Form 15CA is specifically for the NRI; non-residence can provide the information for chargeable taxes. It is entirely an independent system used to track the non-residence and tax liabilities of them. 15CA is nothing but a declaration and used as a tool to collect the information.
Since 1st April 2016 government made it mandatory to fill 15CA and 15CB forms online. Banks and authorized dealers are more careful now since it is their liability under section 37BB to collect the forms from an individual.
Who should submit form 15CA and 15CB?
We have made a list of scenarios in which you don’t need to send form 15CA/CB. Here is the table which explains the who should submit the form.
Hope this table helps you understand whether you should submit the form or not. If not, then comment your case, and we will try to help you.
What to do when the bank asks for 15CA but you’re not taxable?
In the case when you’re not taxable but the bank still asks for 15CA then you can make a declaration stating that why you’re not taxable under the 15CA. The providing reason for exemption from 15CA to bank must be in the form of declaration.
What you need for 15CA?
To fill up the form 15CA successfully you will need the following details.
- PAN card
- Where you live
- Phone number and email address
- Filing for person, company or organization
This is the basic things you needed for both remittee and remitter. To file this form successfully, please make sure that details are accurate and proper as mistakes can’t be rectified quickly.
How to file Form 15CA/CB Online?
For most of the people, it is very had to understand the jargon government used; we tried to simplified the process of filing form 15CA and 15CB online. Hope this helps.
Step 1: Open official income tax website and go to Prepare and Submit Online Form (Other than ITR)
Step 2: Select form 15CA. You will get the screen like bellow.
Step 3: Generate signature.
Step 4: Click continue, and you will see a popup on your screen(allow pop-up on your browser).
It has four main parts and depending upon your requirements you can select the parts of your wish from the drop down menu and click continue. For detailed steps and instructions, we have made this easy to use PDF. Click download on the button given bellow.