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April 3, 2026
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Undertaking for tax clearance on departure from India requires employer or other signatory support and manual filing.
Form 154 is an undertaking required from an employer or other person when a person not domiciled in India is leaving India. It is filed manually under section 420(1) and Rule 228, and is supported by passport or Emergency Certificate details. The form is generally attached to a request for a Tax Clearance Certificate, and processing results in issuance of Form 155.
April 3, 2026
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Form 154 undertaking governs tax clearance for non-domiciled persons leaving India with India-sourced income.
Form 154 is the prescribed undertaking for a non-domiciled person leaving India with India-sourced income in connection with business, profession or employment. It is signed by the employer or other person concerned, filed offline before the prescribed authority, and is required each time such person departs India. The form supports issuance of a tax clearance certificate, requires a valid PAN, and is accompanied by a passport or emergency certificate, while Aadhaar is not required and proof of tax payment is optional.
April 3, 2026
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Tax recovery notice and certificate require payment within 15 days before recovery proceedings can begin.
Form 153 is the statutory Certificate and Notice of Demand issued by the Tax Recovery Officer for recovery of outstanding tax arrears under the Income-tax Act, 2025, read with the Income-tax Rules, 2026. It is an event-driven recovery instrument issued after default and a recovery certificate, may cover multiple tax years and multiple heads of arrears, and directs the taxpayer to pay within 15 days, failing which recovery proceedings may follow.
April 3, 2026
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Tax recovery demand notice under Form 153 requires payment of arrears within 15 days before coercive recovery begins.
Form 153 is the statutory Certificate and Notice of Demand issued by the Tax Recovery Officer for unpaid tax arrears, including tax, interest, penalty, fine, or other sums. It requires payment within 15 days and may cover multiple tax years or multiple heads of arrears in one notice. If payment is not made, recovery proceedings may follow, including attachment or sale of property and other enforcement measures, with interest, costs, charges, and expenses also accruing.
April 3, 2026
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Advance tax estimate dispute through Form 152 lets an assessee submit reasons and a revised income estimate.
Form 152 is used to intimate the Assessing Officer under section 407(8) where an assessee considers the estimate of income or advance tax in a notice of demand under section 289, issued pursuant to an order under section 407(2) or section 407(5), to be excessive. The assessee may state the reasons for disputing the estimate and furnish a revised estimate of income subject to advance tax for the relevant tax year. The form includes the demand reference, reasons for dispute, revised head-wise income estimate, computation of advance tax payable, and verification, together with supporting documents where required.
April 3, 2026
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Advance tax estimate disputes can be notified through Form 152 with reasons and a revised income estimate.
Form 152 is the statutory mechanism for intimating the Assessing Officer that a demand for advance tax is excessive and for furnishing a revised estimate of income subject to advance tax. It is optional and may be filed only by a person served with such notice who considers the Assessing Officer's estimate to be higher than the correct estimate for the relevant tax year. The form must be filed before the Assessing Officer who issued the demand and must specify the reasons for disputing the estimate along with a head-wise revised estimate of income.
April 3, 2026
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Advance tax compliance through Form 151 notice of demand, setting estimated liability, instalments, and due dates for payment.
Form 151 is the prescribed notice of demand for requiring payment of advance tax under the Income-tax Act, 2025. It is issued by the Assessing Officer to an assessee liable to pay advance tax under section 407(2) or 407(5), based on available information regarding the assessee's income for the relevant tax year. The notice states the estimated advance tax liability and the instalments and due dates for payment, and is accompanied by a computation of advance tax payable under section 407.
April 3, 2026
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Advance tax notice under Form 151 sets out estimated income, instalments, and payment requirements for assessees.
Form 151 is the prescribed notice of demand for requiring payment of advance tax where an assessee is liable to pay advance tax on estimated income for the relevant tax year. It is issued by the assessing officer on the basis of the officer's computation of estimated income subject to advance tax and the advance tax payable, and it informs the assessee of the demand and the instalments and due dates for payment. The form must also set out the assessee's particulars, the statutory basis, the tax year, and the amount payable.
April 3, 2026
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Tax collection default certificate: Form 150 enables electronic proof that the collectee paid tax and the collector is not treated as in default.
Form No. 150 is the electronic accountant's certificate required where a collector has failed to collect tax at source, but the collectee has included the relevant income in the return and paid the tax due, so that the collector is not treated as an assessee in default under section 398(2). The form is furnished electronically through the prescribed online filing framework, supported by a Chartered Accountant's certification confirming inclusion of income in the collectee's return and proof of tax payment. The process uses TRACES and e-filing portal steps, with prescribed transaction details, supporting records, and digitally signed certification.
April 3, 2026
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Tax at source default regularisation through Form No. 150 requires accountant certification and preserves interest liability.
Form No. 150 provides a mechanism for a collector who failed to collect tax at source to avoid being treated as an assessee in default where the collectee has filed a return, included the relevant amount in income, and paid the tax due. The form relies on an accountant's certificate in Annexure A and applies to both resident and non-resident collectees. Filing begins on the TRACES website and is processed through the e-filing portal, while interest remains payable for the period from the date tax was collectible until the collectee files the return.
April 3, 2026
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Assessee-in-default relief through accountant certification when the payee has disclosed income and paid tax.
