Identify what the money represents, settle the tax evidence, then prepare the bank request for that remittance.

| Money in the account | Route to establish |

| --- | --- |

| Identifiable current rent, pension, interest or dividends | Current-income remittance, with applicable tax compliance; separate from the assets allowance |

| Eligible NRO capital balances, inheritance and asset-sale proceeds | NRI/PIO remittance-of-assets facility, up to USD 1 million per financial year |

The balance alone does not establish its route. Gather the receipt trail and ask the bank to identify current income separately from old principal or accumulated balances. RBI also permits current income to be credited to NRE where the bank is satisfied about its character and tax deducted, paid or provided for.

For a sale, check the original purchase-funding route before assuming the entire receipt uses the NRO assets allowance. The property-proceeds page covers that assessment; inheritance and old NRO source evidence have their own document trails. The steps remain source evidence, tax review, applicable forms, then bank processing.

A certificate is not automatically required because rent arrives monthly. Test each proposed remittance under Rule 220. Where the certificate route applies, the Department describes Form 146 as event-based: one certificate is consumed against one Form 145. It is not annual clearance.

| Stage | Practical file to maintain |

| --- | --- |

| Start of the year or lease | Lease, expected rent, account and beneficiary details; bank's agreed checklist |

| Each month | Gross rent, deduction, net credit and supporting bank/tax evidence |

| Each remittance | Actual amount, applicable form or exemption basis, current tax evidence and A2 |

| Year-end reconciliation | Receipts and tax records tied to the return; explain differences |

Ask the bank which standing documents it retains and which it wants refreshed. Keep your own copy of every submission and completion advice. Monthly tracking can support quarterly or less frequent transfers if that suits your needs; batching is a planning choice, not a tax-form exemption.

Fictional arithmetic: Anil in Mumbai records Rs 6 lakh gross rent, Rs 1.2 lakh assumed documented withholding and Rs 4.8 lakh net receipts over a period. Rs 3 lakh remitted plus Rs 1.8 lakh retained reconciles to Rs 4.8 lakh before bank charges. The assumed withholding is not a prescribed rate; the annual form threshold is not tested using net receipts alone.

| Credit | Evidence and separation |

| --- | --- |

| NRO deposit interest | Interest certificate, credit entries and tax evidence |

| Dividend | Payer or broker statement, gross dividend, tax deduction and net bank credit |

| FD maturity | Split returned principal from interest; do not label the whole maturity current income |

Current-income repatriability does not settle the income-tax form question. Keep the source, tax treatment and reporting decision separately visible. For an FD funded from old NRO capital, establish the principal's assets route even when the interest can be identified as current income.

If requesting a treaty position, give the CA the relevant residency and entitlement evidence before preparing the remittance. Do not infer that a bank deduction has settled the final tax liability. For an account transfer rather than an outward payment, see NRO to NRE.

Start with the NRI remitter, recipient, source account and actual purpose. The resident-individual LRS is a different facility; do not select it merely because the recipient is family.

| Tax position | Form consequence |

| --- | --- |

| Non-chargeable payment genuinely within the specified S1301 family-maintenance/savings entry | Rule 220(3)(c) dispenses with the information filing |

| Chargeable payment described as maintenance | The label alone gives no exception; apply the taxable-payment branches |

| Non-chargeable payment outside that entry | Check the other Rule 220(3) exceptions before using Part D |

The specified list belongs to the tax rule and uses RBI purpose codes. Its exception requires a non-chargeable sum. The bank still checks the source and FEMA route; sending NRO capital to family does not create another assets allowance. Ask it to confirm the beneficiary arrangement, especially if someone operates the account under a mandate.

Keep a signed purpose explanation and supporting source records with the bank's response. A family label cannot cure missing tax or source evidence.

Use Rule 220, formerly Rule 37BB, before selecting a part.

| Payment position | Filing branch |

| --- | --- |

| Chargeable; payment or aggregate during the tax year no more than Rs 5 lakh | Part A |

| Chargeable; over Rs 5 lakh; qualifying assessing-officer certificate/order under section 395(1)/(2) | Part B |

| Chargeable; over Rs 5 lakh; CA-certificate route | Part C with Form 146 |

| Not chargeable; no sub-rule (3) exception | Part D |

| Not chargeable; within sub-rule (3) | No information filing under this rule |

Part B's qualifying order replaces Part C; both are not required. The corresponding old AO provisions were sections 197 and 195(2)/(3).

Rule 220(3) covers a non-chargeable sum where the individual remitter needs no prior RBI approval under FEMA section 5 read with Schedule III of the Current Account Transaction Rules; an eligible IFSC unit remits; or the payment is on the specified list. Do not apply the exception without its non-chargeability condition.

