Intimation to the Department about Payment to Non-Resident
Introduction
Any person making a payment to a non-resident must furnish information in Form 15CA and, in certain cases, obtain a certificate in Form 15CB from a Chartered Accountant.
Form 15CA – Details of Foreign Payments
|
Scenario |
Form 15CA Part to be Filed |
Additional Requirement |
|
Payment is chargeable to tax & ≤ 5 lakh |
Part A |
No additional certificate required |
|
Payment is chargeable to tax & > 5 lakh (with AO’s nil/lower TDS order) |
Part B |
AO order under Section 195(2) or 195(3) |
|
Payment is chargeable to tax & > 5 lakh (without AO order) |
Part C |
Form 15CB (CA Certificate) Required |
|
Payment is not chargeable to tax |
Part D |
No additional certificate required |
Exemptions from Filing Form 15CA
No reporting required if:
- Payment is made by an individual and does not require RBI approval under FEMA.
- Payment is made by IFSC units referred to inSection 80LA(1A).
- Payments include foreign investments, imports, travel, personal remittances, embassy expenses, etc.
Form 15CB – CA Certification
- Required when payment is chargeable to tax and exceeds 5 lakh.
- Must be obtained before filing Part C ofForm 15CA.
Quarterly Reporting by Banks & IFSC Units
|
Form |
Entity Required to File |
Due Date |
|
Authorised Dealers |
Within 15 days from quarter-end |
|
|
IFSC Units making payments to non-residents |
Within 15 days from quarter-end |