Form 15CB online Filing Process on New Income Tax Website I CA Satbir Singh

In this video you will learn how to file Form 15CB on new Income tax website . If payments made to NRI exceeding Rs 5 Lakh . Certificate ?Needs to be taken from Chartered Accountants regarding TDS on Income paid. Form 15CA and Form 15CB needs to be filed

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What is Form 15CB?
Form 15CB is a certificate to be furnished by an Accountant in cases where any payment / aggregate of payments exceeding ₹5 Lakh in a FY, chargeable to income tax is made to a Non-Resident, not being a Company or to a Foreign Company, and a certificate from the AO u/s 195 / 197 is not obtained.
In form 15CB, a CA certifies the details of the payment, TDS rate, TDS deduction and other details of nature and purpose of remittance.
In other words, Form 15CB is the Tax Determination Certificate in which the CA examines a remittance with regard to chargeability provisions.


Who can use Form 15CB?
Form 15CB is accessed and submitted by a Chartered Accountant who is registered on the e-Filing portal.
The CA must be assigned Form 15CA by the taxpayer in order to be able to certify the details in Form 15CB.

What is the purpose of certification in Form 15CB?
15CB is the Tax Determination Certificate where the CA examines the remittance with regard to chargeability provisions under Section 5 and 9 of the Income Tax Act along with the provisions of Double Taxation Avoidance Agreements (DTAA) if any.




Is it mandatory to file Form 15CB before filing Form 15CA (Part C)?
Upload of Form 15CB is mandatory prior to filling Part C of Form 15CA.

To prefill the details in Part C of form 15CA, the Acknowledgement Number of e-Verified Form 15CB should be verified.





Can Form 15CB be filed only in the offline mode?
Form 15CB can be filed and submitted both in online and offline mode.
The Offline Utility for Statutory Forms service for statutory forms enable you to fill and submit Form 15CB in the offline mode.



How should form 15CB be verified? Is there any time limit to submit this form?
This form can only be e-Verified using DSC.
The DSC of the CA should be registered on the e-Filing portal.
There is no time limit prescribed to submit Form 15CB. However, it should be submitted before the remittance is made.


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DISCLAIMER ***
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.