Submission of Form 15 CA and Form 15 CB under Income Tax Act
How to file Form 15 CA and Form 15 CB? During business, it happens that many payments are made outside India. When payments are made outside India, there is certain compliance that one needs to follow and tax is required to be deducted for any sum which is taxable under the Income Tax Act. The purpose of this compliance is to collect information in respect of the payments that are chargeable to tax in the hands of recipient NRI. The main requirement is to file Form 15CA and Form 15CB for any payment made outside India to an NRI. Form 15 CA accompanied by Form 15 CB needs to be filed online on official website of Income Tax department. Table of Content What is Form 15CA? What is Form 15 CB? Applicability of Form 15CA and Form 15CB Re-designed Form 15 CA and Form 15 CB submission Process Conclusion What is Form 15CA? Form 15CA is a declaration made by the person remitting the money wherein he states that he has deducted the tax from any payments so made to the non-resident. Form