The Income Tax Department of India has introduced a new framework for tax remittances. If you are sending money abroad to an NRI, or the NRI is remitting funds abroad, the compliance process has changed just a bit.

The forms – Forms 15CA and 15CB – that were in use until March 31, 2026, have been replaced by Forms 145 and 146, under the Income-tax Rules, 2026.

However, while remitting funds, you will still have to furnish details about the remittance, and get a CA certificate when the amount crosses a prescribed threshold. Ensuring TDS compliance is mandatory.

Form No. 145 is a declaration by the remitter or the person making a payment to an NRI for furnishing information regarding the nature of the remittance and applicable TDS.

Form 146 is a certificate from a Chartered Accountant certifying the nature of remittance, the applicable DTAA provisions, and the TDS rate. Form 146 is needed when you make a taxable payment of more than Rs. 5 lakh in a year to a person who lives outside India or to a foreign company.

You can file Form 146 either online or offline. There is no fixed deadline for submission of the same.

Under the new framework, for remittances made on or after April 1, 2026, the provisions of the Income Tax Act, 2025 will apply, and the prescribed forms – Form No. 145 and 146 – will have to be used. – editor@nrifocus.com