feb, 2014 the Form 15 CA need to filed in http://incometaxindiaefiling.gov.in/.
You can download the Form 15CA and upload it online in http://incometaxindiaefiling.gov.in/.
Basic Concepts Related to Form 15CA
W.e.f 01.07.2009, revised procedure for furnishing information for remittances to non residents {c.no 4/2009 dt 29.06 .2009 & c.no 9/2009 dt 30.11.2009}
- Remitter shall obtain a CA certificate in form 15CB .
- Remitter has to be electronically upload the remittance particular to the department in form 15 CA .
- The information to be furnished in form 15CA is to filled using the information contained in form 15CB .
- Remitter will than take the printout of this filled up form 15CA (which will bear an acknowledgement number generated by the system) and sign it.
- Signatory: form 15 CA can be signed by the person authorized to sign the return of income of the remitter or a person so authorized by him in writing .
- The duly signed form 15 CA and form 15CB will be submitted in duplicate to RBI / authorized dealer . RBI/authorized dealer will in turn forward a copy the certificate and undertaking to the assessing officer concerned.
- EXCEPTION FROM OBTAINING THE CA CERTIFICATE – a remitter, who has obtained a certificate from the assessing officer regarding the rate at or amount on which the tax is to be deducted is not required to obtain a CA certificate in form 15 CB. However he is required to furnish the information in form 15 CA and submit it along with the copy of the certificate from the assessing officer as per the procedure mentioned above.
- EXEMPTION TO DIPLOMATIC MISSION- they are not required to obtain the certificate from an accountant / certificate of the assessing officer ( form 15CB ).