By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Investment SimplifiedInvestment Simplified
  • Tax
    • Popular Searches
    • What is Form 16?
    • Trademark Registration Fees
    • TDS Full Form
    • Ad Valorem Tax
    • How to Save Tax?
  • Aadhaar
    • Popular Searches
    • How to Book Aadhaar Card Appointment?
    • E-Aadhaar And It’s Benefits
    • What is a Masked Aadhaar?
    • ESign Aadhaar: A Complete Guide
    • Aadhaar Card Address Change
  • EPF
    • Popular Searches
    • EPFO Member Portal – Login, Registration
    • EPFO Establishment Search
    • Guide to Your EPFO Member Login
    • EPF Interest Rate
    • What Is UAN Activation?
  • PAN Card
    • Popular Searches
    • What is a PAN Card
    • NSDL PAN Card
    • UTI PAN
    • e-PAN Card
    • PAN Card Apply
  • Banking
    • Banks
      • Popular Searches
      • State Bank of India (SBI)
      • Bank of Baroda (BOB)
      • Canara Bank
      • Indian Bank
      • Bank of India (BOI)
    • Bank Timings
      • Popular Searches
      • Bank of Baroda Timings
      • IDBI Bank Timings
      • Union Bank Timings
      • Karnataka Bank Timings
      • Central Bank of India Timings
      • Canara Bank Timings
    • Mini Statement
      • Popular Searches
      • Axis Bank Mini Statement
      • HDFC Mini Statement
      • Bank of Baroda Mini Statement
      • Union Bank of India Mini Statement
      • SBI Mini Statement
    • Balance Enquiry
      • Popular Searches
      • Canara Bank Balance Enquiry by SMS, Missed Call, Netbanking
      • SBI Balance Enquiry
      • Union Bank of India Balance Enquiry Number
      • BOB Balance Enquiry
      • PNB Balance Check Number – Enquiry by SMS, Missed Call, Netbanking
    • NEFT
      • Popular Searches
      • HDFC NEFT
      • SBI NEFT
      • Axis Bank NEFT
      • ICICI Bank NEFT
      • Canara Bank NEFT
    • Net Banking
      • Popular Searches
      • HDFC Bank Net Banking
      • SBI Net Banking
      • ICICI Net Banking
      • Axis Bank Net Banking
      • IOB Net Banking
    • Customer Care
      • Popular Searches
      • Central Bank of India Customer Care Number
      • Bank of Baroda Customer Care – Missed Call and Toll Free Number
      • Bank of Maharashtra Customer Care
      • Punjab National Bank Customer Care Number – PNB Grievance Redressal
      • IOB Customer Care Number
    • UPI
      • Popular Searches
      • BHIM
      • Google Pay
      • BHIM SBI Pay
      • Union Bank UPI
      • HDFC UPI
    • Debit Card
      • Popular Searches
      • SBI Debit Card
      • HDFC Debit Card
      • PNB Debit Card
      • Axis Bank Debit Card
      • Kotak Debit Card
    • RTGS
      • Popular Searches
      • RTGS Process
      • SBI RTGS
      • ICICI Bank RTGS Form
      • Axis Bank RTGS Form
      • HDFC RTGS Form
    • IMPS
      • Popular Searches
      • IMPS Limit
      • IMPS vs. NEFT
      • IMPS vs. NEFT vs. RTGS
      • MMID
    • Cheque
      • Popular Searches
      • Types of Cheques
      • Blank Cheque – Meaning, Issuance and How to Write
      • Cancelled Cheque – How to Write a Cancelled Cheque?
      • Account Payee Cheque
      • What is a Banker’s Cheque
    • Bank Holidays
      • Popular Searches
      • Bank Holidays in June 2023
      • Bank Holidays in July 2023
      • Bank Holidays in August 2023
      • Bank Holidays in September 2023
      • Bank Holidays in October 2023
    • Mobile Banking
      • Popular Searches
      • SBI Mobile Banking
      • HDFC Mobile Banking
      • Bank of Baroda Mobile Banking
      • Indian Bank Mobile Banking
