Form 15CB
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What is Form 15CB?
Form 15CB is a certificate issued by a Chartered Accountant (CA) when making a foreign payment from India. It ensures that the correct tax (TDS) is deducted before sending money abroad, as per Income Tax laws and Double Taxation Avoidance Agreements (DTAA).
This form is needed for certain high-value foreign transactions and helps prevent tax-related issues.

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Example of When Form 15CB is Needed
Scenario 1 – When Form 15CB is Required
ABC Pvt Ltd in India wants to pay $50,000 (₹42,00,000) to a software development company in the USA. Since the remittance amount exceeds ₹5,00,000 and falls under taxable services, Form 15CB is required. A CA certifies the tax deduction (TDS) and compliance, and then the bank processes the payment.
Scenario 2 – When Form 15CB is NOT Required
A student in India sends ₹3,00,000 to a foreign university for tuition fees. Since education remittances are exempt from TDS and below ₹5,00,000, Form 15CB is not required. Only Form 15CA (Part A) is needed.
What Information is Needed in Form 15CB
To get Form 15CB, you need to provide
Remitter (Payer) Details
Name, PAN, Address, and Residential Status.
TDS Details
Tax Rate & Amount deducted.
Bank Details
Account details of remitter and remittee for the transaction.
Remittee (Receiver) Details
Name, Country, Address, and Residential Status.
Reason for Payment
Purpose of payment (e.g., consultancy, software services, rent).
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How to Get Form 15CB
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A CA will check the payment details and confirm if Form 15CB is required.
The CA ensures the correct TDS rate is applied based on Indian tax laws & DTAA.
The CA generates Form 15CB online and submits it through the Income Tax e-filing portal.
The remitter fills Form 15CA (Declaration of Remittance) on the Income Tax e-filing portal.
The remitter submits Form 15CB (Issued by CA) and Form 15CA to the bank before processing the foreign payment.
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Difference Between Form 15CB & Form 15CA
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Frequently Asked Questions
Do I always need Form 15CB for foreign remittances?
No, Form 15CB is only required for payments above ₹5,00,000 or if TDS is applicable.
Can I submit Form 15CB myself?
No, only a Chartered Accountant (CA) can issue and submit Form 15CB.
What happens if I don’t submit Form 15CB?
If Form 15CB is required but not submitted, the bank may reject the payment, or you may face tax penalties.
Can I download Form 15CB from the Income Tax website?
No, a CA must generate Form 15CB and upload it to the Income Tax Portal.
How long does it take to get Form 15CB?
If all details are ready, a CA can issue Form 15CB in 1-2 business days.