Form 15CB
Chartered Accountant certificate certifying TDS deduction details on payments to non-residents.
Filing window
Required before Form 15CA where remittance exceeds INR 5 lakh and is chargeable to tax
Regulator
Issued by Chartered Accountant; filed via e-filing portal
Regulator
Issued by Chartered Accountant; filed via e-filing portal
Deadline
Required before Form 15CA where remittance exceeds INR 5 lakh and is chargeable to tax
Penalty
Incorrect Form 15CB exposes the CA to professional misconduc...
Legal basis
Income Tax Act, 1961
What is Form 15CB?
Chartered Accountant certificate certifying TDS deduction details on payments to non-residents.
- +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
Issued by Chartered Accountant; filed via 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 15CB. Skipping or mishandling this compliance carries direct financial and operational consequences.
Why Form 15CB matters for your GCC
Form 15CB is a cross-border RBI requirement for foreign-owned Indian entities and GCCs. Missing the required before form 15ca where remittance exceeds inr 5 lakh and is chargeable to tax obligation triggers incorrect form 15cb exposes the ca to professional misconduct proceedings and the deductor to tds shortfall demand, and downstream filings or transactions may be blocked until rectification. Most foreign parents discover Form 15CB 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 15CB goes wrong
Real scenarios from real GCC compliance audits. Each one preventable.
Trap 01
Treating Form 15CB 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 15CB 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 15CB 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 15CB
These terms are filed together, depend on each other, or share regulatory authority.
FEMA and RBI
Form 15CA
Online declaration filed with the Income Tax Department before making certain foreign remittances from India.
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 15CB
5 specific questions that GCC operators ask most often, answered with citations to the relevant regulations.
Need help with Form 15CB?
IRPR Network manages Form 15CB as part of FEMA and RBI Compliance, with a zero-penalty guarantee.
Explore the serviceQ01What is Form 15CB and who does it apply to?
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Chartered Accountant certificate certifying TDS deduction details on payments to non-residents. For foreign-owned GCCs, Form 15CB applies to indian companies with foreign shareholders. IRPR Network handles Form 15CB as part of our FEMA and RBI Compliance service.
Q02When is Form 15CB due?
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Form 15CB is due required before form 15ca where remittance exceeds inr 5 lakh and is chargeable to tax. Late filing triggers incorrect form 15cb exposes the ca to professional misconduct proceedings and the deductor to tds shortfall demand.
Q03What law governs Form 15CB?
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Form 15CB is governed by Income Tax Act, 1961, specifically Section 195 read with Rule 37BB. The compliance is enforced by Issued by Chartered Accountant; filed via e-filing portal.
Q04What is the penalty for non-compliance with Form 15CB?
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Non-compliance attracts: Incorrect Form 15CB exposes the CA to professional misconduct proceedings and the deductor to TDS shortfall demand IRPR Network's compliance retainer is designed to prevent these exposures through proactive filing, citation tracking, and a defined compliance calendar.
Q05Who handles Form 15CB for foreign-owned GCCs in India?
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IRPR Network handles Form 15CB 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 15CB the right way, the first time.
Book a 30-minute consultation. We will map your Form 15CB obligations alongside every other India compliance for your GCC, on one calendar, one retainer.
Book a consultation