      • Canara Bank Mobile Banking
    • Passbook
      • Popular Searches
      • SBI Passbook
      • Union Bank Passbook
      • BOB Passbook
      • HDFC Passbook
      • Axis Bank Passbook
    • Demand Draft
      • Popular Searches
      • Demand Draft Validity
      • Demand Draft Form
      • Demand Draft Charges
      • Demand Draft Clearing Time
      • Demand Draft vs Pay Order
    • Bank Statement
      • SBI Bank Statement
      • HDFC Bank Statement
      • ICICI Bank Statement
      • Axis Bank Statement
      • BOB Bank Statement
    • Bank Charges
      • Axis Bank Charges
      • HDFC Bank Charges
      • ICICI Bank Charges
      • Union Bank Charges
      • Bank of Baroda Charges
  • Savings Account
    • Popular Searches
    • What is a savings account
    • SBI Savings Account
    • Bank of Baroda Saving Account
    • Bank of Maharashtra Saving Account
    • Central Bank of India Saving Account
  • Insurance
    • Life Insurance
      • What Should Be the Ideal Policy Period for Term Insurance?
      • Why Should Term Insurance Be Your First Investment?
      • Best Ways To Avoid Life Insurance Claim Rejection
      • 5-step process to shortlist the best term insurance for yourself
      • Why Should You Buy an Insurance Policy Online?
    • General Insurance
    • Car Insurance
    • Travel Insurance
  • Fixed Deposit
    • What is Fixed Deposit
      • Axis Bank FD
      • Bank of Maharashtra FD
      • Bank of Baroda Fixed Deposit
    • Credit Card against Fixed Deposit
    • Fixed Deposit Income Tax Exemption
    • Loan against Fixed Deposits
    • Bandhan Bank FD Rates
    • Axis Bank FD Rates 2023
    • Bank of Baroda FD Rates
  • Resources
    • Pension & Retirement
    • Web Stories
    • About Us
    • Contact
Reading: What is Form 15CA?
Share
Investment SimplifiedInvestment Simplified
Search
  • Tax
    • Popular Searches
    • What is Form 16?
    • Trademark Registration Fees
    • TDS Full Form
    • Ad Valorem Tax
    • How to Save Tax?
  • Aadhaar
    • Popular Searches
    • How to Book Aadhaar Card Appointment?
    • E-Aadhaar And It’s Benefits
    • What is a Masked Aadhaar?
    • ESign Aadhaar: A Complete Guide
    • Aadhaar Card Address Change
  • EPF
    • Popular Searches
    • EPFO Member Portal – Login, Registration
    • EPFO Establishment Search
    • Guide to Your EPFO Member Login
    • EPF Interest Rate
    • What Is UAN Activation?
  • PAN Card
    • Popular Searches
    • What is a PAN Card
    • NSDL PAN Card
    • UTI PAN
    • e-PAN Card
    • PAN Card Apply
  • Banking
    • Banks
      • Popular Searches
      • State Bank of India (SBI)
      • Bank of Baroda (BOB)
      • Canara Bank
      • Indian Bank
      • Bank of India (BOI)
    • Bank Timings
      • Popular Searches
      • Bank of Baroda Timings
      • IDBI Bank Timings
      • Union Bank Timings
      • Karnataka Bank Timings
      • Central Bank of India Timings
      • Canara Bank Timings
    • Mini Statement
      • Popular Searches
      • Axis Bank Mini Statement
      • HDFC Mini Statement
      • Bank of Baroda Mini Statement
      • Union Bank of India Mini Statement
      • SBI Mini Statement
    • Balance Enquiry
      • Popular Searches
      • Canara Bank Balance Enquiry by SMS, Missed Call, Netbanking
      • SBI Balance Enquiry
      • Union Bank of India Balance Enquiry Number
      • BOB Balance Enquiry
      • PNB Balance Check Number – Enquiry by SMS, Missed Call, Netbanking
    • NEFT
      • Popular Searches
      • HDFC NEFT
      • SBI NEFT
      • Axis Bank NEFT
