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Set up a sole 15CA - 15CB Filing

  • IFiling of the income tax form 15 CA & 15CB by an expert.

10K+ 15CA - 15CB Filing Firms Registered Since 2020

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Register 15CA - 15CB Filing Firm Online through Compliance Gurukul

You can easily complete 15CA - 15CB Filing firm registration online through Compliance Gurukul. For a sole 15CA - 15CB Filing registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • 15CA - 15CB Filing
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the 15CA - 15CB Filing firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select 15CA - 15CB Filing Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

15CA-15CB Filing - Compliance for Foreign Remittances

Suppose you are an Indian resident making payments to a foreign entity or receiving payments from a foreign entity. In that case, it is mandatory to comply with the legal provisions of the Income Tax Act 1961. According to the Act, you must file Form 15CA and Form 15CB with the tax authorities before remitting funds to a foreign entity. Filing these 15 CA and CB Forms can be complex, requiring extensive knowledge of tax laws and regulations. Compliance Gurukul can assist you in navigating the process of filing form 15CA and form 15CB with ease; our team of experts ensures that your compliance requirements are met without any hassle.

Section 195 of the Income-tax Act, 1961

As per Section 195 of the Income Tax Act 1961, any individual or entity responsible for making payment to a non-resident, which includes a foreign company, must deduct income tax at the applicable rate prior to the payment being made.

The remitter must also submit an undertaking in Form 15 CA, which provides details of the payment being made to the non-resident. Furthermore, a certificate in Form 15CB, attested by a chartered accountant, is required for payments exceeding INR 5 lakh. This certificate provides details of the nature of the payment, the tax rate applied, and the amount of tax deducted.

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Details required for filing the forms

To file Form 15 CA and 15CB, the following details are required:

  • PAN of the remitter and the beneficiary: The Permanent Account Number (PAN) of the remitter and the beneficiary must be provided.
  • Amount of the remittance: The remittance amount must be provided in Indian Rupees.
  • Nature and purpose of the remittance: The nature and purpose of the remittance must be specified, such as payment for services, royalty, or dividends.
  • Relevant sections and articles of the Income Tax Act and DTAA: If applicable, the relevant sections and articles of the Income Tax Act and Double Taxation Avoidance Agreement (DTAA) must be specified.
  • Bank details: The bank details of the remitter and the beneficiary, including the bank name, branch, and account number, must be provided.
  • Certificate from a Chartered Accountant (Form 15CB): If a certificate in Form 15CB is required, details such as the name and membership number of the Chartered Accountant, the date of issuance of the certificate, and the details of the remittance must be provided.

Timelines

A sole 15CA - 15CB Filing can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

15CA - 15CB Filing FAQ's

Form 15CA is a declaration form that must be submitted electronically by the remitter to the bank before paying a non-resident. Form 15CB is a certificate issued by a Chartered Accountant (CA) to verify the deduction of taxes and the completion of other regulatory requirements.

Form 15CA is a declaration form submitted by the remitter to the bank. At the same time, Form 15CB is a certificate issued by a CA to verify the deduction of taxes and the completion of other regulatory requirements.

Form 15CA and 15CB must be filed by a person responsible for remittance outside India. The remitter can be an individual, a company, or any other entity paying a non-resident or a foreign company.

Form 15CA-15CB must be filed electronically through the Income Tax Department's website.

No, the same Form 15CA cannot be used for multiple transactions. A separate Form 15CA must be filled for each transaction, even if the transactions are related to the same beneficiary.

Form 15CB is valid for six months from the date of its issuance. This means that the remitter should ensure that the remittance is made within six months from the date of issuance of Form 15CB.

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