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Form 15CA

Form 15 CA Online filing is necessary if you are making payments outside India to an Individual NRI or a Foreign Company. File yours now with Ebizfiling, prices start at 3499/- only.

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Everything about Form 15CA under Income Tax Act

All you need to know about Form 15 CA online filing

During business, it happens that many payments are made outside India. When payments are made outside India, there is certain compliance that one needs to follow and tax is required to be deducted for any sum which is taxable under the Income Tax Act. The purpose of this compliance is to collect information in respect of the payments that are chargeable to tax in the hands of recipient NRI. The main requirement is to file Form 15CA for any payment made outside India to an NRI. Form 15 CA needs to be filed online on official website of Income Tax department.

What is Form 15CA?

  • Form 15CA is a declaration made by the person remitting the money wherein he states that he has deducted the tax from any payments so made to the non-resident.
  • It needs to be filed by the remitter- a person making the payment to an NRI or a Foreign Company.
  • Form 15 CA is also used as a tool to gather information regarding the payments that are chargeable to tax.
  • Through this form, the Income Tax Department also keeps a track of all the foreign remittances/payments and their taxability.
  • As per Income Tax Rule 37BB, it is the responsibility and the duty of authorized banks or dealers to ensure that they obtain such forms from a remitter.
  • Income Tax Form 15 CA is required to be filed online with the Income Tax Department.
  • Also, along with Form 15 CA, 15 CB needs to be filed with the Income-tax Department.
  • However, Form 15 CB needs to be accompanied by a certificate from an Accountant in Form 15CB.

Information and Parts of Form 15 CA

The furnishing of information for payment to a non-resident, not being a company, or to a foreign company in Form 15CA has been classified into 4 parts.

 

Sr. No.

Form 15 CA

Information to be filed

1

Part A

When payment is below 5 Lac, information is required to be submitted in Part A of Form 15CA

2

Part B

Where an order /certificate u/s 195(2)/ 195(3)/197 of the Income Tax Act has been obtained from the Assessment Officer

3

Part C

Where the remittance or the aggregate of such remittance exceeds 5 lakh rupees during the FY.

4

Part D

Where the remittance is not chargeable to tax under domestic law.

 

As the Income Tax Department has now created an online facility to file information in Form 15 CA, It is required to be filed online with the tax department. After that, proof of online submission should be printed out. This copy is required to be given to the Bank as proof of tax clearance from the tax department.

Consequences of Non-filing of Form 15 CA

  • If an assessee who is required to file Form 15CA fails to furnish the same before making remittance to a non-resident, then he shall be liable to pay a penalty as per the provisions of the Income Tax Act, 1961.
  • Such penal provision shall be attracted even if the person furnishes inaccurate information.

The amount of penalty which the assessing officer may ask the assessee to pay for Non-compliance may reach up to is Rs.1 lakhs.

 

EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing online Form 15CA is easy, seamless, cheapest, and quickest with EbizFiling.com! Apart from filing Form 15 CA, Ebizfiling.com also helps you to file GST Returns, Income Tax Returns, TDS Returns, PF Returns and ESI Returns easily. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for a free consultation.

Fees for Form 15 CA online Filing

ESSENTIAL

3499/-

(All Inclusive)

  • Form 15CA filing

Things to keep in mind for furnishing Form 15 CA

  • PAN and TAN allotted by the Income Tax Department shall be mentioned.
  • TAN No. is necessary in cases where tax has been deducted or will be deducted at source and / or The Remitter has obtained an order under section 195(2) of the Income Tax Act from the Assessing Officer
  • In case of invalid PAN and/or TAN, the Form will not be generated
  • The Person making the Payment (Remitter) shall obtain a certificate from an accountant(other than employee) in Form 15CB.
  • No value shall be entered in the Area Code, AO Type, Range Code & AO Number. These fields would be automatically entered by the system after validating the PAN and/or TAN.

Information / Documents required for Form 15 CA online filing

Details of the Remitter & Remittee

  • Name, Address, Status, PAN of the remitter & remittee
  • Principal place of business of the remitter & remittee
  • Email Address of the remitter & remittee

Details of the Remittance

  • Country to which remittance is made
  • Amount of remittance in Indian currency
  • Currency in which remittance is made
  • Nature of the remittance as per agreement
  • Proposed date of remittance

Bank details of the Remitter

  • Name of the bank of the remitter
  • Name of the branch of the bank
  • BSR Code of the bank

Documents required from the Remittee

  • A duly filled Income Tax Form 10F by the authorized individual of the remittee.
  • Tax residency certificate from the proper Remittee/ Tax registration of the country in which the Remittee is registered.
  • A Certificate that proves the Remittee does not have any permanent establishment within India.

How to File Form 15 CA online?

 

The process to file Form 15 CA in 5 simple steps

1

Fill in the simple checklist 

2

Submit the documents

3

Verification of the Documents

4

Preparing the Form 15 CA

5

Filing of Form 15 CA

Simple Checklist  

EbizfilingA Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit it along with your documents for processing. Our team of experts will verify the documents provided by you and take the procedure further.

Prepare Form 15 CA

EbizfilingOnce our expert team completes the verification process of your documents, the team will proceed with Form 15 CA filing online. All throughout the process, a dedicated Compliance Manager will keep you updated on the progress of filing Form 15 CA online with the Income Tax Department.

Form 15CA online

EbizfilingLastly, We will file Form 15 CA online along with all the necessary documents. After a due process, we will require to E-verify the form DSC or EVC. We will send you the Transaction ID and Acknowledgment Number on your registered Email address that you need to keep a note of for future reference.

Ebizfiling, FAQ's on Appointment of Auditor

FAQs on Form 15 CA filing

Answers to all your queries

  • What is the Purpose of Form 15 CA filing?

    Form 15 CA enables the users to file Information to be furnished for payments to a non-resident not being a company, or to a foreign company. Form 15CA is filed for each remittance made by a person responsible for such remittance, before remitting the amount.

    In some cases, a Certificate from Chartered Accountant in form 15CB is required for uploading the Form 15CA online.

  • Who can use Form 15 CA?

    Any category of taxpayer, Authorized Signatory and Representative Assessee can use Form 15CA to furnish information regarding payment made to a Non-Resident, not being a Company, or to a Foreign Company.

  • Is it mandatory to submit Form 15CB for filing Form 15 CA?

    No, it is not mandatory to submit Form 15CB. Form 15CB is an event-based form to be filled only when the remittance amount exceeds ₹5 lakh during a financial year and you are required to furnish a certificate from an accountant defined as per Section 288.

  • Can Form 15CA be withdrawn?

    No, there is no option to withdraw Form 15CA.

  • Can I file Form 15CA online only? When should I file this form?  

    This form can be filed in both online and offline modes. The Offline Utility service enables you to file Form 15CA in the offline mode. No time limit is prescribed for filing this form. However, it should be filed before the remittance is made.

  • Which Cities do you provide your services?  

    Ebizfiling.com provides its services all across India and abroad. You can obtain our services in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any other country easily with us.

  • Still, have confusion?  

    Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us at @+91 9643 203 209.

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