Form No. 149 is the accountant's certificate used where tax was not deducted or was deducted short, but the payee has reported the income and paid the tax. It is filed electronically by the deductor through TRACES with Chartered Accountant certification to establish that the deductor is not treated as an assessee-in-default under section 398(2), though interest may still apply until the deductee pays the tax.
April 3, 2026
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Tax deduction default relief through Form 149 allows deductors to regularise failure to deduct tax once deductee tax payment is verified.
Form No. 149 provides a mechanism for a deductor to regularise failure to deduct tax at source where the deductee has already filed a return and paid the tax due. The Accountant's certificate in Annexure A confirms that the deductee filed the return, included the relevant income, and paid the tax. The form may be filed for resident or non-resident deductees, and if accepted the deductor is not treated as an assessee in default, though interest remains payable until the deductee files the return. Filing is initiated through TRACES and the e-filing portal.
April 3, 2026
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Quarterly remittance reporting by IFSC units requires Form 148 filing for cross-border payments and e-verification.
Form No. 148 requires every IFSC unit making remittance to a non-resident other than a company or to a foreign company to file a quarterly statement through the e-Filing portal, whether the remittance is taxable or not. The form consolidates remittance reporting, prescribes quarterly due dates, and sets out unit details and remittance particulars to be furnished and verified online. Non-compliance within the due date may attract a penalty of up to Rs. 1 lakh, while remittances not chargeable to tax continue to be reported in Form No. 148 instead of Part D of Form No. 145.
April 3, 2026
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Mandatory quarterly remittance reporting by IFSC units requires online filing, DSC verification, and timely compliance.
Form No. 148 is a mandatory quarterly statement for IFSC units making remittances to a non-resident other than a company or to a foreign company. It must be filed online through the e-Filing portal, e-verified by DSC, and furnished by the 15th day of the month following each quarter. The form requires remittee and remittance details, cannot be modified after submission, and non-filing or late filing may attract a penalty of up to Rs. 1 lakh.
April 3, 2026
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Foreign remittance reporting requires quarterly Form No. 147 filing with linked Form No. 145 details and digital verification.
Form No. 147 requires authorised dealers to furnish a quarterly statement of remittances to non-residents and foreign companies through the e-Filing portal. Filing is due each quarter after obtaining ITDREIN and mapping an authorised person, with Part A covering dealer particulars and Part B covering remitter, remittee and remittance details, including Form No. 145 acknowledgement particulars where applicable. Non-filing within time attracts penalty, and the form is integrated with the Department's risk profiling and verification system.
April 3, 2026
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Authorised dealer reporting for cross-border remittances requires mandatory quarterly Form No. 147 filing and electronic verification.
Form No. 147 is a mandatory quarterly statement filed by an Authorised Dealer for remittances to a non-resident, other than a company, or to a foreign company. It must be filed only through the e-Filing portal, after generation of ITDREIN and mapping of an authorised person with a valid Digital Signature Certificate for e-verification. The form is due quarterly by the 15th of the month following each quarter and is supported by Form No. 145 details. Late filing may attract penalty.
April 3, 2026
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Accountant's certificate for foreign remittances requires chargeability review, treaty relief analysis, and e-verification before payment is made.
Form No. 146 is the accountant's certificate for specified foreign remittances to a non-resident other than a company or to a foreign company where the payment or aggregate payments exceed the prescribed threshold and no Assessing Officer certificate has been obtained. It requires the Chartered Accountant to certify chargeability under domestic income-tax provisions and applicable DTAA relief, with supporting details on remitter, remittee, remittance, tax deduction, and verification. The form is filed through the e-filing system, e-verified using DSC, may be withdrawn within seven days, and inaccurate certification exposes the accountant to penalty.
April 3, 2026
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Accountant's certificate for foreign remittances governs taxability checks, digital filing, withdrawal limits, and one-time consumption for Part C.
Form No. 146 is the accountant's certificate required for filing Part C of Form No. 145 where a remittance is chargeable to tax and exceeds the prescribed threshold during the tax year. It is certified by a registered Chartered Accountant with a Digital Signature Certificate and assignment of Form No. 145, Part C, and it examines chargeability under the Income-tax Act and any applicable Double Taxation Avoidance Agreement. The form is filed online or through the offline utility, verified by Digital Signature Certificate, and may be withdrawn within seven days subject to the linked filing status.
April 3, 2026
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Pre-remittance declaration for foreign payments streamlines TDS compliance, verification, and risk profiling under the income-tax framework.
Form No. 145 is the mandatory pre-remittance declaration for payments to a non-resident not being a company or to a foreign company, intended to capture foreign remittances chargeable to tax in India and support TDS compliance, departmental verification, and risk profiling. It is an event-based form required before remittance, subject to specified exceptions, and is structured into four parts depending on whether the remittance is chargeable to tax, exceeds the prescribed threshold, or is supported by an Assessing Officer certificate, an accountant's certificate in Form No. 146, or no taxability. The guidance also covers filing methods, supporting documents, e-verification, withdrawal, penalties for non-compliance, and recent field-level changes for electronic reconciliation.
April 3, 2026
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Mandatory foreign remittance declaration governs payments to non-residents, with exemptions, verification rules, and penalty exposure for non-compliance.
Mandatory declaration is required before remitting funds outside India to a non-resident, other than a company, or to a foreign company. The form is filed by the person responsible for the payment, subject to specified exemptions, and must be furnished before the remittance is made. The filing structure depends on whether the remittance is chargeable to tax, the applicable threshold during the tax year, and whether an Assessing Officer certificate or an Accountant's certificate has been obtained. Supporting documents, e-verification, withdrawal rights, and penalty consequences are also specified.

