Expert CA-certified filing of Form 145 (new Form 15CA) and Form 146 (new Form 15CB) under the Income-tax Act 2025 for all outward remittances, LRS transfers, NRO-NRE repatriation, NRI property sale proceeds and DTAA-optimised withholding. UDIN-verified, FEMA compliant, 24-48 hour delivery.
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If you are an Indian resident, NRI, Indian company or partnership that needs to send money outside India — whether for imports, royalty, software payments, overseas education, medical treatment, investment, gift to relatives, NRO-NRE repatriation or NRI property sale proceeds — you must file the correct forms with the Income Tax Department before the remittance leaves the Authorised Dealer bank.
The new Income-tax Act 2025 (notified under Section 397(3)(d) and Rule 220 of Income Tax Rules 2026) has retained the substantive compliance philosophy of the old regime but renumbered the forms and sections. Our expert team at Wealth4India handles every aspect — from DTAA analysis to bank liaison — so your remittance clears smoothly, on time, and with zero penalty risk.
Remitter's declaration — 4 parts (A/B/C/D) based on taxability, amount & CA certificate availability
CA certificate with mandatory UDIN — required for taxable remittance exceeding ₹5 lakh/FY
USD 250,000 per FY for resident individuals — education, medical, travel, gift, investment
USD 1 million per FY for NRIs from NRO to NRE/foreign bank — after tax verification
Every form, section and rule for foreign remittance has been renumbered. Here is the complete concordance you will need to reference in all communications from 1 April 2026 onwards.
| Reference | Old (IT Act 1961) | New (IT Act 2025) | What It Governs |
|---|---|---|---|
| Remitter's Declaration | Form 15CA | Form 145 | Self-declaration by person making payment to non-resident — filed online on e-filing portal before remittance |
| CA Certificate | Form 15CB | Form 146 | Chartered Accountant's certificate on taxability, DTAA and TDS rate — UDIN now mandatory |
| Charging Section | Section 195(6) | Section 397(3)(d) | Empowers CBDT to prescribe information-reporting for payments to non-residents |
| TDS on Non-Resident | Section 195 | Section 393(2) | TDS obligation on every payment to non-resident or foreign company |
| Lower/Nil TDS Order | Section 195(2)/(3), 197 | Section 395(1)/(2) | Assessing Officer's certificate for lower or nil withholding |
| Prescribing Rule | Rule 37BB | Rule 220 | Lays down thresholds, formats, and the list of exempt payments (expanded from 28 to 33) |
| Definition of Accountant | Section 288 Explanation | Section 515(3)(b) | Who qualifies as a CA to issue Form 146 |
| Quarterly TDS Return (NR) | Form 27Q | Form 144 | Quarterly statement of TDS on non-resident payments |
| Lower TDS Application | Form 13 | Under Section 395 | Application to AO for lower/nil deduction certificate |
| Penalty for Default | Section 271I (₹1 lakh) | Corresponding penalty clause | Penalty for non-filing or inaccurate filing of Form 145 |
| Tax Year / Assessment Year | Previous Year + AY | Tax Year (single concept) | Tax Year 2026-27 = 1 Apr 2026 to 31 Mar 2027 |
From a simple LRS transfer for overseas education to a complex NRI property sale repatriation with DTAA optimisation, we handle every type of outward remittance from India with speed, precision and full regulatory cover.
Expert filing of Form 145 under Income-tax Act 2025, identifying the correct Part (A/B/C/D) for your transaction and ensuring acknowledgement within minutes.
Chartered Accountant's certificate with mandatory UDIN verification, DTAA analysis and precise TDS computation under Section 393 — accepted by all AD banks.
Complete handling of NRO account repatriation up to USD 1 million per FY, from Indian tax verification to bank submission.
End-to-end service for repatriating sale proceeds of property held in India — TDS coordination, capital gains computation, Section 54/54EC exemption planning.