      • ICICI Bank NEFT
      • Canara Bank NEFT
    • Net Banking
      • Popular Searches
      • HDFC Bank Net Banking
      • SBI Net Banking
      • ICICI Net Banking
      • Axis Bank Net Banking
      • IOB Net Banking
    • Customer Care
      • Popular Searches
      • Central Bank of India Customer Care Number
      • Bank of Baroda Customer Care – Missed Call and Toll Free Number
      • Bank of Maharashtra Customer Care
      • Punjab National Bank Customer Care Number – PNB Grievance Redressal
      • IOB Customer Care Number
    • UPI
      • Popular Searches
      • BHIM
      • Google Pay
      • BHIM SBI Pay
      • Union Bank UPI
      • HDFC UPI
    • Debit Card
      • Popular Searches
      • SBI Debit Card
      • HDFC Debit Card
      • PNB Debit Card
      • Axis Bank Debit Card
      • Kotak Debit Card
    • RTGS
      • Popular Searches
      • RTGS Process
      • SBI RTGS
      • ICICI Bank RTGS Form
      • Axis Bank RTGS Form
      • HDFC RTGS Form
    • IMPS
      • Popular Searches
      • IMPS Limit
      • IMPS vs. NEFT
      • IMPS vs. NEFT vs. RTGS
      • MMID
    • Cheque
      • Popular Searches
      • Types of Cheques
      • Blank Cheque – Meaning, Issuance and How to Write
      • Cancelled Cheque – How to Write a Cancelled Cheque?
      • Account Payee Cheque
      • What is a Banker’s Cheque
    • Bank Holidays
      • Popular Searches
      • Bank Holidays in June 2023
      • Bank Holidays in July 2023
      • Bank Holidays in August 2023
      • Bank Holidays in September 2023
      • Bank Holidays in October 2023
    • Mobile Banking
      • Popular Searches
      • SBI Mobile Banking
      • HDFC Mobile Banking
      • Bank of Baroda Mobile Banking
      • Indian Bank Mobile Banking
      • Canara Bank Mobile Banking
    • Passbook
      • Popular Searches
      • SBI Passbook
      • Union Bank Passbook
      • BOB Passbook
      • HDFC Passbook
      • Axis Bank Passbook
    • Demand Draft
      • Popular Searches
      • Demand Draft Validity
      • Demand Draft Form
      • Demand Draft Charges
      • Demand Draft Clearing Time
      • Demand Draft vs Pay Order
    • Bank Statement
      • SBI Bank Statement
      • HDFC Bank Statement
      • ICICI Bank Statement
      • Axis Bank Statement
      • BOB Bank Statement
    • Bank Charges
      • Axis Bank Charges
      • HDFC Bank Charges
      • ICICI Bank Charges
      • Union Bank Charges
      • Bank of Baroda Charges
  • Savings Account
    • Popular Searches
    • What is a savings account
    • SBI Savings Account
    • Bank of Baroda Saving Account
    • Bank of Maharashtra Saving Account
    • Central Bank of India Saving Account
  • Insurance
    • Life Insurance
      • What Should Be the Ideal Policy Period for Term Insurance?
      • Why Should Term Insurance Be Your First Investment?
      • Best Ways To Avoid Life Insurance Claim Rejection
      • 5-step process to shortlist the best term insurance for yourself
      • Why Should You Buy an Insurance Policy Online?
    • General Insurance
    • Car Insurance
    • Travel Insurance
  • Fixed Deposit
    • What is Fixed Deposit
      • Axis Bank FD
      • Bank of Maharashtra FD
      • Bank of Baroda Fixed Deposit
    • Credit Card against Fixed Deposit
    • Fixed Deposit Income Tax Exemption
    • Loan against Fixed Deposits
    • Bandhan Bank FD Rates
    • Axis Bank FD Rates 2023
    • Bank of Baroda FD Rates
  • Resources
    • Pension & Retirement
    • Web Stories
    • About Us
    • Contact
Investment Simplified > Tax > What is Form 15CA?
Tax

