Understanding Form 15CA and 15CB

Reporting Payments: Forms 15CA and 15CB are used to report payments from a resident to a non-resident. They detail the nature of the payment, tax deducted, and applicable tax treaties. Form 15CA: This is a declaration by the payer confirming that tax has been deducted from the payment made to the non-resident.

Form 15CB: This certificate, issued by a Chartered Accountant, certifies compliance with tax laws and treaties, including payment details, TDS rate, and DTAA applicability. Updated Submission Rules: From April 1, 2016, forms are not needed for remittances not requiring RBI approval, and the list of exempted payments has expanded.

Form Requirements: No Tax Liability: No forms needed. Exemptions: Only Part D of Form 15CA required. Below INR 5 Lakh: Only Part A of Form 15CA needed. Above INR 5 Lakh: Both Part C of Form 15CA and Form 15CB required. Certificates under Section 195/197: Part B of Form 15CA for amounts over INR 5 lakh.

Filing Process: Login: Use valid credentials to log in to the e-Filing portal. Navigate to Forms: Click on e-File > Income Tax Forms > File Income Tax Forms. Select Form: Choose Form 15CA or 15CB, or use the search box. Enter Details: Fill in the required information. e-Verify: Scroll down and click to e-verify. Success Confirmation: A message with a Transaction ID and Acknowledgement Number will be displayed after successful verification.