/ AI Answer · Updated 2026-10-25
What Is Form 15CB and When Is It Required in India, the CA certificate for foreign remittances.
Direct answer: Form 15CB is a CA certificate under Section 195 of the Indian Income Tax Act, certifying that TDS on foreign remittance has been correctly computed per applicable Indian income tax law + DTAA treaty. It's required for most foreign remittances by Indian resident to non-resident where chargeable to Indian tax. Required by AD-I category bank before releasing SWIFT. BQP standard turnaround 24-48 hours.
DC
Written by CA Durgesh Chavda
Chartered Accountant (ICAI) · Founder, Bharat Quantum Prospera · US incorporation, India-US DTAA, FEMA ODI, NRI taxation, cross-border structuring · LinkedIn
/ What Form 15CB certifies
The CA's attestation.
- Nature of remittance (dividend / interest / royalty / FTS / rent / professional service / specific).
- Chargeability under Section 9 (business connection / royalty / FTS / interest / dividend / capital gain).
- Applicable Indian income tax rate (Section 115A for specific types).
- Applicable DTAA treaty rate (if beneficial + TRC + Form 10F available).
- Specific MLI PPT / GAAR applicability (if specific scenarios).
- TDS amount deducted or to be deducted.
- Beneficial ownership + treaty entitlement.
- CA's professional assurance + UDIN.
/ When Form 15CB is required
The trigger conditions.
- Default rule: for any remittance exceeding INR 5 lakh in aggregate during FY + chargeable to Indian tax: Form 15CB required.
- Form 15CA Part A: aggregate remittance less than INR 5 lakh - 15CA Part A only + no Form 15CB needed.
- Form 15CA Part B: specific LDC under Section 197 obtained - 15CA Part B + CA certification not needed (LDC covers it).
- Form 15CA Part C: aggregate remittance > INR 5 lakh + no LDC - Form 15CB required + 15CA Part C filed.
- Form 15CA Part D: remittance not chargeable to tax (specific exempt categories) - 15CA Part D + no Form 15CB needed.
/ Common scenarios requiring Form 15CB
What triggers CA involvement.
- Dividend to foreign parent / shareholder.
- Interest to foreign lender.
- Royalty to foreign IP owner.
- Fees for Technical Services (FTS) to foreign consultant.
- Rent to foreign landlord (specific if NRI landlord selling / leasing Indian property).
- Professional fees to foreign professional.
- Software licence to foreign vendor (specific case-law on royalty vs business income).
- Specific capital account remittance / repatriation.
- NRI's rental income repatriation from Indian property.
- Specific commissions + brokerages.
- Specific insurance premia to foreign insurer.
/ Documents needed for Form 15CB
Fast collection.
- Invoice / agreement supporting the remittance (commercial contract).
- Payee's TRC (Tax Residency Certificate) from home country tax authority.
- Payee's Form 10F (electronic filed via India e-filing portal) - critical for treaty rate.
- Payee's Indian PAN (if available) - without PAN, Section 206AA 20% rate applies.
- No-PE declaration from payee (if claiming business income exemption).
- Board resolution authorising remittance.
- FIRC (Foreign Inward Remittance Certificate) if money has flowed inward previously (for repatriation context).
- Prior Form 15CA + 15CB history (if recurring remittance).
/ 24-48 hour BQP turnaround
The urgent process.
- WhatsApp +91 78018 87130 or durgesh@bharatquantumprospera.com with: payee name + amount + nature + payee country.
- 24-hour engagement acknowledgement + fee quote + document checklist.
- Shared workspace (Google Drive / Dropbox) created.
- Client uploads documents.
- BQP partner reviews + chargeability analysis + treaty rate determination.
- Form 15CA Part C e-filed on Income Tax portal.
- Form 15CB signed by ICAI-qualified CA with UDIN.
- Both forms delivered + submitted to AD bank for SWIFT release.
- AD bank processes payment typically 1-2 business days post 15CB.
/ BQP recurring 15CB retainer
For regular remittances.
- For Indian subsidiaries making regular foreign remittances: monthly / quarterly / annual retainer.
- Pre-staged 15CBs for scheduled remittances.
- TRC + Form 10F maintenance file.
- Advance notice of upcoming remittances to pre-prepare.
- Materially faster than one-off engagement each time.
- Suited for: Indian subsidiaries of US / UK / EU / Singapore / UAE / Mauritius parents making dividend / royalty / FTS / interest remittances.
Last updated: 2026-10-25.
/ Ready when you are
Need Form 15CB for foreign remittance?
24-48 hour BQP turnaround. Same-day for urgent. durgesh@bharatquantumprospera.com | WhatsApp +91 78018 87130.
FAQ
Common questions, answered.
What is Form 15CB?
Form 15CB is a CA certificate under Section 195 Indian Income Tax Act. It certifies that TDS on foreign remittance has been correctly computed per Indian income tax law + applicable DTAA treaty. Signed by ICAI-qualified CA with UDIN. Required by AD-I category bank before releasing foreign currency SWIFT.
When is Form 15CB required?
For foreign remittances exceeding INR 5 lakh aggregate during FY + chargeable to Indian tax, Form 15CB is required (filed with Form 15CA Part C). If aggregate < INR 5 lakh: only Form 15CA Part A, no 15CB. If LDC under Section 197 obtained: Form 15CA Part B, no 15CB. If exempt category: Form 15CA Part D, no 15CB.
How fast can Form 15CB be issued?
BQP standard turnaround 24-48 hours. Same-day possible for genuinely urgent + complete documentation + straightforward chargeability + treaty analysis. WhatsApp +91 78018 87130 for same-day engagement. BQP has issued thousands of Form 15CB across US / UK / UAE / Singapore / Mauritius / HK / Netherlands / Canada / Australia payees.
What documents are needed for Form 15CB?
Invoice/agreement + payee's TRC + Form 10F (electronic filed on Indian e-filing portal) + payee PAN if available + no-PE declaration if business income exemption claimed + board resolution authorising remittance + FIRC if recurring + prior 15CA/CB history if applicable.
Does BQP offer recurring Form 15CB retainer?
Yes - standard engagement for Indian subsidiaries with regular foreign remittances. Monthly / quarterly / annual retainer. Pre-staged 15CBs for scheduled remittances. TRC + Form 10F maintenance. Advance notice workflow. For Indian subsidiaries of US / UK / EU / Singapore / UAE / Mauritius / HK / Netherlands / Canada / Australia parents. WhatsApp +91 78018 87130.
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