What is Form 15CA?

Rahul Kumar
Last updated: 2023/10/26 at 3:54 PM
Rahul Kumar Published July 7, 2022 11 Min Read
Share
Meaning of Form 15CAImportance and Uses of Form 15 CA?How to Fill Form 15 CA?What are the Information Required to File Form 15CA?Step-by-Step Guide to File Form 15CA What’s the Difference Between Form 15CA and 15CB? Who are Eligible to File Form 15CA? ConclusionHow Does Tax Work?FAQs

If you are a law-abiding taxpayer, you may be interested in knowing what forms 15CA and Form 15CB are and what they entail. Form 15CA is a declaration of remittance and a tool for collecting information on payments in respect of income chargeable to tax in the hands of non-resident receivers. The form 15CA declaration is an efficient information processing system used by the Income Tax Department to track overseas remittances and assess the type of tax due.

Meaning of Form 15CA

15CA Form meaning is basically a declaration of remitter that is used to collect all the information on payment amounts that are taxable in the hands of a non-resident receiver. This is the beginning of an efficient Information Processing System that will be used by the Income Tax Department to independently track overseas remittances and their type in order to calculate the tax due.

Authorized Dealers/Banks are becoming more vigilant in ensuring that they receive such Forms prior to remittance; as per the revised Rule 37BB, they are now required to furnish Form 15CA (received from the remitter) to an income-tax authority for the purpose of any proceedings under the Income-tax Act.

The Income Tax Department has recently established an online filing system. As a result, Form 15CA applicability must be checked and filed electronically with the tax department. The evidence of online submission should then be printed. This printed copy must be sent to the bank as proof of tax clearance from the tax department.

Form 15CA

The provision of information for payment to a non-resident who is neither a corporation nor a foreign firm in Form 15CA has been divided into four sections which are described below.

PART A: Where the remittance or aggregate of such remittances does not exceed 5 lakh rupees during the fiscal year (whether taxable or not).

PART B:  Where an order/certificate has been received from the AO under section 195 (2)/ 195(3)/ 197 of the Income Tax Act (Whether Nil rate or Lower rate Certificate).

PART C: Where the remittance, or the sum of such remittances, exceeds 5 lakh rupees within the fiscal year.

PART D: Form 15CA Part D is where the remittance is not taxed under domestic legislation.

While filing the From 15CA Part D, you need to check the eligibility. Since the Form 15CA Part D is not taxed under the domestic legislation, you need to check whether you should fill it or not.

Importance and Uses of Form 15 CA?

Form 15CA income tax is a Declaration of Remitter that is used to collect information on the transactions and payments taxable in the hands of a non-resident receiver. This is the beginning of a functional information processing system that will be used by the Income Tax Department to independently track overseas remittances and their type to establish tax due. Authorized Dealers/Banks are becoming more vigilant in ensuring that such Forms are received by them prior to remittance because, under revised Rule 37BB, they are now required to furnish Form 15CA received from remitters to an income-tax authority for the purposes of any proceedings under the Income-tax Act.

How to Fill Form 15 CA?

  • The forms are available on the Income Tax e-filing website.
  • If you are already registered on the site, you must log in using the correct credentials, which are generally the PAN number and the password. If he is not already registered, he must click on the “Register” button on the website and then fill in all of the required data and forms to complete his registration on the site.
  • After successfully logging in to the website, click on the “e-file” option, which will bring up a dropdown list. Select the “Prepare and Submit Online Form (Other than ITR)” button.
  • After that, pick ‘Form 15CA’ from the dropdown list and click ‘Continue.’
  • Following submission, a pop-up box opens in which the Part of the Form 15CA most suited to the current circumstance is to be selected.
  • The applicable fields must be filled out depending on whether a section of the Form 15CA is chosen.
Form 15CA

The following are frequent fields on the Form 15CA:

  • Remitter’s Full Name
  • Address Specifics
  • Getting in Touch
  • The remitter’s residence status
  • Name of the remitter’s receiver
  • PAN (if available)
  • Remittance information
  • TDS Specifications
  • The form has been validated.
  • If the person is unable to complete filling up the form quickly, there is a “Save Draft” option that provides a lifeline in this respect, saving the person from having to fill out all the data again.
  • After completely filling up the form, click the “Submit” button.
  • If the form is successfully submitted, the following page will display the “Success” message.
  • Form 15CA View and Withdrawal:
  • Check out Form 15CA – Click “My Account,” then “View Form 15CA.”
  • Withdrawal — On the View page, there will be a “Withdraw Form 15CA” option under the Status column. This option is only available for 7 days after the form is submitted.

