ICAI Notifies CAs for Withdrawing Facility of 15CB form on Portal

The Institute of Chartered Accountants of India (ICAI), told the Chartered Accountants, that on the e-filing portal the functionality of withdrawing Form 15CB is open.

“A large extent of pendency for the updation of 15 CB 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 withdrawal facility has now been enabled on the e-filing portal, facilitating the CAs to withdraw the 15CB forms by recording appropriate reasons, therein. The CAs have to thus withdraw the form 15CB within 7 days of its filing,” the ICAI articulated.

What is the 15CB Form?

A Chartered Accountant can verify and certify Form 15CB liability by issuing a Certificate in Form no. 15CB. The certificate is prescribed under Section 195(6) of the Income-tax Act and is an alternative way to obtain Tax clearance besides the Certificate of the Assessing Officer.

A CA is enabled to withdraw Form 15CB where 15CA Part-C would not be furnished for the respective 15CB. The filing incurred post to 1st April 2021 till 29th July 2022 Form could be withdrawn at any duration.

Filing incurred dated 30th July 2022 onwards within seven days midnight 23:59:59 hours from the date of successful submission of Form 15CB.

Process of Withdrawing Facility 15CB Form

On tapping the withdraw button a popup screen appears that contains the below dropdowns shown for the reason for withdrawal which is needed to be chosen by Chartered Accountants.

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

After the Form gets withdrawn, e-mail and SMS would be sent to the assessee and CA, and the status of Form 15CB is revised as “Withdrawn”.