Foreign Remittance: Mastering Form 145 & 146
Published: April 2026
The **Income Tax Act, 2025** has modernized the foreign remittance workflow. The legacy Form 15CA and 15CB have been superseded by a more integrated digital process involving Form 145 and Form 146.
The New Compliance Hierarchy:
- Form 145 (Part A/B/C/D): The mandatory declaration by the remitter. Part C is used for remittances exceeding ₹5 Lakhs where tax is applicable.
- Form 146: The Accountant’s Certificate (formerly 15CB). A Chartered Accountant must now file Form 146 first. The resulting Acknowledgment Number is a mandatory prerequisite to unlock Part C of Form 145.
Why This Matters for NRIs & Corporates:
The new Act links these forms directly to your banking (AD Bank) interface. Incorrect filing or missing the 146-to-145 linkage can lead to blocked remittances or penalties under Section 463 for inaccurate certification.