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Planning to send money abroad? Here’s what taxpayers should know about new income tax forms 145 and 146

Effective April 1, 2026, the Income Tax Department introduced Form 145 and Form 146 to track foreign remittances, completely replacing the older Form 15CA and Form 15CB framework. If you are sending money outside India to a non-resident individual or a foreign company, your bank will mandate these filings before clearing the international money transfer.

Here are the 5 key points you need to know about navigating this updated compliance process:

1. The Core Purpose: Direct Successors to 15CA & 15CB

Form 145 (The Old Form 15CA): This is a self-declaration filed by you (the remitter) detailing the nature of the foreign transfer, recipient information, and Tax Deducted at Source (TDS) eligibility.
Form 146 (The Old Form 15CB): This is a professional tax determination certificate issued exclusively by a Chartered Accountant (CA). It certifies that Double Taxation Avoidance Agreement (DTAA) provisions and correct domestic TDS rates have been verified.

2. The Critical Threshold is ₹5 Lakhs

For any cumulative foreign remittance exceeding ₹5,00,000 within a single financial year, strict certification rules apply.
If your transaction is taxable and crosses this ₹5 Lakh boundary, you cannot file Form 145 independently. You must first obtain a certified Form 146 from a registered CA.

3. Understanding the 4 Parts of Form 145

Form 145 is divided into four distinct sections based on transaction value and tax liabilities:

Part A: Filled if the transfer is taxable but the total remittance amount does not exceed ₹5 Lakhs in the financial year.
Part B: Filled if the transfer exceeds ₹5 Lakhs, but you have already obtained an official lower/nil tax deduction certificate from an Assessing Officer (AO).
Part C: Filled if the transfer exceeds ₹5 Lakhs and relies on a CA’s verification via Form 146.
Part D: Reserved for foreign transfers that are completely exempt from tax under Indian laws.

4. Step-by-Step CA Assignment Process

If your transaction lands under Part C, you must formally link your CA on the tax network before they can upload Form 146:

Log into your account on the Income Tax Portal.
Navigate to Authorised Partners > My Chartered Accountants (CA) and click Add CA.
Provide your accountant’s active CA Membership Number.
In the assignment prompt, select “Forms as per the Income Tax Act, 2025”, pick Form 146, and click submit.
Your CA can then use their Digital Signature Certificate (DSC) to submit Form 146, which automatically pre-fills your Form 145 Part C.

5. Strict “Before-the-Fact” Timeline

These forms are strictly event-based compliance tools.
There is no retrospective filing or post-transfer grace period. The entire portal workflow—including your CA’s digital signature validation—must be fully processed before the bank initiates the money wire.

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