Fact-check notes
Last fact-checked: 2026-06-04
AY 2026-27 return filing for FY 2025-26 is governed by the Income-tax Act, 1961. The Income-tax Act, 2025 applies from Tax Year 2026-27 onward, so new-section references must be checked against the live portal before filing.
This page is preparation guidance for scoping work on WorkIndex. Ask the expert to verify active law, portal forms, notifications and your documents before filing or signing anything.
What this covers
How to File Form 15CA 15CB starts with verifying eligibility, collecting documents and checking portal status before submission.
- Form 15CA/15CB is used for specified foreign remittance tax declarations and CA certification.
- Payment nature, DTAA, TRC, Form 10F and withholding rate need review.
- Bank purpose code and tax note should match.
- Do not submit without contract/invoice review.
Who this is for
- Person doing initial research.
- Business owner preparing documents.
- Taxpayer with portal mismatch or notice.
- Founder deciding whether to hire expert help.
Documents and details to prepare
- Identity/entity details.
- Portal login/status and prior filings.
- Supporting documents and payment records.
- Deadline and desired output.
Common mistakes to avoid
- Starting without eligibility check.
- Using wrong form or year.
- Not saving acknowledgement.
- Ignoring expert review for high-risk facts.
How to brief the expert
- Mention the city, entity type, transaction value, deadline and current portal status.
- Upload or list the records available so the expert can quote accurately.
- Ask for scope, deliverables, timeline, assumptions and government fee exclusions in writing.
- Keep acknowledgements, challans, filings, certificates and advice notes after completion.
FAQs
Can WorkIndex help with this?
Yes. Post your requirement and compare relevant experts by scope, quote, timeline and supporting documents needed.
Is this page legal or tax advice?
No. It is a preparation guide. Your expert should verify current law, portal forms, notifications and your documents before filing or signing.
What should I include in my post?
Include the city, year or period, entity type, deadline, notices if any, documents available and whether you need filing, review, drafting or ongoing support.
Frequently Asked Questions
1. How do DTAA provisions and NRI tax compliance apply to income from How to File Form 15CA 15CB?
Under Double Taxation Avoidance Agreements (DTAA), NRIs can claim lower withholding tax (TDS) rates on income from How to File Form 15CA 15CB by submitting a Tax Residency Certificate (TRC) and Form 10F online.
2. What are the reporting requirements for residents holding foreign assets related to How to File Form 15CA 15CB?
Resident taxpayers holding foreign shares, bank accounts, or investments related to How to File Form 15CA 15CB must disclose them in Schedule FA (Foreign Assets) of their ITR to avoid heavy Black Money Act penalties.
3. What is the Double Taxation Avoidance Agreement (DTAA)?
DTAA is a bilateral treaty signed between India and a foreign country to prevent double taxation of the same income in both countries by capping withholding tax rates or providing tax credits.
4. What documents are mandatory to claim DTAA treaty benefits?
Taxpayers must submit: (1) A Tax Residency Certificate (TRC) issued by the tax authority of their country of residence. (2) Form 10F filled out online. (3) A valid Indian PAN.
5. Is interest earned on NRE and NRO accounts taxable?
Interest earned on NRE (Non-Resident External) and FCNB accounts is fully tax-free in India. Interest earned on NRO (Non-Resident Ordinary) accounts is taxable at your slab rate, and subject to 30% TDS.
6. How does Form 10F work, and how is it filed?
Form 10F is a self-declaration filed by non-residents containing details like nationality, tax identification number, and address. It must be filed online on the Income Tax e-filing portal using a digital signature or net banking verification.
7. What is the TDS rate on payments made to NRIs?
TDS on payments to NRIs is governed by Section 195. It is deducted at the maximum rate applicable to the type of income (e.g. 30% on rent/NRO interest, 12.5% on long-term capital gains, 20% on dividends), subject to lower rates under DTAA.
8. Can an NRI claim the Section 87A tax rebate?
No. The Section 87A rebate (which makes tax zero up to ₹12 lakh under the New Regime) is only available to resident individuals. NRIs do not qualify for this rebate and must pay tax on taxable income exceeding basic limits.
9. Which ITR form should an NRI file for FY 2025-26?
NRIs must file ITR-2 (for capital gains, salary, or property income) or ITR-3 (if they have business/professional income). NRIs cannot file ITR-1 (Sahaj).
10. Do NRIs need to declare foreign bank accounts in their Indian ITR?
No. NRIs do not need to report foreign bank accounts, foreign stocks, or assets in Schedule FA. Only resident taxpayers are mandatory to report foreign assets.
11. What is Schedule FA and who must file it?
Schedule FA (Foreign Assets) is a mandatory schedule in ITR-2/ITR-3 for resident taxpayers. It requires reporting details of all foreign assets (shares, mutual funds, bank accounts, property) held at any time during the calendar year.
12. What is the penalty for failing to file Schedule FA?
Under the Black Money Act, resident taxpayers who fail to disclose foreign assets in Schedule FA or underreport value face a flat penalty of ₹10 lakh per year, plus interest and potential prosecution.
13. How do I claim Foreign Tax Credit (FTC) in India?
To claim credit for taxes paid in a foreign country on double-taxed income, you must file Form 67 online on the e-filing portal along with proof of tax payment/withholding before filing your ITR.
14. Are capital gains on Indian mutual funds taxable for NRIs?
Yes, capital gains are taxable for NRIs. Equity LTCG is taxed at 12.5% (>12 months), STCG at 20%. Debt mutual fund gains are taxed at slab rates. The fund house will deduct TDS on redemptions.
15. Can an NRI buy agricultural land in India?
Under FEMA regulations, an NRI or OCI cannot purchase agricultural land, plantation property, or farmhouse in India. They can, however, inherit such properties or buy commercial/residential properties.