Starting April 1, 2026, India's Central Board of Direct Taxes (CBDT) will enforce new tax rules that significantly alter the landscape for international transactions. These rules, part of the Income-tax Act, 2025, mandate stricter reporting for sending money abroad and receiving foreign income. Key changes include the introduction of Form 145 for reporting payments to non-residents, which requires detailed classifications across 65 categories. Additionally, remittances exceeding ₹5 lakh (approximately $6,000 USD) will necessitate a certificate from a Chartered Accountant via Form 146. For those claiming tax treaty benefits, the process becomes more documentation-heavy, requiring the new Form 41 alongside a Tax Residency Certificate. The government aims to enhance transparency and compliance, aligning with global standards for information sharing. KPMG notes that these changes will impose a higher compliance burden on non-resident taxpayers, particularly regarding foreign remittances and tax credits, as the government intensifies its focus on tracking cross-border money flows.