Documents Required

Details of Remittee:

  • Address of the Remittee
  • Name and Status of Remittee
  • Country of the Remittee
  • Principal Place of Business
  • Country of the Remittee

Details of Remitter:

  • Remitter’s Name
  • Remitter’s Address
  • Remitter’s PAN Number
  • Status of the Remitter
  • E-mail ID of the Remitter and Phone Number
  • Principal Place of Business of the Remitter

Bank Details of the Remitter:

  • Name of Bank of Remitter
  • Name of Branch of Bank
  • BSR Code of the Remitter’s Bank

Details of the Remittance:

  • Destination Country of Remittance
  • Currency used for remittance
  • Amount of Remittance in Indian currency
  • Proposed Date of Remittance

Word to Remember

Double Taxation Avoidance Agreement

It is a treaty signed between two or more countries that help taxpayers avoid paying double taxes on the same income.

What are the Information Required to File Form 15CA?

The information required to file Form 15CA includes the details of the remitter, remittee, remittance details, remitter’s bank details, and tax residency certificate of remittee.

Step-by-Step Guide to File Form 15CA

Here are the steps to file Form 15CA-

Step 1: Visit the official site of the Income Tax department

Step 2: Log in to your account by filling in the relevant details

Step 3: Under the e-File tab, select the Income Tax Forms option in the drop-down menu

Step 4: Now click on Form 15CA and then continue

Step 5: Select the relevant form type

Step 6: Fill the form with the correct information and submit the form

Once you successfully submit Form 15CA, you will receive a confirmation message in your registered email account.

What’s the Difference Between Form 15CA and 15CB?

Form 15CA is a mandatory form to be filed for foreign remittance to a non-resident. It also helps the Income tax department to Form 15CA operates based on Tax Deducted at Source, as it is impossible to collect the Tax from non-resident at a later stage.

Whereas form 15CB requires CA’s signature certifying the taxation rate and the tax type you are paying. You will also have to fill in Form 15CB’s information in Form 15CA. In form 15CA, the Chartered Accountant’s signature is in the form.

Form 15CA

Who are Eligible to File Form 15CA?

Any person who is paying to a foreign national is required to submit form 15CA as per rule 37BB.

Key Takeaways

  • Form 15CA acts as a declaration of the remitter used to collect information on taxable payments accounts.
  • The 15CA form is available on the Income Tax e-filing website.
  • Form 15 CA is available for everyone who needs to file a declaration form of foreign remittance outside the country.

Did You Know?

Many non-resident Indians receive income from Indian citizens, for example, in the form of rent. Assume you have rented out a residential house in India. Forms 15CA and 15CB applicability must be checked to get it and then submitted by your renter when he or she pays the rent.

Conclusion

Filing Forms 15CA-CB is critical since they contain all of the appropriate declarations and information regarding tax payments (if any) needed by all banks prior to repatriation. Compliance in matters of international remittances may make your heart race, which is why this advice is a humble attempt to make the filing procedure as painless as possible. If the method appears to be difficult for you, you may want to consider hiring a consultant for 15CA-CB filing.

If you receive taxable cash from individuals in India, ensure that your sender sends Forms 15CA and 15CB to India’s income tax agency. Your sender’s bank may refuse to handle a high-value transfer request if this paperwork is not supplied.


Tax refers to the mandatory contributions levied on individuals and organizations by the government. The taxes are used to carry out various welfare schemes, including employment programs. It also helps finance the works and services such as schools and roads.Previous

How Does Tax Work?Types of TaxesOther TaxesFAQs:Next

Collecting taxes raises resources for the government to deliver vital public services. Payment of taxes at the rates fixed by the government is compulsory, evading which is punishable by law. Let us dive deep into this topic to better understand what is tax and how they work.

How Does Tax Work?

Taxes are imposed by the government authority on the citizens and business organizations. It is an important and the largest source of income for the government. To get a clear idea of how taxes work, we need to understand the tax structure.