Complete Liberalised Remittance Scheme planning for residents — education, medical, travel, investment and gifts to relatives abroad.
Advance planning for Tax Collected at Source under Section 394 — the ₹10 lakh threshold, purpose-wise rates, and ITR refund strategy.
India has DTAAs with 95+ countries. We apply the beneficial article to reduce withholding on royalty, interest, FTS and dividends — often from 20% down to 10% or even 5%.
Application to the Assessing Officer under Section 395 (old Section 197) for a certificate permitting lower or nil deduction — especially useful for NRI property sellers.
Direct coordination with your Authorised Dealer bank — HDFC, ICICI, SBI, Axis, Kotak, Standard Chartered, Citi — to ensure the remittance is processed without friction.
Form 145 has four parts, prescribed under Rule 220 of the Income Tax Rules 2026. Which part you file depends on whether the payment is taxable, the aggregate amount in the tax year, and whether a CA certificate (Form 146) or an AO order (Section 395) has been obtained.
Taxable, below ₹5 lakh threshold
Taxable, >₹5 lakh, AO order obtained
Taxable, >₹5 lakh, CA certificate
No income-tax liability in India
Calculate Tax Collected at Source instantly under the FY 2026-27 rules. Threshold is now ₹10 lakh per financial year (raised from ₹7 lakh). Different purposes carry different rates.
TCS is refundable / adjustable against your income tax liability while filing ITR. Need planning help? Call +91-9266242424
Answer 3 quick questions and we'll tell you exactly which part of Form 145 you need to file, whether Form 146 is required, and what documents to prepare.
Examples of taxable: royalty, FTS, software, interest, rent, capital gains, dividend, salary. Examples of non-taxable: reimbursement of out-of-pocket expenses, certain imports, personal gifts under LRS.
Count all payments made to this same payee during the current tax year (1 April to 31 March).
This is the lower/nil withholding certificate under Section 395(1) or 395(2) of Income-tax Act 2025 (old Section 195(2)/(3)/197).
From 1 April 2025 the TCS-free threshold was raised to ₹10 lakh per financial year and TCS on education loans was removed entirely. Budget 2026 has further rationalised rates. Below is the current chart.
| Purpose of Remittance | Up to ₹10 Lakh / FY | Above ₹10 Lakh / FY | Notes |
|---|---|---|---|
| Education — Loan funded | 0% | 0% | Fully exempt if loan taken from specified financial institution under Section 80E |
| Education — Self-funded | Nil | 5% | Tuition, living expenses, test fees, visa fees for studies abroad |
| Medical treatment | Nil | 5% | Hospital bills, consultation, travel of accompanying attendant |
| Overseas tour package (bundled) | 5% | 20% | Applies only to bundled tour packages; direct flight/hotel bookings do not attract TCS |
| Investment abroad (US stocks, MF, property) | Nil | 20% | Includes remittance for buying foreign equities, ETFs, real estate abroad |
| Gift / Maintenance of relatives | Nil | 20% | Gift to non-relative; maintenance of close relatives (spouse, parents, children) abroad |
| Emigration / Employment abroad | Nil | 20% | Applies if aggregate exceeds ₹10 lakh/FY |
Important: TCS is not a tax cost — it is a prepayment of tax. The amount collected by your bank reflects in Form 26AS / AIS and can be fully adjusted against your income tax liability or claimed as a refund while filing ITR. If your total tax liability is less than the TCS collected, the difference is refunded.
A streamlined 5-step process refined over thousands of foreign remittance cases, delivering complete documentation in 24-48 hours.
Share your remittance purpose, amount and counterparty details. We assess taxability, applicable DTAA and required documents — at no cost.
Upload invoice/agreement, PAN, passport, TRC, Form 10F, bank details. Our secure portal keeps everything encrypted.
CA computes exact TDS under Section 393 after DTAA optimisation, issues Form 146 with valid UDIN, uploads on portal.
