When transferring funds internationally—especially from India to another country—adherence to regulatory compliance is crucial. A Certificate for Repatriation of Funds, along with mandatory filings like Form 15CA and 15CB, ensures that the transaction is legitimate, properly documented, and meets the requirements set by the Reserve Bank of India (RBI) and the Income Tax Department.
This certificate validates the source, purpose, and legality of funds being transferred abroad. It is often requested by:
⇒ Banks and financial institutions
⇒ Tax authorities
⇒ Chartered Accountants
⇒ Regulatory bodies like RBI
It acts as proof that the transfer meets foreign exchange regulations (FEMA) and tax obligations.
Form 15CA
This is a declaration of remittance submitted electronically on the Income Tax Department’s portal. It ensures that tax has been deducted (if applicable) on the amount being remitted.
⇒ Required for most foreign remittances
⇒ Submitted by the remitter (payer)
⇒ Acts as a tool to monitor foreign exchange outflows
Form 15CB
This is a certificate issued by a Chartered Accountant (CA). It certifies that:
⇒ The applicable tax has been paid or appropriately exempted
⇒ The transaction is in accordance with Indian tax laws
Form 15CB is required when the remittance exceeds a specified threshold and is not covered under exemptions.
When Do You Need These?
You’ll typically need a Certificate for Repatriation of Funds along with 15CA/15CB for:
⇒ Transferring sale proceeds of property owned by NRIs
⇒ Repatriating profits or dividends by foreign entities
⇒ Sending funds abroad for business expenses or personal reasons
⇒ Closure of overseas investments or accounts
Our Services Include:
⇒ Preparation and e-filing of Form 15CA
⇒ Issuance of Form 15CB by our qualified Chartered Accountants
⇒ Drafting and issuing the Certificate for Repatriation of Funds
⇒ End-to-end coordination with banks and the Income Tax Department
⇒ Compliance with FEMA, RBI, and tax regulations