Introduction to Form 15CA/15CB
A Person Responsible For Making a Payment to a non-resident or to a foreign company has to comply with form 15CA & 15CB provisions
Form15CA is a Declaration given by Remitter and is used as a tool by statutory authorities for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident.
Form15CB - The person making the payment needs to obtain a certificate from a Chartered Accountant in Form 15CB.
Form15CB is the Tax Determination Certificate where the issuer CA examines the remittance having regard to chargeability provisionsu/s 5 and 9 of Income tax Act along with provisions of Double tax Avoidance Agreements with the Recipient's Residence Country.
