Form 15CA and 15CB — Foreign Remittance Reporting

When Form 15CA and Form 15CB are required for foreign remittances, the four parts of Form 15CA, the exempt list under Rule 37BB, and how the CA certificate works.

Vikas Sharma Tax & Compliance Expert
4 min read 18 views Updated Sep 16, 2026 Expert Reviewed High Complexity
Form 15CA and 15CB — Foreign Remittance Reporting
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Last updated: September 2026Verified against: Government sources
Quick Answer

When Form 15CA and Form 15CB are required for foreign remittances, the four parts of Form 15CA, the exempt list under Rule 37BB, and how the CA certificate works.

Overview

Any person making a payment to a non-resident that is chargeable to tax must ensure correct withholding under Section 195 of the Income-tax Act 2025 and report it. Rule 37BB prescribes Form 15CA (remitter's declaration) and Form 15CB (CA certificate), which authorised dealers require before releasing foreign remittances. Together they give the department a real-time trail of cross-border payments.

The Four Parts of Form 15CA

PartWhen used
Part ATaxable remittance up to ₹5,00,000 in the financial year
Part BTaxable remittance above ₹5,00,000 with a Section 195(2)/197 lower/nil order
Part CTaxable remittance above ₹5,00,000, supported by Form 15CB
Part DRemittance not chargeable to tax in India

When Form 15CB Is Needed

Form 15CB is a CA's certificate confirming the nature of the remittance, whether it is chargeable to tax, the applicable DTAA article and rate, and the tax deducted. It is mandatory only for Part C — a taxable remittance exceeding ₹5,00,000 in the year without a lower-deduction order. For smaller or non-taxable remittances, the CA certificate is not required.

Remittances Exempt Under Rule 37BB

Rule 37BB carves out a specified list of transactions that do not require Form 15CA/15CB — for example certain personal remittances, specified imports, and payments not requiring RBI approval. Because the list is periodically revised, verify the current specified nature codes before treating a payment as exempt.

Step-by-Step Process

  1. Determine taxability of the remittance under Section 195 and the relevant DTAA (collect the payee's TRC and Form 10F).
  2. If Part C applies, obtain Form 15CB from a chartered accountant.
  3. File the appropriate part of Form 15CA online on the income-tax portal, linking the 15CB acknowledgement number.
  4. Submit both to the authorised dealer bank to release the remittance.

Worked Example

An Indian company remits ₹30,00,000 royalty to a Japanese licensor. The payment is taxable, exceeds ₹5,00,000, and no Section 195(2) order exists, so the CA issues Form 15CB certifying the 10% treaty rate (₹3,00,000 TDS). The company then files Part C of Form 15CA quoting the 15CB number, and the bank releases the net ₹27,00,000.

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Key Facts About Form 15CA and 15CB

  • Applies in: All states across India, under the relevant central law.
  • Mode: Mostly online via the official government portal.
  • Typical timeline: Ranges from a few days to a few weeks depending on the case.
  • Non-compliance: May attract penalties, interest or late fees.
  • Expert help: TaxClue completes the entire process end to end for you.

When is Form 15CB required?

Form 15CB, a chartered accountant’s certificate, is required when a taxable remittance to a non-resident exceeds ₹5,00,000 in a financial year and is not covered by the exempt list under Rule 37BB. It certifies the nature, taxability and correct withholding.

What are the four parts of Form 15CA?

Part A: taxable remittance up to ₹5,00,000. Part B: taxable remittance above ₹5,00,000 where a lower/nil order under Section 195(2)/197 exists. Part C: taxable remittance above ₹5,00,000 with a Form 15CB. Part D: remittance not chargeable to tax.

Over 90% of compliance penalties in India arise from missed due dates — timely handling can save businesses thousands of rupees each year.

— TaxClue Compliance Desk

Form 15CA and 15CB: a key compliance topic in Indian tax and corporate law that businesses and individuals must understand to remain compliant.

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Why This Matters

Staying compliant with Indian regulations protects your business from penalties, interest and unnecessary legal trouble. It is always wise to maintain proper records and documentation so that any future scrutiny can be handled smoothly. Rules and thresholds in international tax are revised periodically, so it helps to review your obligations at the start of each financial year. Professional guidance from a qualified CA, CS or advocate ensures that filings are accurate and submitted well before the due date.

Frequently Asked Questions
When is Form 15CB required?
Form 15CB, a chartered accountant’s certificate, is required when a taxable remittance to a non-resident exceeds ₹5,00,000 in a financial year and is not covered by the exempt list under Rule 37BB. It certifies the nature, taxability and correct withholding.
What are the four parts of Form 15CA?
Part A: taxable remittance up to ₹5,00,000. Part B: taxable remittance above ₹5,00,000 where a lower/nil order under Section 195(2)/197 exists. Part C: taxable remittance above ₹5,00,000 with a Form 15CB. Part D: remittance not chargeable to tax.
Which remittances are exempt from Form 15CA/15CB?
Rule 37BB lists specified transactions — such as certain imports, travel, education, and remittances by individuals not requiring RBI approval — that do not need Form 15CA/15CB. Always check the current specified list.
Is Form 15CB always required with Form 15CA?
No. Form 15CB is required only for Part C — taxable remittances exceeding ₹5,00,000 in the year without a Section 195(2)/197 order. Parts A, B and D do not need a CA certificate.
Who files Form 15CA?
The remitter (person making the payment to the non-resident) files Form 15CA online. The CA issues Form 15CB, which is then linked while filing Part C of Form 15CA.

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Vikas Sharma VERIFIED EXPERT
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Disclaimer: This article is for general informational purposes only and does not constitute professional tax, legal or financial advice. Laws, rates and due dates change and can vary by individual case — always verify with the relevant government source (e.g. mca.gov.in, incometax.gov.in) or consult a qualified professional before acting. TaxClue accepts no liability for decisions taken based on this content.

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