A Form 15CA is a declaration that is used to collect the information which is related to the payments that are chargeable to tax with Non-residents. It is a useful system that provides an effective information processing system. The Income Tax Department can also use the Form 15CA to trace the foreign transactions and their nature to determine their taxation.
A Form 15CB is a form that is required to be signed by a chartered accountant. This is a certificate that confirms that you have paid all your pending taxes.
What information is required to fill out the Form 15CA and Form 15CB?
Here is the information which you need to gather to fill out your Form 15CA and Form 15CB.
The purpose of the Form 15CA is to track the foreign remittances and to ensure that you have paid all the taxes in accordance with and following all the rules and regulations of the Indian Income Tax.
This form is required for the payments that are made to non-residents, which include dividends, royalties, Interest, professional fees, salaries and etc.
How to file Form 15CA and Form 15CB?
Here are the simple and easy steps to file Form 15CA and Form 15CB.
Application process to file Form 15CA:
Application process for filing Form 15CB:
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The main purpose of the Form 15CB is that it is evidence that confirms, by a chartered accountant, that you have paid all the taxes in accordance with Indian laws.