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From 1 April 2026, the Income Tax Act, 2025 came into force and replaced the earlier-prevalent Income Tax Act, 1961. With the enforcement of the new Act, Form 145 replaced the earlier Form 15CA to simplify foreign remittance compliance for taxpayers.
This form is filed by individuals or companies before making foreign remittances (payments) from India to a non-resident or a foreign company. In this blog post, we shall discuss Form 145 in a detailed manner.
Currently, Form 145 is one of the most discussed forms in the tax world. Many people are clueless about what this form is. To end the curiosity of our readers, we’ll explain what this form is all about. So, basically, Form 145 is a mandatory declaration that must be filed online before remitting money outside India to a non-resident or a foreign company. It is a new form that replaced the previous Form 15CA on 1 April 2026.
Form 145 is filed online via the Income Tax e-Filing portal before the remittance is made. The reason it must be filed is to inform the Income Tax Department about foreign remittances and to determine tax liability.
To View and Download Form 145 PDF, Click on the button.
| Download form 145 |
Form 145 consists of a total of 4 sections: Part A, Part B, Part C and Part D. They are described below:-
This part of the form needs to be filled if the remittance is taxable under the Act and remittance or the aggregate of such remittances is not more than Rs. 5,00,000 during the tax year.
Part B needs to be completed in case the remittance is taxable under the Act and the remittance or the aggregate of such remittance is more than Rs. 5,00,000 during the tax year and certificate u/s 395 (1) / 395(2) of the Act has been obtained from the Assessing Officer.
This section is to be filled out if the remittance is taxable under the Act and the remittance or the total of such remittances exceeds Rs. 5,00,000 during the tax year and a certificate in Form No. 146 from an accountant as defined u/s 515(3)(b) of the Act has been obtained.
Part D of the form must be completed in case the remittance is not taxable under the Act other than payments referred to in Rule 220(3) by the person mentioned in Rule 220(2).
The advantages and benefits of 145 Form are as follows:-
By filing this form, the remitter ensures compliance with the provisions of Income Tax Act, 2025.
The form allows the Income Tax Department to track taxable overseas payments.
Additionally, it helps prevent money laundering by ensuring foreign remittances get reported properly.
The Form-145 is quite necessary to determine the tax liability on payments made to non-residents.
Filing Form-145 is mandatory for individuals and companies remitting money outside India to non-residents and/or foreign entities, as the case may be. Introduced under the Income Tax Act, 2025 and Income Tax Rules, 2026, Form-145 replaces the earlier Form-15CA as part of restructuring and renumbering of tax forms. The form aims to improve reporting accuracy as well as ensure alignment with the new tax framework in the country.
For assistance with TDS return filing, get in touch with our TDS consultants at Registrationwala.
Q1. Which form did Form-145 replace for foreign remittances?
A. Form-145 replaced Form-15CA for foreign remittances.
Q2. What is the purpose of filing Form-145?
A. The purpose of filing Form-145 is to inform the Income Tax Department about the foreign remittances and ensure compliance with tax provisions. Because of this form, the Department can track taxable overseas payments more easily.
Q3. When was Form-145 introduced in the Indian tax system?
A. Form-145 introduced in the Indian tax system on 1 April 2026 under the Income Tax Act, 2025 and Income Tax Rules, 2026.
Q4. Who needs to file Form-145?
A. An individual or entity needs to file this form before making foreign remittances to non-residents or foreign companies where the payment is taxable in India.
Q5. What is the due date for Form-145 filing?
A. There is no prescribed due date for filing this form. However, it must be filed prior to making the foreign remittance to a non-resident or foreign entity.
Q6. How can I e-verify Form-145?
A. You can e-verify Form-145 by using the Digital Signature Certificate (DSC) or Electronic Verification Code (EVC). For the TAN users, DSC is mandatory.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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