New Delhi, May 25 -- Indians sending money abroad, whether for overseas investments, property purchases, business payments, education or an NRI remitting funds abroad must comply with the new income tax documentation requirements under Forms 145 and 146. These forms replaced the previous Forms 15CA and 15CB under the Income-Tax Act, 2025 framework.

According to the income tax department's guidelines, these forms must be submitted before making a payment to a non-resident or foreign entity, and banks may require them before processing international transfers.

"Form 145 is a new form that replaces the old Form 15CA for sending money outside India. It needs to be filled by anyone who wants to make a foreign payment, and it must be submitte...