15CA & 15CB Manual filing

How to prepare forms 15CA & 15CB manually?

CBDT (Central Board of Direct Taxes) has allowed submission of Forms 15CA & 15CB in manual format to the (AD) authorised dealers till 30th June, 2021. This may get extended if the difficulties faced by the taxpayers in online form filling on the new e-filing portal are not resolved within this date.

Read: CBDT allows submission of 15CA & 15CB in manual format till 30th June

Since the e-filing portal is not working, hence for doing any foreign remittance, the Forms 15CA & 15CB has to be prepared manually. The process of manual preparing of Forms 15CA & 15CB is not much different from preparing these forms online.

However, the advantage of filling the Forms 15CA & 15CB online includes:

  • Various fields are already filled in.
  • Authentic as the forms are digitally signed.
  • A unique acknowledgment number is generated, which is used by the Income-Tax Department for further references.
  • If there is any missing field, the pop-up will be generated to fill it, then only the form could be filled and uploaded.
  • If there is any mistake in the tax computation, then an error will appear to rectify it first then only the forms can be uploaded.

What are Form 15CA & 15CB?

Form 15CA is a declaration made by the person remitting the money wherein the remitter states that the tax has been deducted from any payments so made to the non-resident.

Form 15CB is a certificate issued by a CA (Chartered Accountant) ensuring that the provisions of the DTAA (Double Taxation Avoidance Agreement) and the Income-tax Act, 1961 have been complied with in respect of tax deductions while making the payments.

Form 15CA has been divided into 4 parts, which part will be filled depends upon the nature of remittance. Below is the description of each part of Form 15CA.

Part A of Form 15CA

If the Net foreign remittance is chargeable to tax under the Income-tax Act, 1961, and the remittance or the aggregate does not exceed 5 lakh rupees during the financial year then part A of Form 15CA will be filled in.

Part B of Form 15CA

If the net foreign remittance is chargeable to tax under the provisions of the Income-tax Act, 1961, and the remittance exceeds 5 lakh rupees during the financial year, and a certificate u/s 195(2)/ 195(3)/ 197 of the Income-tax Act has been obtained from the Assessing Officer then part B of Form 15CA will be filled in.

Part C of Form 15CA

Part C of Form 15CA should be read with the Form 15CB because this part is filled if the remittance is chargeable to tax under the Income-tax Act, 1961 and the remittance or the aggregate exceeds 5 lakh rupees during the financial year and a certificate in Form 15CB from a Chartered Accountant has been obtained.

Part D of Form 15CA

Part D of Form 15CA is used if the remittance is not chargeable to tax under the provisions of the Income-tax Act, 1961 such as Tax-free remittance/ reimbursement, etc.

Form 15CB

15CB Form is a certificate issued by a CA (Chartered Accountant) ensuring that the provisions of the DTAA (Double Taxation Avoidance Agreement) and the Income-tax Act,1961 have been complied with in respect of tax deductions while making the remittance. It is required for payments made to Non-Resident, not being a company, or to a foreign company which is taxable and the payment exceeds Rs 5 lakh.

How to prepare Form 15CA manually?

Form 15CA is a declaration made by the person remitting the money wherein the remitter states that the tax has been deducted from any payments so made to the non-resident.

According to the guidelines of the Income-tax Act, 1961, Form 15CA & Form 15CB should be filed electronically. At present taxpayer uploads the Form 15CA, along with the Form 15CB, on the e-filing portal, before submitting the copy to the (AD) Authorized Dealer for any foreign remittance.

Authorized Dealer (AD) has to ensure that the information furnished for the purpose of foreign remittance is in line with the furnished Form 15CA & Form 15CB.

Below mentioned information is required to be filled in to prepare 15CA & 15CB. We are taking an example wherein A royalty invoice has been raised by a Japanese company on an Indian company. Below information will be required to be filled in for the payment of the attached invoice.

  • Section A, 15CA Part C- Name & Address of the Remitter, Name & Address of the Remittee, and Name & Address of the Chartered Accountant.
  • Section B, 15CA Part C- Amount payable in Foreign currency and in Indian Rupees, Currency, Country to which remittance will be made, Bank Account details of the recipient, Nature of Remittance, and relevant purpose code as per RBI.

Apart from the above-mentioned information, Section B, 15CA Part C will contain information related to the Taxability under the Income Tax Act, Details of relief (If any) claimed under DTAA, TDS in foreign Currency & Indian Rupees, Date of Deduction, and amount of the remittance after TDS (In foreign currency).

How to prepare Form 15CB manually?

15CB Form is a certificate issued by a CA (Chartered Accountant) ensuring that the provisions of the DTAA (Double Taxation Avoidance Agreement) and the Income-tax Act,1961 have been complied with in respect of tax deductions while making the remittance.

According to the guidelines of the Income-tax Act, 1961, Form 15CA & Form 15CB should be filed electronically. At present taxpayer uploads the Form 15CA, along with the Form 15CB, on the e-filing portal, before submitting the copy to the (AD) Authorized Dealer for any foreign remittance.

Authorized Dealer (AD) has to ensure that the information furnished for the purpose of foreign remittance is in line with the furnished Form 15CA & Form 15CB.

After the generation of Form 15CB, Form 15CA Part C is prepared, We are taking an example wherein A royalty invoice has been raised by a Japanese company on an Indian company. Below information will be required to be filled in for the payment of the attached invoice.

  • Name & Address of the Remittee.
  • The amount payable in Foreign currency and in Indian Rupees, Currency, Country to which remittance will be made, Bank Account details of the recipient, Nature of Remittance, and relevant purpose code as per RBI.
  • Information related to the Taxability under the Income Tax Act, Details of relief (If any) claimed under DTAA, TDS in foreign Currency & Indian Rupees, Date of Deduction, and amount of the remittance after TDS (In foreign currency).

New Income Tax e-Filing Portal: How to generate Instant e-PAN?


For the latest business and financial updates, Follow and connect with us on FacebookTwitter, and Linkedin!

To Get Finance News & Job Alerts Directly On Your Mobile Join Our WhatsApp Group


Leave a Reply