The Rs 5 lakh test is an annual aggregate, not a fresh allowance for every transfer. Tax already deducted is not the same as income being non-chargeable. For a bank disagreement, obtain its written reason and the CA's basis before changing the filing branch.

Reconcile each source before combining it.

| Source schedule | Show separately |

| --- | --- |

| Rent, interest and dividends | Gross income, tax, net available amount and period |

| Sale proceeds, inheritance or old capital | Acquisition/receipt trail, applicable tax and amount using the assets facility |

Then show the requested total and the balance left in NRO. Combining money does not erase its tax treatment or turn capital into current income.

The Department's Form 146 guidance says an A2 carries one RBI purpose code. Ask the bank whether the proposed combination fits one truthful code and filing treatment; if it does not, split the remittances. Do not hide an incompatible source under the largest component.

For the accepted structure, the remitter and CA align the amount, currency, recipient, proposed date, purpose and tax analysis. Obtain the final applicable acknowledgements before bank processing. Send a returned pack through the repatriation-unblock service with the bank's written objections.

The assets allowance belongs to the eligible remitter for the April-to-March financial year, not separately to each bank. Record all uses, including eligible NRO-to-NRE transfers. RBI requires instalments under this facility to go through the same authorised dealer. Do not split requests across banks to multiply the limit.

| Register column | What to enter |

| --- | --- |

| Date and financial year | Completed transfer date and April-March year |

| Source and route | Asset/source reference; current-income treatment separately documented |

| Amount | INR debit, currency sent and the bank's recorded USD equivalent |

| Evidence | Bank advice, tax/forms references and prior-use declaration |

| Running total | Assets-route utilisation and remaining headroom |

Example in USD: USD 250,000 of earlier eligible transfers plus USD 600,000 proposed uses USD 850,000, leaving USD 150,000. Use the bank's actual conversion figures for non-USD transfers. Prior RBI approval is needed above the assets-route limit.

Before changing the processing bank, disclose earlier transfers and ask how it will meet the same-AD requirement. Reconcile pending March instructions to actual execution dates; do not allocate the same transfer to both financial years.

Forms 145 and 146 replaced Forms 15CA and 15CB for remittances made on or after 1 April 2026. Form 145 supplies the remitter's information; Form 146 is the accountant's certificate where required.

| Date or period | Which framework applies |

| --- | --- |

| Remittance completed by 31 March 2026 | Old remittance forms under the 1961 Act |

| Remittance made from 1 April 2026 | New forms under the 2025 Act and Rule 220 |

| Underlying income from FY 2025-26 | Remains assessable under the 1961 Act for AY 2026-27 |

The Department says an uncompleted transfer needs fresh forms where its previously stated remittance date has passed. Thus an April transfer of income accrued in February uses the new remittance procedure while the underlying income retains its earlier-year tax treatment.

If the bank checklist still uses the old names, confirm which current acknowledgements it wants. Complete the source and tax reconciliation before generating the final pack; renaming a PDF does not update a filed form.

Reviewed 2026-09-22. • RBI Master Direction, Deposits and Accounts, paragraphs 4.7 and 6.8: current income and eligible NRE credits: https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10198 • RBI, Accounts in India by Non-residents, current income and April-March NRO cap: https://www.rbi.org.in/commonman/Upload/English/FAQs/PDFs/Accountresidents16012025.pdf • RBI Master Direction, Remittance of Assets, paragraphs 3.2, 4.1 and 5: USD 1 million, same-AD instalments, approval and tax compliance: https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10197 • Rule 220(1)-(3), formerly Rule 37BB(1)-(3), Income-tax Rules 2026: https://www.incometaxindia.gov.in/documents/20117/42998/Rule-220_2026-05-02_06-53-54_6ed711_en.pdf/f5125908-3636-c9ac-b9d7-3f3585175784?t=1779520581068&version=4.0 • Form 145, formerly 15CA, Income Tax Department: https://www.incometaxindia.gov.in/documents/d/guest/fn-145 • Form 146, formerly 15CB, Income Tax Department: event-based certificate, linkage and one purpose code per A2: https://www.incometaxindia.gov.in/documents/d/guest/fn-146 • Income Tax Department, remittance-date transition and underlying income-year treatment: https://www.incometax.gov.in/iec/foportal/help/all-topics/e-filing-services/income-tax-forms?mobile-app=1 • RBI Master Direction, Liberalised Remittance Scheme: resident individuals: https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10192 • IDFC FIRST Bank, outward-remittance checklist, bank-specific evidence only: https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/Purpose-code-wise-documentation.pdf