The government has notified a statutory board for income tax exemption under Section 10(46A). The benefit applies from AY 2027–28 subject to conditions.
Form 157 is required for individuals leaving India without PAN or taxable income. It ensures proper declaration and documentation, even where no tax liability arises, simplifying compliance for such taxpayers.
The government grants tax exemption on specified income to an education board. The benefit is subject to strict compliance conditions and filing requirements.
The government has notified a statutory trust for income tax exemption under Section 10(46A). The benefit applies from AY 2025–26 subject to conditions.
The government notifies a statutory authority as eligible for income tax exemption. The benefit applies from AY 2025–26 subject to specified conditions.
Form 156 must be filed by Indian-domiciled persons with PAN when leaving India. The key takeaway is that it is a compulsory compliance requirement linked to travel abroad.
Form 155 is issued by the tax authority only after reviewing Form 154 and verifying tax liability status. It confirms that no dues remain, ensuring compliance before departure from India.
Form 154 links tax clearance to an undertaking by an employer or representative. It ensures that any tax arising from Indian income is paid even after the taxpayer exits India.
Form 153 is issued when tax dues remain unpaid, triggering a 15-day deadline for payment. The key takeaway is that non-compliance can lead to strict recovery actions like property attachment.
Form 152 under the Income-tax Act, 2025 provides a mechanism for taxpayers to intimate the Assessing Officer when an advance tax demand issued under section 289, pursuant to sections 407(2) or 407(5), is considered excessive. It allows the assessee to furnish a revised and lower estimate of income subject to advance tax along with reasons […]
