All about form 15cc – prerequisites, usage, purpose, and submission
Overview of form 15CC
In this post, we’ll talk about Form 15cc, including its Prerequisites for availing this service, its purpose and how to access and submit the form. We will take a close look at each section in detail:
Form overview
According to section 195 of the Income Tax Act of 1961, read with Rule 37BB of the Income Tax Rules of 1962, every authorised dealer making a payment to a non-resident who is not a company or to a foreign company is required to provide a statement of such payments Form 15CC.
Within fifteen days of the end of the financial quarter to which such a statement relates, it must be submitted electronically to the competent authority of the Income Tax Department.
Prerequisites for availing of this service
User | Prerequisites |
Entity for Reporting |
|
Authorised Individuals |
Activated ITDREIN account request to submit Form 15CC |
Who can use Form 15cc?
Those who have been granted authorization by a reporting entity after the ITDREIN number is generated are supposed to use Form 15cc.
Purpose of Form 15cc
An Authorized Dealer must submit a quarterly statement in Form 15CC regarding each quarter’s remittances under Rule 37BB.
Before submitting, the reporting entity must create ITDREIN on the e-Filing portal (a Unique ID issued by the Income Tax Department to submit Form 15CC and Form V).
As soon as the successful generation of the ITDREIN number, the reporting entity must add an authorised person to file Form 15cc for the generated ITDREIN number.
Form at a Glance
There are three sections to the Form:
- Authorized Dealer Details
- Remittance Details
- Verification
A, Authorised Dealer Details
The information about the authorized dealer is in the first section.
B, Remittance Details
This section contains the details of remittances made to a non-resident who is not a
company or a foreign company. Also, in this section, you can include information about the sender, the recipient, and the location where the remittance has been made.
When uploading the information for numerous remittances, you can use a template and a.csv file (available on the same page). To download a blank template, click Download CSV template.
Click Attach CSV file to upload the details after updating the CSV file.
C, Verification
And, the last section includes a self-declaration form for Form 15CC.
Form 15CC format
How to Access and Submit form 15cc?
You can complete and submit it by using the following procedures:
- Online Mode – via the e-Filing portal
The following are the steps to follow while filling out the form online.
A, Form 15CC submission (Online Mode)
1st Step: Use ITDREIN, your user ID (PAN), and your password to log in to the e-Filing portal.
Step 2: Click e-File > Income tax forms > File income tax forms from your Dashboard.
Step 3: Opt File Form 15CC from the Income Tax Forms to the File page. Alternatively, you can look for the form by typing it into the search bar.
Step 4: Choose the Filing Type, Financial Year (F.Y.), and Quarter on the Form 15CC page. Select “Continue”
Step 5: select ‘’Let’s Get Started” on the Instructions page.
Step 6: The Form is shown after clicking Let’s Get Started. Complete the necessary information, then click Preview.
Step 7: Check the information on the Preview page, then press the Proceed To E-Verify button.
Step 8: To submit, select Yes..
Final Step: When you choose Yes, a page for e-Verify will open, allowing you to confirm your identity using a Digital Signature Certificate.
A success message is displayed along with a Transaction ID and Acknowledgement Receipt Number following the successful e-Verification.
For future use, kindly note the Transaction ID and Acknowledgement Receipt Number.
Also, On the email ID(s) and mobile number(s) registered with the e-Filing portal, you (and the reporting entity) will also receive a confirmation message.
This post on Form155cc has come to an end. Share your views and opinions with us in the comment section below.
Frequently Asked questions
Only online submission of the form is possible. In order to file the Form online, post login to the e-Filing portal, select the Form and prepare and submit the form.
Yes. Authorized person added by the reporting entity will have to use the ITDREIN to log in to the e-Filing portal and file form 15CC.
It is necessary to provide to the competent authority of the Income Tax Department electronically within fifteen days from the end of the quarter of the financial year to which such payment relates.
You will receive a confirmation on your email ID and mobile number registered with the e-Filing portal. Additionally, you can also view the status in your Worklist under For your Actions tab.
Yes, it is necessary to e-Verify Form 15CC. You will have to e-Verify using Digital Signature Certificate.
