A person making a remittance (a payment) to a Non-Resident or a Foreign Company has to submit Form 15CA. This form is submitted online. In some cases, a certificate from a Chartered Accountant in Form 15CB is required before uploading Form 15CA online.
In Form 15CB, a CA certifies details of the payment, TDS rate and TDS deduction as per section 195 of the Income Tax Act, if any DTAA (Double Tax Avoidance Agreement) is applicable, and other details of nature & purpose of the remittance.
Banks require these certificates before they make any remittance on your behalf to a non-resident.
As a service provider and a team of experts, we assist clients in completing and filing these forms with the government in a compliant and timely manner.