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15CB Form Withdrawal Functionality

Dated 10th September 2022, The Institute of Chartered Accountants of India (ICAI) has come up with the Latest Update which is regarding the “Withdrawal functionality of 15CB forms at e-filing portal”. Here is the update:-

UDIN Directorate
The Institute of Chartered Accountants of India
10th September 2022

Withdrawal functionality of 15CB forms at the e-filing portal

A large extent of pendency for the updation of 15CB forms at the e-filing portal may be attributed to the non-availability of any options for their withdrawal from the portal. However, such a facility has now been enabled on the e-filing portal, allowing the CAs to withdraw the 15CB forms by recording appropriate reasons therein. The CAs have to then withdraw the form 15CB within 7 days of its filing.

Member may like to refer the user manual for withdrawal of 15 CB form:

UDIN Directorate

About Form 15CB withdraw functionality

The Chartered Accountant is allowed to withdraw Form 15CB where 15CA Part-C has not been filed for corresponding 15CB-

  • Filing of form 15CB done after 1st April 2021 till 29th July 2022 : at any point of time, withdrawal can be made.
  • Filing of form 15CB made on 30th July onwards: within 7 days 23:59:59 hours from the date of successful submission of Form 15CB.

After the button is clicked of Withdraw, from the subheadings given, the reason for withdrawing is necessary to be selected by CA

  • Change in field of Form 15CB
  • Cancellation of remittance
  • Others

In case you selected the option “Others”, a text box will be given where you can enter description upto 200 characters.

CA will then confirm “This is to confirm you that you are agreeing to withdraw your Form 15CB. Upon withdrawal, selected Form 15CB will no longer be valid” to withdraw form.

Once the withdrawal is made, an email and SMS will be sent to the taxpayer and CA and status of Form 15CB will be updated with “Withdrawn”

 

Process of Withdrawing Form 15CB

Step 1 : Go to login option given on the Income Tax Portal and fill the appropriate details required.

Step 2 : Go to e-File option given. From there select the option named as “Income Tax Forms”. And then view filed forms.

Step 3 : Click on “View All” option given under FORM 15CB

Step 4 : Select the Withdrawal button to withdraw selected form 15CB

Step 5 : Select Reason for withdrawal and confirm withdrawal to proceed. In case of Reason of withdrawal is selected as “Others”, comments to be provided in the description box.

Step 6 : Status as “Withdrawn” along with Reason of withdrawal is displayed under view filed forms after with withdrawing Form 15CB

Step 7 : Form PDF and ARN will be downloaded with the “Withdrawn” watermark.

 

Points to Keep In Mind

  • Form 15CB is a form that can only be withdrawn by a Chartered Accountant
  • Withdrawn Form 15CB will not be displayed to update DIN under e-File >Income Tax Forms > View/Update UDIN Details
  • Withdrawal of Form 15CB is possible within 7 days from the time of submission. Once Form 15CA-Part C is withdrawn, corresponding Form 15CB will also get withdrawn.
  • Once Form 15CA-Part C is filed, Form 15CB cannot be withdrawn
  • If UDIN is updated before withdrawing the form, UDIN status will be updated as “UDIN Unconsumed”

Form 15CB

Form No. 15CB under the Income Tax Department is a form that is necessary for payments made to Non-Resident, not being a Company, or to a Foreign Company which are taxable and if the payment exceeds Rs. 5 Lakh. It is a form certified by a professional and contains the details of the payment, TDS rate, TDS deduction, and other details of nature and remittance.

All in all, Form 15CB is considered as the Tax Determination Certificate in which the examination is done by a professional (Chartered Accountant) of the remittance with respect to the applicable provision.

Prerequisites of Form 15CB

  • CA must be registered on the e-Filing Portal as a Chartered Accountant
  • Active Status of Chartered Accountant
  • Valid Digital Signature Certificate
  • Taxpayers should have assigned Form 15CA Part C to the CA and a request must be pending for CA to either accept or reject

Contact EAdvisors regarding any query.

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