Foreign Remittance Compliance

Expert (Form 145/146 - earlier 15CA/CB) Certification for Global Remittances

Navigate Section 393 (earlier 195) compliance with ease. Our specialized CA certification services ensure your international wire transfers are tax-efficient and fully compliant with the Income Tax Act.

Understanding Form 145/146 - earlier 15CA/CB Compliance

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Form 145 (earlier 15CA) Remitter Undertaking

An online declaration required from the remitter before making any foreign remittance. It acts as an undertaking that the taxes have been deducted or will be deducted as per the Income Tax Act.

task_alt Required for all payments exceeding ₹5 Lakhs.
task_alt Submitted through the Income Tax e-filing portal.

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Form 146 (earlier 15CB) CA Certification

A certificate issued by a Chartered Accountant verifying that the tax rate and DTAA benefits applied to the remittance are correct. This form is mandatory for specific types of foreign payments.

task_alt Validates the nature of payment and taxability.
task_alt Requires expert knowledge of International Tax Treaties.

Why is this certification mandatory?

As per Section 393(earlier 195) of the Income Tax Act, any person responsible for paying to a non-resident or a foreign company must deduct income tax at the source (TDS).

To ensure the correct tax is being paid, the government mandates the filing of Form 145 and 146 (earlier 15CA and 15CB). Failure to comply can lead to heavy penalties and legal hurdles with authorized dealer banks.

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Legal Compliance

DTAA

Benefit Optimization

Common Remittance Types Covered

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Royalty Payments

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Technical Services Fees

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Dividend Payouts

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Travel & Subsistence

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Import of Goods

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Educational Expenses

Our Seamless 5-Step Process

From data collection to final remittance facilitation, we handle every nuance of your compliance journey.

Data Collection

Invoices, agreements & remitter details gathering.

Taxability Assessment

Reviewing DTAA benefits & withholding rates.

CA Certification

Issuance of UDIN-authenticated Form 146 (earlier 15CB).

Online Submission

Electronic filing of Form 145 (earlier 15CA) on IT Portal.

Remittance Facilitation

Assisting bank procedures for wire transfer.

Documents Checklist

Essential requirements for quick certification

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Form A2

Authorized Dealer application form

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Invoice / Agreement

Basis of the payment nature

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Beneficiary Details

PAN, Country, Bank Details of Receiver

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TRC (Tax Residency Certificate)

Mandatory if DTAA benefits are applied

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Note: Additional documents like Form 41 (earlier 10F) may be required depending on the nature of the transaction and DTAA treaty specificities.

Frequently Asked Questions

Clear answers to common compliance queries

How does DTAA benefit my foreign remittance? expand_more

Double Taxation Avoidance Agreement (DTAA) helps remitter to either pay a lower tax rate or get an exemption in India if tax is already paid in the destination country. This prevents the same income from being taxed twice.

What is the penalty for non-compliance with 145 and 146 (earlier 15CA/15CB)? expand_more

Failure to furnish information or providing inaccurate information attracts a penalty of ₹1,00,000 under Section 462 (earlier 271I) of the Income Tax Act. In addition, the bank may block the remittance until compliance is met.

Is Form 146 (earlier 15CB) required for all remittances? expand_more

No, Form 146 (earlier 15CB) is required only for payments that are taxable and exceed ₹5,00,000 in a financial year. Certain types of payments are exempt from 146 (earlier 15CB) as per Rule 220 (earlier 37BB).

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