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Form 15 CA - CB for Foreign Remittances

There has been significant changes in applicability of Form 15CA-CB Filing. The significant changes are as follows –
  • Form 15CA and 15CB will be NOT be required to be furnished by an individual for remittance, which does not require RBI approval
  • List of payments of specified nature mentioned in Rule 37BB, which do not require submission of Forms 15CA and 15CB, has been expanded from 28 to 33 including payments for imports.
  • Form No. 15CB will only be required for payments made to non-residents, which are taxable and if the payment exceeds Rs. 5 lakhs.
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About This Plan

File your form 15CA-CB with help of Experts.

Created by potrace 1.15, written by Peter Selinger 2001-2017

Timeline

It usually takes 1 to 2 working days.

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Services Covered
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How It's Done
Documents Required
Services Covered
  • Discussion about the matter with an Expert
  • Preparation & Filing of Forms
Who Should Buy
  • Business/Individuals making payments abroad.
How It's Done

    • Upload documents on vault.
    • Review the drafted forms by our experts.
    • Filing of forms.
Documents Required

A. Details of Remitter  

1. Name of the Remitter

2. Address of the Remitter

3. PAN of the Remitter

4. Principal Place of Business of the Remitter

5. E-Mail Address and Phone No. Of Remitter

6. Status of the Remitter (Firm/Company/Other)

 

B. Details of Remittee

1. Name and Status of the Remittee

2. Address of the Remittee

3. Country of the Remittee (Country to Which Remittance Is Made)

4. Principal Place of the Business of the Remittee

 

C. Details of the Remittance

1. Country to Which Remittance Is Made

2. Currency in Which Remittance Is Made

3. Amount of Remittance in Indian Currency

4. Proposed Date of Remittance

5. Nature of Remittance as Per Agreement (Invoice Copy, If any)

 

D. Bank Details of the Remitter  

1. Name of Bank of the Remitter

2. Name of Branch of the Bank

3.  BSR Code of the Bank

 

E. Others

1. Father’s Name of the Signing Person

2. Designation Of The Signing Person

Some more details about Form 15CA -CB

1. Here are the full details

A person responsible for making a payment to a non-resident or to a foreign company has to provide the following details –

2. When payment made is below Rs 5 lakh

For such payments information is required in Part A of Form 15CA

  • Part D of Form 15CA

In the following cases, no submission of information is required

The remittance is made by an individual and it does not require prior approval of Reserve Bank of India [as per the provisions of section 5 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with Schedule III to the Foreign Exchange (Current Account Transaction) Rules, 2000]
The remittance is of the nature specified in the list below:
Rule 37BB
Sl. No.Nature of Payment
1Indian investment abroad -in equity capital (shares)
2Indian investment abroad -in debt securities
3Indian investment abroad-in branches and wholly owned subsidiaries
4Indian investment abroad -in subsidiaries and associates
5Indian investment abroad -in real estate
6Loans extended to Non-Residents
7Advance payment against imports
8Payment towards imports-settlement of invoice
9Imports by diplomatic missions
10Intermediary trade
11Imports below Rs.5,00,000-(For use by ECD offices)
12Payment- for operating expenses of Indian shipping companies operating abroad.
13Operating expenses of Indian Airlines companies operating abroad
14Booking of passages abroad -Airlines companies
15Remittance towards business travel.
16Travel under basic travel quota (BTQ)
17Travel for pilgrimage
18Travel for medical treatment
19Travel for education (including fees, hostel expenses etc.)
20Postal Services
21Construction of projects abroad by Indian companies including import of goods at project site
22Freight insurance – relating to import and export of goods
23Payments for maintenance of offices abroad
24Maintenance of Indian embassies abroad
25Remittances by foreign embassies in India
26Remittance by non-residents towards family maintenance and savings
27Remittance towards personal gifts and donations
28Remittance towards donations to religious and charitable institutions abroad
29Remittance towards grants and donations to other Governments and charitable institutions established by the Governments.
30Contributions or donations by the Government to international institutions
31Remittance towards payment or refund of taxes.
32Refunds or rebates or reduction in invoice value on account of exports
33Payments by residents for international bidding.