New Delhi, Aug. 19 -- The Income Tax Department has announced a nationwide exercise to examine overseas remittances flagged as potentially suspicious.

The move has also drawn attention to Form 15CB, the accountant's certificate prescribed for certain remittances under the Income Tax Rules, 1962. Under the new tax framework, the corresponding certificate is Form 146 under the Income Tax Rules, 2026.

But what exactly is Form 146, when is it required, and how can taxpayers use it? Here are the details.

Form 146 is a Chartered Accountant's certificate for certain taxable payments made to a Non-Resident Indian (NRI) or a foreign company. It helps determine whether the payment is taxable in India and how much TDS should be deducted before th...