Expert CA-certified documentation for smooth and compliant foreign remittances.
Certification Work for Form 15CA & 15CB is a very high-value compliance service for CA firms because it is mandatory for foreign remittances.
Why It Matters
Whenever an Indian entity makes a foreign remittance (payment outside India), compliance with the Income Tax Act, 1961 and FEMA regulations is mandatory. Banks require:
- Form 15CA - Declaration of remittance by the remitter
- Form 15CB - Certification by a Chartered Accountant confirming tax compliance
This ensures that the remittance is:
- Made at the correct withholding tax rate
- Compliant with DTAA (Double Taxation Avoidance Agreement) provisions
- Reported properly to the Income Tax Department & RBI
Non-compliance may result in:
- Rejection of remittance by banks
- Penalties & prosecution under IT laws
- Delays in global transactions affecting credibility
Our Services
Form 15CA Preparation & Filing
- Assistance in preparing remittance declaration
- Ensuring accurate reporting of remittance purpose codes
- Online filing on the Income Tax Portal
Form 15CB Certification (by Chartered Accountant)
- Verification of remittance nature, applicable DTAA, and TDS provisions
- Certification of taxability under Indian laws
- Review of supporting agreements, invoices & documents
Advisory on Foreign Remittances
- Guidance on applicable TDS rates & exemptions
- DTAA application to avoid double taxation
- FEMA advisory for compliance with RBI rules
Bank Coordination
- Support in submission of certified forms to authorized dealers (banks)
- Resolving queries raised by banks during processing
Representation & Query Handling
- Handling Income Tax Department notices related to foreign remittances
- Advisory on complex remittance transactions (royalties, services, dividends, etc.)
Why Choose FinnovateAI?
- CA-Led Certification - Authentic certification from qualified Chartered Accountants
- Accuracy & Compliance - End-to-end verification to avoid legal risks
- Global Remittance Expertise - Experience across multiple types of foreign payments
- Fast Turnaround - Quick certification to avoid remittance delays
- Risk-Free Transactions - Ensuring full compliance with Income Tax & FEMA
Our Process
- Document Review - Agreements, invoices, nature of payment
- Taxability & DTAA Check - Apply correct provisions for TDS/exemption
- Form 15CB Certification - CA issues certification with tax opinion
- Form 15CA Filing - File declaration online with IT Department
- Bank Submission - Provide certified forms to your authorized dealer
Who Needs It?
- Companies making foreign payments for imports, royalties, services, dividends
- Indian subsidiaries of foreign companies remitting to parent entities
- Startups & MSMEs engaging with overseas vendors or consultants
- Exporters/Importers making cross-border settlements