The New rules to file form 15CA and 15CB Online are applicable form 1 April 2016. Based on new rules following is the detail process to file form as per requirement.

 

As per New Rules following point are important

1) Only Part A of 15CA is required in case if the amount of payment or the aggregate of such payments, made during the financial year does not exceed five lakh rupees

 

2) Part B of 15CA to be filled in case of obtaining a certificate from the Assessing Officer under section 197 or order from the Assessing Officer under sub-section (2) or sub-section (3) of section 195. So Form 15CB is not required if order or certificate is obtained from AO

 

3) Part C of 15CA can be filled after obtaining a certificate in Form No. 15CB from a Chartered accountant

 

4) Part D of Form No.15CA if any sum which is not chargeable under the provisions of the Act. So Form 15CB is not required if remittance is not chargeable to tax

 

5) Penalty of Rs. 1 lakh for each default of non-filing for forms 15CA/CB will be applicable

 

List of Payment for which 15CA CB is not required are given below

 

Sl. No.

Purpose code as per RBI

Nature of payment

1

S0001

Indian investment abroad - in equity capital (shares)

2

S0002

Indian investment abroad - in debt securities

3

S0003

Indian investment abroad - in branches and wholly owned subsidiaries

4

S0004

Indian investment abroad - in subsidiaries and associates

5

S0005

Indian investment abroad - in real estate

6

S0011

Loans extended to Non-Residents

7

S0101

Advance payment against imports

8

S0102

Payment towards imports - settlement of invoice

9

S0103

Imports by diplomatic missions

10

S0104

Intermediary trade

11

S0190

Imports below Rs.5,00,000 - (For use by ECD offices)

12

SO202

Payment for operating expenses of Indian shipping companies operating abroad

13

SO208

Operating expenses of Indian Airlines companies operating abroad

14

S0212

Booking of passages abroad - Airlines companies

15

S0301

Remittance towards business travel

16

S0302

Travel under basic travel quota (BTQ)

17

S0303

Travel for pilgrimage

18

S0304

Travel for medical treatment

19

S0305

Travel for education (including fees, hostel expenses etc.)

20

S0401

Postal services

21

S0501

Construction of projects abroad by Indian companies including import of goods at project site

22

S0602

Freight insurance - relating to import and export of goods

23

S1011

Payments for maintenance of offices abroad

24

S1201

Maintenance of Indian embassies abroad

25

S1202

Remittances by foreign embassies in India

26

S1301

Remittance by non-residents towards family maintenance and savings

27

S1302

Remittance towards personal gifts and donations

28

S1303

Remittance towards donations to religious and charitable institutions abroad

29

S1304

Remittance towards grants and donations to other Governments and charitable institutions established by the Governments

30

S1305

Contributions or donations by the Government to international institutions

31

S1306

Remittance towards payment or refund of taxes

32

S1501

Refunds or rebates or reduction in invoice value on account of exports

33

S1503

Payments by residents for international bidding.

 

 

 

 

Instructions to e-File Form 15CA and 15CB

 

Registration process for Filing Form 15CA

To file the “Form 15CA”, user should hold valid PAN/TAN and should be registered in e-Filing. If not already registered, user should go to Register Yourself, Select User Type and complete the registration process.

Filing process

Step 1 - Login to e-Filing, Go to e-File -> Prepare and Submit Online Form (Other thanITR)

Step 2 - Select Form 15CA from the drop down.

Note: For TAN Users DSC is Mandatory to file Form 15CA.

Step 3 - Generate signature for the zip file using DSC Management Utility (availableunder Downloads) and upload the generated signature file.

 

Step 4 – Click Continue. A popup appears as shown below

Note: Form 15CA has 4 Parts as below-

 

Part

Description

Part A

To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and the remittance or the aggregate of such remittances, as the case may  be, does  not  exceed  five lakh  rupees during the financial year)

Part B

To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act, 1961 and the remittance or the aggregate of such remittances, as the case may be, does not exceed five lakh rupees during the financial year and an order/ certificate u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer.

