For Indians, Form 15CA and Form 15CB are two key forms mandated under the Income Tax Act. These forms guarantee that the payments to non-residents are tax-compliant and reported to the authorities correctly. Shine Legal India specializes in helping individuals and companies with the correct and timely submission of these forms to ensure total compliance with Indian tax laws.
Form 15CA is a report submitted by the remitter and is a significant document for tracing cross-border transactions. It is reported online prior to the making of the remittance and usually acts as a mandatory requirement by the banks for completing any foreign payment.
Form 15CB is a chartered accountant's certificate stating that the remittance is in terms of the Income Tax Act and the relevant TDS has been properly deducted. The CA checks taxability, DTAA benefits, and withholding tax rates before issuing Form 15CB.
Depending on the nature and size of the remittance, both may be necessary. Filing them in the wrong way can lead to penalties or delays in transactions. That's where Shine Legal India comes in. With our extensive knowledge and expert CA network, we make it easy and take care of everything from documentation to submission—leaving you worry-free.
Whether you're paying for imports, royalties, or personal remittances, Shine Legal India provides end-to-end assistance for Form 15CA-15CB filing. Our services are safe, quick, and in complete compliance with the most recent regulatory guidelines.
Rely on Shine Legal India for hassle-free foreign remittance documentation and professional legal advice as per your unique requirements.
At Shine Legal India, we're committed to demystifying FEMA compliance with actionable, business-driven solutions. We think that sound compliance is more than avoiding legal pitfalls—it's a pillar for long-term growth in the global economy.
For sound FEMA advisory and customized legal assistance, get in touch with Shine Legal India—your reliable partner in foreign exchange compliance.