Form 145 filed online before remittance. Acknowledgement number generated and shared with you for onward submission to bank.
A2 form prepared, purpose code assigned, all documents submitted to Authorised Dealer bank. We follow up till the wire credits abroad.
Rule 220 of Income Tax Rules 2026 (which replaces the old Rule 37BB) lists 33 categories of remittances where Form 145 and Form 146 are not required at all. The list has been expanded from the earlier 28 categories.
Including advance payments against genuine import transactions
Paid directly or through authorised dealers
Per diem, incidentals, business meeting costs
By residents under ₹10 lakh threshold not requiring RBI approval
Paid directly to university or institution
Direct payment to foreign hospital or clinic
Spouse, parents, children residing abroad
To non-relatives subject to LRS limit
To UN, World Bank, foreign embassies in India
Government-to-government transactions
Paid to foreign ports and airports for operating Indian vessels
Scientific, technical, educational periodicals
These are 12 of the 33 exempt categories. For the complete updated list and to verify if your transaction qualifies, speak to our expert.
Under the professional leadership of CA Alok Kumar (FCA, AICA, LLM, AML Specialist), Wealth4India has processed thousands of foreign remittance cases for Indian residents, NRIs, and Indian businesses — with zero regulatory adverse action.
Founded by CA Alok Kumar — FCA, AICA, LLM from NLU Delhi, AML Specialist — with 22+ years of international tax advisory experience.
Standard filings delivered in 2-3 working days. Express same-day service for urgent wire transfers where documentation is complete.
Every Form 146 carries a valid UDIN from ICAI, ensuring acceptance by the income tax portal and all authorised dealer banks.
Deep working knowledge of 95+ Indian tax treaties — we routinely reduce withholding on royalty and FTS from 20% to 10% or lower.
Trusted by individuals, SMEs, listed companies, startups and NRIs across 35+ countries with a 98% client retention rate.
Your financial information is handled on encrypted channels. We never share client data, and every engagement is bound by CA Act confidentiality.
Clear quotes upfront. No hidden charges. Professional fees quoted in writing before work begins — always "Onwards" format with scope detail.
One point of contact from quote to wire credit. WhatsApp, call and email support during business hours — every day of the week.
Everything you need to know about the new foreign remittance compliance framework under the Income-tax Act 2025.
Form 145 and Form 146 are the new forms prescribed under the Income-tax Act, 2025 (effective 1 April 2026) that replace Form 15CA and Form 15CB of the old Income-tax Act, 1961. Form 145 is the remitter's self-declaration for any payment to a non-resident or foreign company, and Form 146 is the Chartered Accountant's certificate required when the taxable remittance exceeds ₹5 lakh in a tax year. They are notified under Section 397(3)(d) of the Act and Rule 220 of the Income Tax Rules, 2026.
Form 145 must be filed by any person responsible for making a payment to a non-resident or foreign company, before the remittance is actually made. It applies to taxable payments such as royalty, fees for technical services, professional fees, interest, dividends, software payments, and NRO-NRE repatriations. It is not required for remittances made by an individual under LRS that do not need RBI approval, or for the 33 transactions specified under Rule 220 (which replaces the old Rule 37BB).
Form 145 is the remitter's self-declaration filed online on the income tax portal before sending money abroad. Form 146 is a Chartered Accountant's certificate certifying the taxability of the remittance, applicable DTAA provisions, and correct TDS under Section 393. Form 146 must carry a valid UDIN (Unique Document Identification Number) and is required only when the taxable remittance exceeds ₹5 lakh in a tax year and no AO certificate has been obtained under Section 395.
Under RBI's Liberalised Remittance Scheme (LRS), a resident individual can remit up to USD 250,000 (approx ₹2.1 crore) per financial year for permitted purposes including education, medical treatment, overseas travel, investment, gift to relatives, and maintenance of close relatives abroad. The USD 250,000 limit applies cumulatively across all authorised dealers and includes forex card loading and international debit card spends abroad.
