{"id":5011,"date":"2022-09-29T05:16:49","date_gmt":"2022-09-29T05:16:49","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=5011"},"modified":"2022-12-11T08:11:31","modified_gmt":"2022-12-11T08:11:31","slug":"form-15ca-15cb-revised-rules-related-to-filling-form","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/","title":{"rendered":"Form 15CA &#038; 15CB- Revised rules related to Filling Form"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5012\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15ca-.png\" alt=\"15ca certificate \" width=\"978\" height=\"565\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15ca-.png 819w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15ca--300x173.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15ca--768x444.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15ca--800x462.png 800w\" sizes=\"(max-width: 978px) 100vw, 978px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d038d1d375f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d038d1d375f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#Form_15CA_15CB-_Revised_rules_related_to_Filling_Form\" title=\"Form 15CA &amp; 15CB- Revised rules related to Filling Form \">Form 15CA &amp; 15CB- Revised rules related to Filling Form <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#A_person_responsible_for_making_a_payment_to_payment_foreign_company_or_to_a_non-resident_has_to_be_avail_the_following_information_details\" title=\"A person responsible for making a payment to payment foreign company or to a non-resident has to be avail the following information &amp; details.\u00a0\">A person responsible for making a payment to payment foreign company or to a non-resident has to be avail the following information &amp; details.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#When_foreign_payment_made_is_less_than_the_amount_of_Rs_500000\" title=\"When foreign payment made is less than the amount of Rs. 5,00,000\/-.\">When foreign payment made is less than the amount of Rs. 5,00,000\/-.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#When_foreign_payment_made_above_Rs_500000\" title=\"When foreign payment made above Rs. 5,00,000\/- \">When foreign payment made above Rs. 5,00,000\/- <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#When_the_foreign_payment_made_is_not_chargeable_to_tax_under_Income_tax_act\" title=\"When the foreign payment made is not chargeable to tax under Income tax act. \">When the foreign payment made is not chargeable to tax under Income tax act. <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#Rule_37BB\" title=\"Rule 37BB\">Rule 37BB<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#FAQs_on_15CB_Form_15CA\" title=\"FAQ\u2019s on 15CB &amp; Form 15CA\">FAQ\u2019s on 15CB &amp; Form 15CA<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#What_are_consequences_with_for_non-submission_of_Form_15CB_Form_15CA\" title=\"What are consequences with for non-submission of Form 15CB &amp; Form 15CA?\">What are consequences with for non-submission of Form 15CB &amp; Form 15CA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/#Is_any_time_prescribed_for_revised_or_cancelled_of_Filing_Form_15CA15CB\" title=\"Is any time prescribed for revised or cancelled of Filing Form 15CA\\15CB?\">Is any time prescribed for revised or cancelled of Filing Form 15CA\\15CB?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Form_15CA_15CB-_Revised_rules_related_to_Filling_Form\"><\/span><span style=\"color: #ff0000;\"><strong>Form 15CA &amp; 15CB- Revised rules related to Filling Form <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While making payments outside India it is needs few compliances. These compliance to be done form <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/form-15ca-15cb-revised-rules-related-to-filling-form\/\">15CB &amp; 15CA<\/a><\/span>, when it is need. The several transaction where you required to field this form as per explained in this article. `<\/p>\n<p>Before sending the payment to payment foreign, A person responsible for making such remittance (payment) must submit the form 15CA. Both online and offline submission of this form are available at income tax portal. Before uploading the form 15CA online, a Certificate from Chartered Accountant in form 15CB may be needed in some situations.<\/p>\n<p>A CBDT Notification issued on 14<sup>th<\/sup> June 2021, Govt Tax dept. has simplify to filed the form 15CB\/15CA in online on the new website on <a href=\"http:\/\/www.incometax.gov.in\">www.incometax.gov.in<\/a>. The assesse can also filed this form in manual mode to the AD till 30<sup>th<\/sup> June 2021.<\/p>\n<p>The tax department has changed the rules &amp; regulation for made and filed of form 15CB and Form 15CA (check old rules of form 15CB)<\/p>\n<p>The changed rules applicable from 1<sup>st<\/sup> April 2016. The main aspect revision are given below-<\/p>\n<ul>\n<li>Form 15CB &amp; 15CA will not be need remittance for individual. As per RBI guideline.<\/li>\n<li>List of payments for specific purpose in explained in Rule 37BB. Where do not need filed Form 15CB &amp; 15CA. which is explain from 28 to 33 as well as payment for Imports.<\/li>\n<li>15CB Form will always need to payment done non-residents, when amount to be chargeable to tax and where payment increase Rs. 5 lakhs.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"A_person_responsible_for_making_a_payment_to_payment_foreign_company_or_to_a_non-resident_has_to_be_avail_the_following_information_details\"><\/span><span style=\"color: #000080;\"><strong>A person responsible for making a payment to payment foreign company or to a non-resident has to be avail the following information &amp; details.<\/strong><\/span><strong>\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"When_foreign_payment_made_is_less_than_the_amount_of_Rs_500000\"><\/span><span style=\"color: #000080;\"><strong>When foreign payment made is less than the amount of Rs. 5,00,000\/-.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>For such payments information is needed to be filed in Part A of Form 15CA<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"When_foreign_payment_made_above_Rs_500000\"><\/span><span style=\"color: #000080;\"><strong>When foreign payment made above Rs. 5,00,000\/- <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Following documents are need to be filed.