Common Questions
Most Popular Questions
15CA and 15CB Certification Filing is the process of obtaining certificates from chartered accountants for remittances made to non-residents or foreign entities, as required under the Income Tax Act.
15CA and 15CB Certification Filing is required for all remittances made to non-residents or foreign entities, exceeding specified thresholds, as per the Income Tax Act.
Form 15CA is a declaration form required to be submitted electronically by the remitter to the Income Tax Department for all remittances made to non-residents, except those covered under specified exemptions.
Form 15CB is a certification form required to be issued by a chartered accountant certifying the nature and purpose of the remittance, compliance with tax laws, and other relevant details.
Remittances such as payment for imports, payment for services, payment for royalty or technical fees, and other specified transactions are covered under 15CA and 15CB.
The remitter or the person making the remittance is responsible for obtaining 15CA and 15CB certifications from chartered accountants as per the Income Tax Act.
Non-compliance with 15CA and 15CB requirements may attract penalties, fines, and other legal consequences for the remitter, besides disallowance of the remittance.
Yes, Form 15CA can be filed online through the Income Tax Department's e-filing portal, while Form 15CB is issued in physical or electronic format by the chartered accountant.
Documents such as invoices, agreements, bank statements, and other relevant financial documents are needed for 15CA and 15CB Certification Filing.
CompanyAvenue Advisory provides expert assistance for 15CA and 15CB Certification Filing, including preparation of forms, compliance with tax laws, and liaison with chartered accountants, ensuring accurate and timely filing.
