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Overseas Remittances

For the applicable 2025 Act/2026 Rules workflow, Rule 220 uses Form 145 for remitter information and Form 146 for the accountant's certificate. These correspond to the legacy Rule 37BB Forms 15CA and 15CB. The authorised dealer's quarterly statement is Form 147; the specified IFSC unit's statement is Form 148.

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Which remittance forms apply under the Income-tax Act, 2025?

For the applicable 2025 Act/2026 Rules workflow, Rule 220 uses Form 145 for remitter information and Form 146 for the accountant's certificate. These correspond to the legacy Rule 37BB Forms 15CA and 15CB. The authorised dealer's quarterly statement is Form 147; the specified IFSC unit's statement is Form 148. Select the regime by the relevant transaction and tax period, not merely by the old service-page name. Existing-year proceedings can still require the legacy references.

Step 1 — Is the payment chargeable to Indian tax?

Identify the recipient, residence, beneficial owner, nature of income, source rules and treaty eligibility. A foreign bank destination does not prove that a payment is taxable, and a payment below ₹5 lakh is not automatically tax-exempt. Record the chargeability analysis before choosing the form part.

Step 2 — If taxable, does the tax-year aggregate exceed ₹5 lakh?

If the payment or aggregate taxable payments during the tax year does not exceed ₹5 lakh, use Part A of Form 145. If it exceeds ₹5 lakh and the applicable Assessing Officer certificate/order under section 395(1) or (2) exists, use Part B. Otherwise obtain the accountant's Form 146 certificate and furnish Part C. Part C is not additionally required when Part B has been furnished. Under the legacy Rule 37BB workflow, the corresponding parts are in Form 15CA and the accountant's certificate is Form 15CB.

Step 3 — If not taxable, is an information-filing exemption available?

Use Part D unless an applicable exemption applies. Rule 220(3) covers qualifying individual remittances not requiring prior RBI approval under the specified current-account rules, the specified IFSC-unit remittances, and the listed purpose-code categories. The exemption is from this information filing, not a general exemption from FEMA, bank KYC or withholding analysis. Retain the supporting chargeability and purpose-code evidence.

Which payment categories appear in the specified exemption list?

The current Rule 220 list includes overseas equity/debt investment, overseas branches/subsidiaries/real estate and loans (S0001–S0005, S0011); import-related payments and intermediary trade (S0101–S0104, S0190); shipping/airline operating expenses and passage bookings (S0202, S0208, S0212); business, personal, pilgrimage, medical and education travel (S0301–S0305); postal services (S0401); overseas construction projects (S0501); freight insurance (S0602); overseas-office maintenance (S1011); embassy payments (S1201–S1202); the specified family-maintenance, gift, donation, government-grant and tax payments (S1301–S1306); export-related refunds/rebates (S1501); and international bidding payments (S1503). Match the exact description and facts to the official table. Do not apply a purpose code just because its label sounds similar.

How do TRC, Form 10F/Form 41 and DTAA checks fit together?

Obtain the Tax Residency Certificate for the relevant period and the prescribed additional residency information. The current portal identifies Form 41 as the successor to Form 10F, under section 159(8) and Rule 75; retain legacy Form 10F where the earlier regime applies. Review the treaty article, beneficial ownership, permanent-establishment position and anti-abuse conditions rather than assuming a TRC alone guarantees a reduced rate. Match the recipient's legal name, country, tax identification and period across the documents.

What is the filing and bank-submission sequence?

Collect the invoice/agreement, recipient KYC, TRC and additional treaty information, tax computation and bank purpose code. Where Part C is required, complete the accountant-certificate workflow before the remitter's form. Review the submitted form and acknowledgement, complete withholding and related compliance as applicable, and provide the required documents to the authorised dealer before remittance. Rule 220 permits the prescribed electronic submission or signed-printout route to the AD; portal and bank acceptance should be confirmed for the actual case.

Official current forms and rule

https://www.incometaxindia.gov.in/w/rule-220-1

https://www.incometax.gov.in/iec/foportal/newformpage/forms/form145

https://www.incometax.gov.in/iec/foportal/newformpage/forms/form41

Frequently Asked Questions

Which remittance forms apply under the Income-tax Act, 2025?
For the applicable 2025 Act/2026 Rules workflow, Rule 220 uses Form 145 for remitter information and Form 146 for the accountant's certificate. These correspond to the legacy Rule 37BB Forms 15CA and 15CB. The authorised dealer's quarterly statement is Form 147; the specified IFSC unit's statement is Form 148. Select the regime by the relevant transaction and tax period, not merely by the old service-page name. Existing-year proceedings can still require the legacy references.
Step 1 — Is the payment chargeable to Indian tax?
Identify the recipient, residence, beneficial owner, nature of income, source rules and treaty eligibility. A foreign bank destination does not prove that a payment is taxable, and a payment below ₹5 lakh is not automatically tax-exempt. Record the chargeability analysis before choosing the form part.
Step 2 — If taxable, does the tax-year aggregate exceed ₹5 lakh?
If the payment or aggregate taxable payments during the tax year does not exceed ₹5 lakh, use Part A of Form 145. If it exceeds ₹5 lakh and the applicable Assessing Officer certificate/order under section 395(1) or (2) exists, use Part B. Otherwise obtain the accountant's Form 146 certificate and furnish Part C. Part C is not additionally required when Part B has been furnished. Under the legacy Rule 37BB workflow, the corresponding parts are in Form 15CA and the accountant's certificate is Form 15CB.
Step 3 — If not taxable, is an information-filing exemption available?
Use Part D unless an applicable exemption applies. Rule 220(3) covers qualifying individual remittances not requiring prior RBI approval under the specified current-account rules, the specified IFSC-unit remittances, and the listed purpose-code categories. The exemption is from this information filing, not a general exemption from FEMA, bank KYC or withholding analysis. Retain the supporting chargeability and purpose-code evidence.
For this overseas remittance, which declaration or certificate is needed, who can prepare it, and what records must I provide?
It depends on whether the payment is taxable in India and its amount. Under the 1961 Rules the remitter files Form 15CA online: Part A for taxable remittances up to ₹5 lakh, Part B where a lower or nil deduction certificate has been obtained, Part C for taxable remittances above ₹5 lakh, which need a chartered accountant’s certificate in Form 15CB, and Part D for payments that are not taxable; payments on the specified list in Rule 37BB need neither form. The forms are renumbered under the Income-tax Rules, 2026. Records: the invoice or agreement, the nature of the payment, the payee’s tax residency certificate and Form 10F where treaty relief is claimed, the tax computation and the bank details. Form 15CB is prepared and signed by a chartered accountant after reviewing these.

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