<\/p>\n<p style=\"padding-left: 40px;\">Part B : Form 15CA of part B has to be submitted<\/p>\n<p style=\"padding-left: 40px;\">Form 15CB Certificate issused from CA<\/p>\n<p style=\"padding-left: 40px;\">Part C : 15CA of Part of C<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_the_foreign_payment_made_is_not_chargeable_to_tax_under_Income_tax_act\"><\/span><span style=\"color: #000080;\"><strong>When the foreign payment made is not chargeable to tax under Income tax act. <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Part D of Form 15CA of Part D is need to be file .<\/strong><\/p>\n<p><strong>Under the belew mention cases, No filling of details or information is require. <\/strong><\/p>\n<p>The amount paid non-resident by individual &amp; it is not need initial approval of RBI { The FEMA 1999 (42of 1999) of section 5 and read with Schedule III to the Foreign Exchange ( Current Account<\/p>\n<ul>\n<li>Transaction) Rules,2000} As per the Rule 37BB follow remittance is nature prescribed in the specified below:<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rule_37BB\"><\/span><span style=\"color: #000080;\"><strong>Rule 37BB<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Remittance towards donations to religious and charitable institutions abroad<\/li>\n<li>Loans extended to Non-Residents<\/li>\n<li>Travel for medical treatment<\/li>\n<li>Freight insurance \u2013 relating to import and export of goods<\/li>\n<li>Indian investment abroad-in branches and wholly owned subsidiaries<\/li>\n<li>Travel for education (including fees, hostel expenses etc.)<\/li>\n<li>Payment- for operating expenses of Indian shipping companies operating abroad<\/li>\n<li>Remittance by non-residents towards family maintenance and savings<\/li>\n<li>Indian investment abroad -in subsidiaries and associates<\/li>\n<li>Payments by residents for international bidding.<\/li>\n<li>Refunds or rebates or reduction in invoice value on account of exports<\/li>\n<li>Indian investment abroad -in real estate<\/li>\n<li>Remittance towards payment or refund of taxes.<\/li>\n<li>Imports by diplomatic missions<\/li>\n<li>Payments for maintenance of offices abroad<\/li>\n<li>Remittance towards personal gifts and donations<\/li>\n<li>Maintenance of Indian embassies abroad<\/li>\n<li>Contributions or donations by the Government to international institutions<\/li>\n<li>Indian investment abroad -in debt securities<\/li>\n<li>Remittance towards grants and donations to other Governments and charitable institutions established by the Governments.<\/li>\n<li>Indian investment abroad -in equity capital (shares)<\/li>\n<li>Remittances by foreign embassies in India<\/li>\n<li>Postal Services<\/li>\n<li>Construction of projects abroad by Indian companies including import of goods at project site<\/li>\n<li>Payment towards imports-settlement of invoice<\/li>\n<li>Advance payment against imports<\/li>\n<li>Imports below Rs.5,00,000-(For use by ECD offices)<\/li>\n<li>Intermediary trade<\/li>\n<li>Travel for pilgrimage<\/li>\n<li>Travel under basic travel quota (BTQ)<\/li>\n<li>Operating expenses of Indian Airlines companies operating abroad<\/li>\n<li>Remittance towards business travel.<\/li>\n<li>Booking of passages abroad -Airlines companies<\/li>\n<\/ul>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5013\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB..jpg\" alt=\"Details-needed to-file-the-forms-15CA-15CB.\" width=\"1668\" height=\"829\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB..jpg 1668w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB.-300x149.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB.-1024x509.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB.-768x382.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB.-1536x763.jpg 1536w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/Details-needed-to-file-the-forms-15CA-15CB.-800x398.jpg 800w\" sizes=\"(max-width: 1668px) 100vw, 1668px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_15CB_Form_15CA\"><\/span><span style=\"color: #ff0000;\"><strong>FAQ\u2019s on 15CB &amp; Form 15CA<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_consequences_with_for_non-submission_of_Form_15CB_Form_15CA\"><\/span><span style=\"color: #000080;\"><strong>What are consequences with for non-submission of Form 15CB &amp; Form 15CA?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>When an individual where is need to submit Form 15CB 15CA default to file the Form 15CA 15CB before making payment to out-side India or foreign Company, then he will be responsible to penalty as per section 271I of The Income Tax Act, 1961.<\/li>\n<li>As well as penal section shall be attracted even if the individual filed wrong data. The amount can paid by assesse as per demand of assessing officer for non-Compliance is Rs. 1 lakhs.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Is_any_time_prescribed_for_revised_or_cancelled_of_Filing_Form_15CA15CB\"><\/span><span style=\"color: #000080;\"><strong>Is any time prescribed for revised or cancelled of Filing Form 15CA\\15CB?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Form 15CB\\15CA can be cancelled\/Revised up-to 7 days form the filed. This Form 15CB\\15CA service withdraw the filed form will be shown on e-filling portal of the assesse area.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-5183\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15cb-ca..jpg\" alt=\"15cb ca.\" width=\"908\" height=\"1622\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15cb-ca..jpg 576w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15cb-ca.-168x300.jpg 168w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/09\/15cb-ca.-573x1024.jpg 573w\" sizes=\"(max-width: 908px) 100vw, 908px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Form 15CA &amp; 15CB- Revised rules related to Filling Form While making payments outside India it is needs few compliances. These compliance to be done form 15CB &amp; 15CA, when it is need. The several transaction where you required to field this form as per explained in this article. ` Before sending the payment to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[142],"tags":[795],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5011"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=5011"}],"version-history":[{"count":4,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5011\/revisions"}],"predecessor-version":[{"id":5015,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5011\/revisions\/5015"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=5011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=5011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=5011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}