Expert 15CA-15CB Filing for Foreign Remittances

15CA-15CB filing is mandatory for all overseas remittances under FEMA regulations. Our expert CA team ensures accurate compliance with RBI guidelines, proper documentation for foreign exchange transactions, and seamless processing of international payments for businesses and individuals.

Benefits of Professional 15CA-15CB Filing

  • FEMA Compliance: Complete adherence to Foreign Exchange Management Act and RBI regulations
  • Quick Processing: Fast-track approval for urgent foreign remittances and payments
  • Expert Guidance: Professional CA assistance for complex international transaction documentation
  • Tax Optimization: Proper TDS calculation and withholding tax compliance for overseas payments
  • Penalty Avoidance: Timely filing prevents RBI penalties and transaction delays
  • Bank Acceptance: Properly filed forms ensure smooth bank processing of foreign remittances

15CA-15CB Filing Process

1

Document Collection

Gather remittance details, beneficiary information, invoices, contracts, and supporting documents for the foreign payment

2

Tax Calculation

Calculate applicable TDS rates, withholding tax obligations, and determine exemptions under DTAA provisions

3

Form 15CA Filing

Prepare and file Form 15CA online with complete remittance details and generate unique transaction number

4

Form 15CB Certification

Obtain CA certificate in Form 15CB confirming tax compliance and DTAA benefit eligibility (if applicable)

5

Bank Submission

Submit completed forms to authorized dealer bank for processing the foreign exchange transaction

Frequently Asked Questions

What are Forms 15CA and 15CB and when are they required?

Form 15CA is a declaration filed by the remitter for overseas payments, while Form 15CB is a chartered accountant's certificate. Both are mandatory for most foreign remittances above ₹2.5 lakh per transaction under FEMA regulations, except for specific exempted categories like education fees and medical treatment.

What is the threshold limit for 15CA-15CB filing?

Forms 15CA-15CB are generally required for remittances exceeding ₹2.5 lakh per transaction. However, for certain categories like business payments, professional services, and technical fees, these forms may be required regardless of the amount. Specific exemptions apply for education, medical treatment, and maintenance of close relatives abroad.

What documents are required for 15CA-15CB filing?

Required documents include PAN card, invoices/bills, contracts/agreements, bank account details of beneficiary, purpose of remittance documentation, TDS certificates (if applicable), and any DTAA benefit documents. Additional documents may be required based on the nature of the transaction.

What is DTAA and how does it affect TDS on foreign remittances?

Double Taxation Avoidance Agreement (DTAA) is a treaty between India and other countries to avoid double taxation. Under DTAA, reduced TDS rates may apply on foreign payments. Form 15CB certification by a CA is mandatory to claim DTAA benefits, confirming the eligibility and applicable reduced tax rates.

What are the TDS rates on different types of foreign payments?

TDS rates vary: Professional/Technical services - 10%, Royalty/License fees - 10%, Interest payments - 20%, Other business payments - 10%. These rates may be reduced under DTAA provisions. Some payments like reimbursements and capital goods imports may not attract TDS.

How long does the 15CA-15CB filing process take?

Normal processing takes 3-5 working days, while urgent cases can be processed in 1-2 working days. Same-day processing is available for emergency remittances. The timeline depends on document completeness, complexity of the transaction, and whether DTAA benefits are being claimed.

What are the penalties for non-compliance with 15CA-15CB requirements?

Non-compliance can result in RBI penalties up to ₹1 lakh per violation, rejection of remittance by banks, and potential legal issues under FEMA. Additionally, improper TDS compliance can lead to income tax penalties and disallowance of expenses claimed by the remitter.

Can individuals file 15CA-15CB or is it only for businesses?

Both individuals and businesses can file 15CA-15CB forms for eligible foreign remittances. Individuals typically need these forms for business payments, professional services, or investment-related remittances. Personal remittances like education fees, medical treatment, and family maintenance are generally exempt from these requirements.