Part C

To be filled up if the remittance is chargeable to tax under the provisions of Income-tax Act, 1961 and the remittance or the aggregate of such remittances, as the case may be, exceeds five lakh rupees during the financial year and a certificate in Form No. 15CB from an accountant as defined in the Explanation below sub-section (2) of section 288 has been obtained.

Part D

To be filled up if the remittance is not chargeable to tax under the provisions of the Income-tax Act,1961 other than payments referred to

in rule 37BB(3) by the person referred to in rule 37BB(2)

 

Note - Upload of Form 15CB is mandatory prior to filling Part C of Form 15CA. To prefill thedetails in Part C of Form 15CA, the Acknowledgment number of e-Filed Form 15CB should be provided.

Step 5 – Click Continue.

Step 6 – Fill in all the mandatory details andclick “Submit”.

Step 7 – On successful submit, the user will be redirected to Success page.

View Form 15CA             

Step 1 – To view the submitted Form 15CA, Navigate to My account -> View Form 15CA.

Advanced Search is available to filter the search criteria.

Note – “Withdraw Form 15CA” link will be available to users to withdraw the uploaded

FORM 15CA. Users can withdraw within 7 days of submission of FORM.

Step 2 – Click on“Withdraw Form 15CA” linkagainst the Form uploaded to withdraw theuploaded FORM 15CA. A confirmation page appears.

Instructions to e-File Form 15CA and 15CB

Step 3 – Check the checkbox stated “Click here to agree for withdrawal of Form 15CA” andclick “Confirm withdrawal” button. Success message is displayed on the screen.

Step 4 – The status of the Form is changed to Form 15CA Withdrawn.

Step 5 – To view the details of the Form, click on the Acknowledgement Number.

Step 6 – The details of Acknowledgement Number is displayed as a popup. User candownload PDF, Receipt, and XML.

Registration process for Filing Form 15CB

Pre-requisite

In order to file Form 15CB, Taxpayer must Add CA. To add CA, please follow the below steps.

Step 1 – Login to e-Filing Portal, Navigate to “My Account Add CA”.

Step 2 – Enter the Membership Number of the CA.

Step 3 – Select 15CB as Form Name and Click Submit.

Once the taxpayer adds the CA, the CA can file Form 15CB in behalf of the Taxpayer. In order to file Form 15CB, Chartered Accountant must follow the below steps.

Step 1 – User should be registeredas “Chartered Accountant”in e-Filing. If not alreadyregistered, user should click the link Register Yourself in the homepage.

Step 2 – Select“Chartered Accountants”under Tax Professional and click Continue.

Step 3 – Enter the mandatory details and complete the registration process.

Filing process

Step 1 – Download FORM 15CB utility from Downloads page and prepare the XML File.

         Step 2 – Login to e-Filing, Go to e-FileUpload Form, Enter PAN/TAN of assesse, PAN ofCA, Select Form Name as 15CB, Select Filing Type as Original.

         Step 3 – Upload the XML generated from the downloaded utility. Upload the signature filegenerated using DSC Management Utility for the XML.

        Note: DSC is Mandatory to file Form 15CB.

 

Step 4 - On Successful Validation, Form 15CB is uploaded in e-Filing Portal. Successmessage is displayed as shown below.

View Form 15CB

After CA uploads Form 15CB, the Assessee can view the uploaded FORM 15CB under

Worklist For Your Information

Step 1 – Login to e-Filing, Go to WorklistFor Your Information.

Step 2 – Form 15CB submitted by CA are displayed here.

 

Step 3 – Click on “View Form” link to view the Uploaded Form details. The status of theform on submission shall appear as “Submitted”.

On successful filing of Form 15CA-Part C against the particular Form 15CB, the status of Form 15CB shall update as “Consumed”.

In case of withdrawal of Form 15CA against which Form 15CA was consumed, then the status of Form 15CB will change from “Consumed” to “Withdrawn”.

One Form 15CB can be consumed for filing one Form 15CA only.

Step 4 – Click on “Click here to view the uploaded Form 15CB” link todownload thePDF

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