Form 15CA & 15CB Outward Remittance Checklist (Rule 37BB)

Statutory Mandate under Rule 37BB

Under Section 195(6) of the Income-tax Act, 1961 read with Rule 37BB of the Income-tax Rules, any person responsible for making a payment or remittance to a non-resident or foreign company must furnish statutory information in Form 15CA and, where applicable, obtain an attestation in Form 15CB from an independent Chartered Accountant.

1. Form 15CA Parts Breakdown (Rule 37BB)

Part A: Low-Value Remittances For payments taxable in India where the aggregate of remittances does not exceed ₹5 Lakhs during the financial year. No Form 15CB required.

Part B: Lower TDS Certificate Where an order or certificate under Section 195(2), 195(3), or 197 has been obtained from the Assessing Officer. No Form 15CB required.

Part C: CA Certification (Form 15CB) For remittances taxable in India exceeding ₹5 Lakhs in a financial year. Mandatory Form 15CB CA attestation with 18-digit UDIN required before filing Part C.

Part D: Non-Taxable Remittances For remittances not chargeable to tax under the provisions of the Income-tax Act (other than payments specified in the 33 exempt categories under Rule 37BB(3)).

2. Mandatory Documents Checklist for Form 15CB

Tax Residency Certificate (TRC): Duly validated TRC of the non-resident payee issued by the sovereign revenue authority of the foreign country.
Form 10F: Mandatory self-declaration under Rule 21AB (filed electronically on CBDT portal if payee has PAN or manual where exempt).
No Permanent Establishment (PE) Declaration: Declaration confirming no fixed base or agency PE in India under Article 5 of DTAA.
Commercial Invoices & Agreement: Underlying technical services, software license, or consulting agreement.

3. Bank Compliance & Authorized Dealer (AD) Verification

Authorized Dealer Banks in India verify the 18-digit Unique Document Identification Number (UDIN) generated by the certifying Chartered Accountant on the ICAI UDIN portal before authorizing foreign outward wire transfers.

Interactive Form 15CA / 15CB Screener

Determine whether your overseas remittance requires Part A, B, C, or D and Form 15CB attestation.

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