Form 15CA
Online declaration filed with the Income Tax Department before making certain foreign remittances from India.
Filing window
Before remittance is initiated; mandatory for remittances exceeding INR 5 lakh
Regulator
Central Board of Direct Taxes (CBDT)
Regulator
Central Board of Direct Taxes (CBDT)
Deadline
Before remittance is initiated; mandatory for remittances exceeding INR 5 lakh
Penalty
Section 271-I: penalty of INR 1 lakh for non-furnishing or i...
Legal basis
Income Tax Act, 1961
What is Form 15CA?
Online declaration filed with the Income Tax Department before making certain foreign remittances from India.
- +Indian companies with foreign shareholders
- +Wholly Owned Subsidiaries of foreign parents
- +Foreign-owned GCCs operating in India
Statutory basis
Income Tax Act, 1961
Section 195 read with Rule 37BB
Enforced by
Central Board of Direct Taxes (CBDT), through e-filing portal
Citations are editorially curated. Always verify current applicability with qualified Indian counsel before acting on a specific matter.
The stake
Filing window for Form 15CA. Skipping or mishandling this compliance carries direct financial and operational consequences.
Why Form 15CA matters for your GCC
Form 15CA is a cross-border RBI requirement for foreign-owned Indian entities and GCCs. Missing the before remittance is initiated; mandatory for remittances exceeding inr 5 lakh obligation triggers section 271-i: penalty of inr 1 lakh for non-furnishing or incorrect furnishing of form 15ca, and downstream filings or transactions may be blocked until rectification. Most foreign parents discover Form 15CA issues only when a downstream transaction surfaces the prior gap, by which point rectification costs and operational delays have grown materially. Proactive handling avoids these cascading consequences.
The 4 ways Form 15CA goes wrong
Real scenarios from real GCC compliance audits. Each one preventable.
Trap 01
Treating Form 15CA as something the AD bank handles when the Indian company is the legal filer
Trap 02
Missing the filing window due to internal delays between finance, banking, and legal teams
Trap 03
Submitting with incorrect supporting documents such as FIRC, KYC, or board resolutions
Trap 04
Discovering the contravention only when attempting a downstream RBI transaction
Done for you
FEMA and RBI Compliance
IRPR Network handles Form 15CA as part of our FEMA and RBI Compliance service, with timely filings, supporting-document validation, citation tracking, and a zero-penalty compliance calendar.
Our workflow
- 01Identify the trigger event in your GCC operations
- 02Prepare and validate the Form 15CA filing or compliance step
- 03Submit to the regulator and obtain acknowledgement
- 04Track in your compliance calendar for ongoing or recurring obligations
Concepts connected to Form 15CA
These terms are filed together, depend on each other, or share regulatory authority.
FEMA and RBI
FEMA
The Indian law governing all cross-border foreign exchange transactions, replacing FERA in 1999.
FEMA and RBI
Form 15CB
Chartered Accountant certificate certifying TDS deduction details on payments to non-residents.
Income Tax and TDS
Section 195
Income Tax provision requiring TDS deduction on any sum chargeable to tax paid to a non-resident, including royalties, fees for technical services, and interest.
Asked about Form 15CA
5 specific questions that GCC operators ask most often, answered with citations to the relevant regulations.
Need help with Form 15CA?
IRPR Network manages Form 15CA as part of FEMA and RBI Compliance, with a zero-penalty guarantee.
Explore the serviceQ01What is Form 15CA and who does it apply to?
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Online declaration filed with the Income Tax Department before making certain foreign remittances from India. For foreign-owned GCCs, Form 15CA applies to indian companies with foreign shareholders. IRPR Network handles Form 15CA as part of our FEMA and RBI Compliance service.
Q02When is Form 15CA due?
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Form 15CA is due before remittance is initiated; mandatory for remittances exceeding inr 5 lakh. Late filing triggers section 271-i: penalty of inr 1 lakh for non-furnishing or incorrect furnishing of form 15ca.
Q03What law governs Form 15CA?
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Form 15CA is governed by Income Tax Act, 1961, specifically Section 195 read with Rule 37BB. The compliance is enforced by Central Board of Direct Taxes (CBDT), through e-filing portal.
Q04What is the penalty for non-compliance with Form 15CA?
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Non-compliance attracts: Section 271-I: penalty of INR 1 lakh for non-furnishing or incorrect furnishing of Form 15CA IRPR Network's compliance retainer is designed to prevent these exposures through proactive filing, citation tracking, and a defined compliance calendar.
Q05Who handles Form 15CA for foreign-owned GCCs in India?
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IRPR Network handles Form 15CA end-to-end as part of our FEMA and RBI Compliance service. Our team prepares filings, coordinates with regulators, validates supporting documents, and tracks all related deadlines on a defined compliance calendar.
Handle Form 15CA the right way, the first time.
Book a 30-minute consultation. We will map your Form 15CA obligations alongside every other India compliance for your GCC, on one calendar, one retainer.
Book a consultation