With effect from 1 April 2025, TCS is applicable only on LRS remittances exceeding ₹10 lakh in a financial year (threshold raised from the earlier ₹7 lakh). The standard rate is 20% on the portion above ₹10 lakh for purposes like investment and gift. Education (self-funded) and medical treatment attract 5% above ₹10 lakh. Education funded by an education loan from a specified financial institution is fully exempt (0% TCS). Overseas tour packages attract 5% up to ₹10 lakh and 20% thereafter. TCS is fully refundable or adjustable while filing your ITR.
An NRI can repatriate up to USD 1 million per financial year from their NRO account to an NRE account or to an overseas bank account. This is the aggregate limit across all NRO accounts of the NRI. Repatriation requires Form 146 (CA certificate), Form 145 (declaration), A2 form, and supporting documents like PAN, passport, proof of source of funds, and proof that Indian taxes have been paid. Our NRI Taxation team handles the complete process.
Form 146 is mandatory when all three conditions are satisfied: (a) the remittance is chargeable to tax under the Income-tax Act 2025, (b) the aggregate remittance to the recipient exceeds ₹5 lakh in the tax year, and (c) no certificate for lower/nil deduction has been obtained from the Assessing Officer under Section 395(1) or Section 395(2). Form 146 must carry a valid UDIN to be accepted on the income tax portal.
Failure to file Form 145 or furnishing inaccurate information attracts a penalty of ₹1,00,000 under the new penalty provisions of the Income-tax Act 2025 (corresponding to Section 271I of the old Act). Authorised Dealer banks will not process foreign remittances without a valid Form 145 acknowledgement, so non-compliance also results in the transaction being blocked. Form 145 can be withdrawn within 7 days of submission if filed incorrectly.
Import payments are one of the 33 specified transactions under Rule 220 (previously Rule 37BB) that are exempt from Form 145/146 requirements, provided the remittance is routed through an Authorised Dealer bank and the RBI purpose code is correctly declared. However, banks may still ask for a simple declaration or Form 145 Part D for audit purposes, so it is advisable to consult a CA to avoid transaction delays.
Yes. India has Double Taxation Avoidance Agreements (DTAA) with over 95 countries. Where the DTAA rate is lower than the domestic Section 393 rate, the lower rate can be applied, provided you obtain: (i) a Tax Residency Certificate (TRC) from the recipient's country, (ii) Form 10F declaration (now filed electronically), and (iii) a No-PE declaration from the recipient. Your CA will analyse the applicable DTAA article while issuing Form 146 and certify the correct withholding rate.
Standard turnaround is 2-3 working days from receipt of complete documents. Express same-day filing is available for urgent transactions where all documentation is ready. Documents required include: invoice/agreement, PAN of remitter, PAN/TIN of remittee, TRC and Form 10F (if DTAA claimed), bank details, and the remittance purpose code.
Forms 15CA and 15CB filed before 31 March 2026 remain valid for remittances actually made within the validity period mentioned in the form. For any remittance made on or after 1 April 2026, the new Form 145 and Form 146 under the Income-tax Act 2025 must be used. Using the old form numbers for post-April-2026 remittances will result in system validation errors at the e-filing portal.
You will need: (a) A2 form of the authorised dealer bank, (b) Form 145 acknowledgement, (c) Form 146 (if Part C route), (d) Invoice or agreement with the foreign party, (e) Purpose code declaration as per RBI, (f) PAN card, passport, KYC, (g) TRC and Form 10F if DTAA is being claimed, (h) For NRIs: proof of source of funds and tax payment proof. We prepare all bank documentation as part of our service.
Talk to our foreign remittance experts for a free 15-minute consultation. We'll assess your transaction, tell you exactly which forms and parts apply, quote fees upfront, and deliver within 24-48 hours.