FORM-15CA & FORM-15CB

20-02-2024

FORM-15CA

• As per Section 195, Every person making a payment to Non-Residents (not being a Company), or to a Foreign Company shall deduct TDS if such sum is chargeable to Income Tax and details are required to be furnished in FORM 15CA.
• A Person responsible for making such remittance (Payment) has to submit the form 15CA, before remitting the payment.
• In certain cases, a Certificate from Chartered Accountant in form 15CB is required before uploading the form 15CA online.
• Form 15CA is filed by Remitter.

FORM-15CB

• Form 15CB is a certificate to be furnished by an Chartered Accountant in cases where any payment / aggregate of payments exceeding ₹5 Lakh in a FY, chargeable to income tax is made to a Non-Resident, not being a company or to a Foreign Company, and a certificate from the AO u/s 195/197 is not obtained for Low TDS/Nil TDS.
• In Form 15CB, a CA certifies the details of the payment, TDS rate, TDS deduction and other details of nature and purpose of remittance.
• Form 15CB is filed by Chartered Accountant.