How to file Online Form 15CA in Income Tax for Remittance Outside India

Maximum amount of remittance individuals can make

Under the Liberalized Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both.

In India in order to make payment outside India there are various compliance which a person is required to comply, one of such compliance is filing of Form 15CA. The basic purpose of the form is to collect taxes at the stage when the remittance is made as it may not be possible to collect tax from the non-resident at a later stage. Form 15CA is submitted by a person when making the remittance to a Non resident or a foreign company. Form 15CA is to be submitted online on the e filing portal. Form 15CA has been classified into 4 parts it is as follows:

PART A: – To be filled if the remittance is chargeable to tax under the Income Tax Act and such remittance or aggregate remittance does not exceed 5 lakh rupees during the F.Y.

PART B: – To be filled if the remittance is chargeable to tax under the Income Tax Act and such remittance or aggregate remittance does not exceed 5 lakh rupees during the F.Y and an order /certificate u/s 195(2)/ 195(3)/197 of Income Tax Act has been obtained from the A.O. (Whether Nil rate or Lower rate Certificate).

PART C: – To be filled if the remittance is chargeable to tax under the Income Tax Act and such remittance or aggregate remittance does not exceed 5 lakh rupees during the F.Y and a Certificate in Form 15CB from a Chartered Accountant

PART D: – To be filled if the remittance is not chargeable to tax under Income Tax Act

Depending on the above situation the assessee has to fill the respective part of Form 15CA respectively.

Individual is not required to furnish the information in Form 15CA and 15CB for remittance which requires no RBI approval. Below is the list where form 15CA/ CB is not required as per Income Tax, For Nature of Payment other than listed below Individuals have to file Form 15CA and Form 15CB as per rules.

Sl. No.	Purpose code as per RBI	Nature of payment
1	S0001	Indian investment abroad – in equity capital (shares)
2	S0002	Indian investment abroad – in debt securities
3	S0003	Indian investment abroad – in branches and wholly owned subsidiaries
4	S0004	Indian investment abroad – in subsidiaries and associates
5	S0005	Indian investment abroad – in real estate
6	S0011	Loans extended to Non-Residents
7	S0101	Advance payment against imports
8	S0102	Payment towards imports – settlement of invoice
9	S0103	Imports by diplomatic missions
10	S0104	Intermediary trade
11	S0190	Imports below Rs.5,00,000 – (For use by ECD offices)
12	SO202	Payment for operating expenses of Indian shipping companies operating abroad
13	SO208	Operating expenses of Indian Airlines companies operating abroad
14	S0212	Booking of passages abroad – Airlines companies
15	S0301	Remittance towards business travel
16	S0302	Travel under basic travel quota (BTQ)
17	S0303	Travel for pilgrimage
18	S0304	Travel for medical treatment
19	S0305	Travel for education (including fees, hostel expenses etc.)
20	S0401	Postal services
21	S0501	Construction of projects abroad by Indian companies including import of goods at project site
22	S0602	Freight insurance – relating to import and export of goods
23	S1011	Payments for maintenance of offices abroad
24	S1201	Maintenance of Indian embassies abroad
25	S1202	Remittances by foreign embassies in India
26	S1301	Remittance by non-residents towards family maintenance and savings
27	S1302	Remittance towards personal gifts and donations
28	S1303	Remittance towards donations to religious and charitable institutions abroad
29	S1304	Remittance towards grants and donations to other Governments and charitable institutions established by the Governments
30	S1305	Contributions or donations by the Government to international institutions
31	S1306	Remittance towards payment or refund of taxes
32	S1501	Refunds or rebates or reduction in invoice value on account of exports
33	S1503	Payments by residents for international bidding.

Procedure to file form 15CA online:

Step 1: Go to https://www.incometaxindiaefiling.gov.in/ and Login to E filing portal

Step 2: Now, go to E file tab and click on “Income Tax Forms”

It will direct you to Income tax form page

Step 3: Select “Form 15CA- Information for payment to Non-resident” from the Form Name drop down

Select Submission mode as “Prepare and Submit Online” and click on “Continue” button

Step 4: Filing of Form 15CA

After step 4 a pop up will appear where you will be prompted to select the Part of 15CA which you want to fill, we will be filling Part A and Part B in this article.

A. Filling of Part A

Select Part A from the drop down and click on “continue” button. It will redirect to Form 15CA page.

Click on “Part A” tab and fill the following details in form (15CA- Part A):

1. Enter the details of the remitter like name of the remitter, TAN of remitter (if available), Address of the remitter, Phone and mail id of the remitter
2. Enter the status of the remitter i.e. whether he is a Individual, firm or company
3. Enter the residential status of the remitter
4. Enter the details of the remittee i.e. the person who is receiving the remittance the details include like name of the remittee, PAN or TAN of remittee (if available), Address of the remittee, Phone and mail id of the remittee
5. Country to which the remittance is made
6. Enter the remittance details as follows:
   • Amount payable before TDS
   • Aggregate amount of remittance made during the year including the proposed/ current remittance
   • Name and Branch details of the bank through which the remittance is made
   • Proposed date of remittance
   • Provide the nature of remittance as per the agreement or the document
   • Furnish the relevant purpose code as per RBI
   • If TDS is been deducted from the remittance then provide the Amount of TDS deducted
   • Provide the rate at which TDS is been deducted
   • Provide the Date of deduction of TDS

After filing the above form fill the verification tab and click on “Preview and Submit” button

Your form will get submitted online.

B. Filing of Part B

Select Part B from the drop down and click on “continue” button. It will redirect to Form 15CA page.

Click on “Part B- Section A” tab and fill the following details in form (15CA- Part B):

1. Enter the details of the remitter like name of the remitter, TAN of remitter (if available), Address of the remitter, Phone and mail id of the remitter
2. Enter the status of the remitter i.e. whether he is a Individual, firm or company
3. Enter the residential status of the remitter
4. Enter the details of the remittee i.e. the person who is receiving the remittance the details include like name of the remittee, PAN or TAN of remittee (if available), Address of the remittee, Phone and mail id of the remittee
5. Fill the details of the assessing officer order received the detail include:
   • Section under which
   • Name of the Assessing officer who issued the order/ certificate
   • Designation of the assessing officer who issued the order/ certificate
   • Date of order/ certificate
   • Order/ certificate number

Now, Click on “Part B- Section B” tab and fill the following details:

1. Country to which the remittance is made
2. Currency in which the remittance is made
3. Enter the remittance details as follows:
   • Amount payable in foreign currency and Indian rupees
   • Name and Branch details of the bank through which the remittance is made
   • Proposed date of remittance
   • Provide the nature of remittance as per the agreement or the document
   • Furnish the relevant purpose code as per RBI
   • If TDS is been deducted from the remittance then provide the Amount of TDS deducted
   • Provide the rate at which TDS is been deducted
   • Provide the Date of deduction of TDS

After filing the above form fill the verification tab and click on “Preview and Submit” button

Your form will get submitted online.

Enter your email address:

Subscribe to faceless complainces