Form 15CA & Form 15CB in
Sawai Madhopur

IMAK Advisory is an ICAI-registered firm of chartered accountants in Whitefield, Bengaluru, helping businesses, professionals and NRIs across India with payments to non-residents. We confirm the nature of each payment, check its taxability under the Income-tax Act and the tax treaty, work out the deduction and any grossing up, issue Form 15CB and help you file Form 15CA in the right part so that the bank can remit on time.

From 1 April 2026, under the Income-tax Act, 2025, Form 15CA is called Form 145 and Form 15CB is called Form 146, filed on the same income-tax portal. The declaration has four parts: Part A for taxable payments up to ₹5 lakh in the year, Part B where the tax officer has issued an order, Part C with a chartered accountant's certificate for larger payments, and Part D for payments not chargeable to tax. Payments on the notified list need no declaration.

The basic rule of foreign remittance income tax India law is that tax must be deducted on any sum paid to a non-resident that is taxable in India – royalties, fees for services, interest, dividends and capital gains. Treaty rates need a tax residency certificate and Form 10F. If tax is not deducted, the payer can face interest, a penalty and loss of the expense deduction.

The liberalised remittance scheme lets resident individuals send up to USD 2,50,000 a year abroad for education, travel, medical treatment, gifts and investment. The bank collects tax at source above a threshold, which can be adjusted in the income-tax return, and most personal remittances need no declaration. NRIs can repatriate up to USD 1 million a year from NRO balances after tax, with the certificate where required.

For readers searching in their own language: the remittance meaning in Tamil is பணம் அனுப்புதல் (sending money), and the remittance meaning in Telugu is డబ్బు పంపడం (sending money). An inward remittance is money coming into India; an outward remittance is money leaving India, and only outward payments to non-residents need these forms.

Common errors are filing the wrong part, issuing the certificate after the money has gone, missing earlier payments when testing the threshold, treating a service as an import, and forgetting to gross up. A payee file with treaty papers and a standard opinion for each recurring payment avoids most of them.

Businesses with regular foreign payments can plan the year in advance: list each payee, its treaty papers and expiry dates, the expected total for the year and the route for each payment. Individuals planning a large remittance for education or property abroad can check the tax collected at source and the timing with us before they approach the bank.

We are not a bank and do not arrange money transfers or forex. We do not publish fees; our team shares the exact total after reviewing your requirements. Visit us at ITPL Main Rd, Pattandur Agrahara, Whitefield, Bengaluru, Karnataka 560066, call or WhatsApp +91 79798 50684, or email imakadvisoryteam@gmail.com, and the IMAK Advisory team will review your foreign payment and prepare the papers.