Form 145 / 146 – Foreign Remittance Compliance

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Form 145 / 146 — Foreign Remittance Compliance

From 1 April 2026, foreign-remittance reporting for the new tax framework uses Form 145 and, where applicable, Form 146. Form 145 replaces the earlier Form 15CA, while Form 146 is the accountant certificate corresponding to the earlier Form 15CB.

What are Form 145 and Form 146?

• Form 145 is the information form for payments to a non-resident or foreign company.
• Form 146 is the accountant certificate used in specified taxable remittances.
• The forms apply to remittances made under the Income-tax Act, 2025 framework.
• For remittances made on or after 1 April 2026, the Income Tax Department requires the new forms under the Income-tax Rules, 2026.

Form 145 — four reporting routes

1. Part A: Taxable remittance where the remittance or aggregate during the tax year does not exceed ₹5 lakh.
2. Part B: Taxable remittance exceeding ₹5 lakh where the prescribed Assessing Officer certificate has been obtained.
3. Part C: Taxable remittance exceeding ₹5 lakh where the prescribed accountant certificate in Form 146 has been obtained.
4. Part D: Remittance that is not taxable under the Act, subject to the exclusions prescribed under Rule 220.

Our assistance

1. Review the remitter, recipient and nature of payment.
2. Determine whether the remittance is taxable and identify the relevant tax-year framework.
3. Review agreements, invoices, tax documents and supporting records.
4. Identify the applicable Form 145 Part.
5. Where required, coordinate the Chartered Accountant certification in Form 146.
6. Assist with filing and retain the acknowledgement and supporting records.

Important 2026 transition

For remittances made on or after 1 April 2026, Form 145 and Form 146 apply under the Income-tax Act, 2025 framework. Forms 15CA/15CB already submitted for remittances made before 31 March 2026 can remain valid subject to the applicable conditions and proposed remittance date.

Why professional review matters

The correct reporting route depends on the taxability of the remittance, amount, certificate available and the law applicable to the relevant transaction. Using the old Form 15CA/15CB process for a new 2026 remittance can result in incorrect compliance.