Dhanwani & Company (Chartered Accountants)

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15CA-15CB FORMS FOR REMITTANCES

CA Certificates like 15CA and 15CB for Remittance of Funds Outside India We provide the support in filing the Form 15CA and Form 15CB which are both related to the process of remitting money to a non-resident or a foreign entity.

Form 15CA is a declaration of remittance, which is required to be furnished by the remitter (a person making a payment to a non-resident) to the authorized dealer bank (the bank through which the remittance is made) prior to making the payment. This form contains details such as the name and address of the remitter and the beneficiary, the purpose of remittance, the amount of remittance, and the tax deducted at source (TDS), if any.

Form 15CB is a certificate by a Chartered Accountant, which is required to be obtained by the remitter from a chartered accountant before making a payment to a non-resident. This form certifies that the payment is not chargeable to tax in India or that the tax has been deducted at the appropriate rate. It also confirms that the remittance is in accordance with the provisions of the Income Tax Act, 1961 and the Double Taxation Avoidance Agreement (DTAA) between India and the country of the non-resident.

Foreign Remittance Declaration Form A2 is a document used in India for the transfer of money abroad. It is a mandatory form that needs to be submitted to the authorised dealer (a bank or financial institution authorised by the Reserve Bank of India) for any outward remittance of foreign exchange.

For remittances outside India there is a mandatory requirement for filling form 15CA-15CB to income tax department.

At “Atul Mangal & co.’ we provide following services

  • Preparation of 15CA-15CB for remittances from India.

  • Consultancy on 15CA-15CB form

  • Help for Remittance between NRO to NRE A/c.

  • Help for Remittance between NRO to Overseas A/c.

Assistance in complying with the Foreign Exchange Management Act (FEMA) regulations related to foreign remittances. NRIs can repatriate up to USD 1 million per calendar year, provided they’ve paid the applicable income tax.