CA ALOK KUMAR NANDAN

CA ALOK KUMAR NANDAN Fellow Chartered Accountant, AI Certified Chartered Accountant, LLM (NLU), Anti- Money Laundering Specialist, ERI(Income Tax), B.Com(H), Regd.

GST Practitioner - Partner in S.K.Mehta & Co. (Chartered Accountants)

🚨 Foreign Remittance Rules Have Changed from 1 April 2026!Form 15CA → Form 145 | Form 15CB → Form 146 | Form 10F → Form ...
28/08/2026

🚨 Foreign Remittance Rules Have Changed from 1 April 2026!

Form 15CA → Form 145 | Form 15CB → Form 146 | Form 10F → Form 41

If you are making a foreign payment, NRO repatriation, overseas consultancy payment or claiming DTAA benefit, understanding the new compliance framework is important. My latest article explains Form 145, Form 146 CA Certificate, Form 41, Section 393 TDS, DTAA/TRC requirements and the ₹5 lakh threshold with a practical compliance checklist.

📖 Read the complete Foreign Remittance Guide 2026 - https://caalokkumar.com/my-writing/form-145-146-form-41-foreign-remittance/

Form 145-146 and Form 41 explained under Income-tax Act 2025. Know foreign remittance, DTAA, TDS, CA certificate and filing requirements.

**Form 146 is no longer just a bank formality — it is now a detailed tax determination and compliance exercise.**The Inc...
26/08/2026

**Form 146 is no longer just a bank formality — it is now a detailed tax determination and compliance exercise.**

The Income Tax Department has issued the **Form 146 User Manual 2026**, clarifying key requirements relating to **foreign remittances, DTAA, TDS, RBI purpose codes, CA certification, DSC and UDIN**.

If you are making payments to a non-resident, handling **NRI repatriation**, property sale proceeds or other overseas remittances, understanding the new **Form 145 / Form 146 framework** is essential.

Read the complete practical guide here:
https://caalokkumar.com/my-writing/form-146-user-manual-foreign-remittance/

Form 146 User Manual 2026 explained: ₹5 lakh limit, Form 145 Part C, DTAA, TDS, RBI purpose code, DSC, UDIN and foreign remittance compliance.

🚨 **Foreign Remittances Are Under the Income Tax Department’s Lens**The recent CBDT verification drive has brought high-...
23/08/2026

🚨 **Foreign Remittances Are Under the Income Tax Department’s Lens**

The recent CBDT verification drive has brought high-value **foreign remittances, Form 145/146 compliance, DTAA claims, TDS and cross-border payments** into sharper focus.

The key question is no longer just whether money was sent abroad — but whether the **source, purpose, taxability and documentation** can be explained clearly if the transaction is selected for verification.

In my latest article, I explain the major red flags, Form 145/146 requirements, practical compliance risks and a clear action plan for businesses, NRIs and professionals.

🔗 https://caalokkumar.com/my-writing/foreign-remittance-income-tax-scrutiny-2026-2/

CBDT is verifying suspicious foreign remittances involving 394 entities and 36 professionals. Know Form 145/146 rules, red flags, documents and action plan. Foreign Remittance Income Tax Scrutiny 2026

🚨 **Foreign Assets Missing From Your ITR? Don’t Ignore Them in 2026**Have an old **foreign bank account, overseas shares...
22/08/2026

🚨 **Foreign Assets Missing From Your ITR? Don’t Ignore Them in 2026**

Have an old **foreign bank account, overseas shares, ESOPs/RSUs, pension account, property or other foreign investment** that was not disclosed in Schedule FA?

**FAST-DS 2026** provides eligible taxpayers a time-bound opportunity to regularise certain past foreign-asset and foreign-income defaults.

What makes the Scheme important is that the treatment can differ substantially:

✅ Undisclosed foreign income/assets up to **₹1 crore** – effective payment may be **60%**
✅ Certain qualifying disclosure-only defaults involving foreign assets up to **₹5 crore** – may be regularised with a **fixed ₹1 lakh fee**

This can be particularly relevant for **NRIs returning to India, overseas employees, ESOP/RSU holders and taxpayers with foreign accounts appearing in AIS under CRS/FATCA information**.

📅 **Last date: 31 December 2026**

Before taking any action, review your residential status, source of funds, previous ITRs, Schedule FA and prescribed valuation.

👉 **Read the practical action-plan guide:**
https://caalokkumar.com/my-writing/foreign-assets-not-disclosed-in-itr-fast-ds-2026/

Foreign assets not disclosed in ITR? Learn FAST-DS 2026 steps for Schedule FA, foreign bank accounts, ESOPs, NRIs, tax, ₹1 lakh fee and deadline.

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