In India, the structure of tax comprises the central government, state governments, and local bodies. The tax system is divided into two categories—direct taxes and indirect taxes. The former is levied on the income earned by individuals and corporate entities. In contrast, the latter is levied on the sale of goods and provision of services.

Learn more about how to save tax?

FAQs

1. Is it necessary to file Form 15CB before Part-C of Form 15CA?

Yes, submitting Form 15CB is required before filling out Part C of Form 15CA. The e-verified Form 15CB acknowledgement number should be confirmed before filling out Part C of Form 15CA.

2. For how long is form 15CA valid?

Form 15CA is an event based declaration and can be filled anytime to declare the payment made to non-resident.

3. Can we file 15CA without digital signature?

Yes, you can file form 15CA without digital signature. You can easily e-verify your form 15CA via EVC or DSC.

4. How can I withdraw 15CA after 7 days?

You can easily withdraw your Form 15CA with the 7 days from submission. You can find the link to withdraw the form against the uploaded form on the portal. You will have to confirm the withdrawal to agree to complete the process.

5. How can I download form 15CA?

Visit the official website of Income tax department and you can easily download the form from the downloads section on homepage.

6. Can 15CA be cancelled?

Form 15CA can be withdrawn within the next 7 days from submission.

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Copy Link Print
Previous Article epf form EPF Withdrawal Form
Next Article epf EPFO Registration Process: EPFO Employer Registration & Login
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Searches
  • Ad Valorem Tax Meaning
  • Income Tax Form
  • What Is Property Tax
  • What Is Municipal tax
  • What is Professional Tax
  • How To Calculate TDS
  • TDS Full Form
  • What Is Tax
  • Calculate Income Tax
  • How To File GST
  • What Is Form 15G
  • Trademark Registration Fees
  • GST Number Check
  • What Is Tax Saving
  • How To Pay Professional Tax
  • Different Type of Taxes
  • ITR Acknowledgement
  • What Is Corporate Tax
  • GST Full Form
  • What Is TCS Tax
  • Get GST Number
  • GST Registration Fee
  • What is GST Rates
  • What Is HRA

Social Media

Social Media
Facebook
YouTube
Instagram
Twitter
Linkedin

calculator

Loan CalculatorMortgage Calculator
Mortgage CalculatorMortgage CalculatorLoan CalculatorLoan Calculator
inr
%
years
%
inrper year
inrper year
%

inr
years
%

Recent Post

idfc bank
IDFC First Bank
December 11, 2023
Federal Bank FASTag
Federal Bank FASTag
December 8, 2023
Federal Bank
Federal Bank
December 8, 2023
Deutsche Bank Net Banking
Deutsche Bank Net Banking
December 8, 2023

You Might also Like

SBI IMPS Charges

SBI IMPS Charges

SBI, the largest scheduled commercial bank in India, provides its customers with…

Read More
Bank of Baroda NEFT Form

Bank of Baroda NEFT Form

To do an NEFT transaction from your Bank of Baroda account, you…

Read More

Certificate of Deposit: Meaning, Features, Benefits and Types

A certificate of deposit is a type of fixed-income instrument issued by…

Read More
ICICI Bank Savings Account

ICICI Bank Savings Account

ICICI Bank is one of the largest private sector banks in India,…

Read More

We are here to make your investment journey simple by delivering content on financial topics in plain English.

Categories

  • Tax
  • Cryptocurrency
  • Aadhaar
  • Mutual Funds
  • Banking
  • General Insurance
  • Pension & Retirement
  • Car Insurance
  • Travel Insurance

Quick Link

  • About Us
  • Contact
  • Terms & Conditions
  • Privacy Policy
Social Media
Facebook
YouTube
Instagram
Twitter
Linkedin

We are here to make your investment journey simple by delivering content on financial topics in plain English.

Categories

  • Tax
  • Cryptocurrency
  • Aadhar
  • Mutual Funds
  • General Insurance
  • Pension & Retirement
  • Car Insurance
  • Travel Insurance

Quick Link

  • About Us
  • Contact
  • Terms & Conditions
  • Privacy Policy

Social Media

Copyright © 2023 Investment Simplified. All rights reserved.

Welcome Back!

Sign in to your account

Lost your password?