Form 145 India replaces Form 15CA for reporting foreign remittances from April 2026. It introduces a structured digital declaration system aligned with RBI Purpose Codes and FEMA compliance requirements. Depending on the transaction value and taxability, remitters must select the appropriate section under Form 145. Proper filing is essential to avoid delays, tax mismatches, and banking compliance issues during overseas transfers.
From April 1, 2026, Form 15CA is replaced by Form 145, changing how Indians send money abroad under new compliance rules. Here’s how Rs 5 lakh and Rs 10 lakh limits work, and what 20% TCS means for your overseas…
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