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Customs & Trade

AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform

March 10, 2026

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New Delhi | 10th March 2026: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and supply chain resilience become extremely important. The 40th edition of AAHAR is therefore not just another exhibition — it is a statement of India’s growing role in the global food economy. Over the last four decades, AAHAR has evolved into one of Asia’s most respected Business-to-Business platforms for the food and hospitality sector. It connects producers, processors, exporters, technology providers, hospitality leaders and institutional buyers from across the world. As India hosts the 40th edition this year, the exhibition reflects both continuity and transformation — continuity of a trusted trade platform, and transformation in how the global food ecosystem is evolving.

AAHAR exists because trade platforms are essential for translating production strength into economic opportunity. India today is among the largest producers globally of milk, spices, rice, fruits and vegetables, and pulses. Specifically, India accounts for 24% of global milk production, commands a 25% share of the $20 billion global spices market, contributes 28% of world rice production, and leads in fruits like bananas (26% global production), mangoes (43%), and papayas (37%). However, production scale does not automatically translate into proportionate export dominance. These figures illustrate that production alone does not create economic value. Value is created when agriculture connects with processing, technology, packaging, logistics and global markets. AAHAR provides exactly this platform.

Recent export performance underscores this opportunity. In FY25, dairy exports reached 113,350 metric tonnes valued at $493 million, representing an 80% year-on-year increase. Similarly, while India produces spices at scale, it captures approximately 25% of global spice exports, exporting 1.5 million tonnes worth $4.5 billion annually. Rice exports demonstrate stronger global penetration, with India shipping 21.55 million tonnes in 2025, valued at approximately $12.95 billion in FY25, representing significant volume in global rice trade. Fruits and vegetables exports reached $1.82 billion in FY25, while pulses exports hit a record 876,000 metric tonnes from January to November 2025, with full-year projections approaching 1 million metric tonnes. These indicators underline a clear pathway: strengthen value addition and processing capability, promote technology adoption, and build structured market linkages that expand India’s presence in global food trade.

AAHAR enables this through outcomes that are clearly business-focused. It facilitates business matchmaking, export partnerships, technology exchange and investment opportunities. For entrepreneurs, processors, hospitality players and exporters, AAHAR is where real business conversations happen.

Food and hospitality is among the fastest growing sectors in India, driven by demography, rising prosperity, urbanisation, lifestyle changes, rapidly growing leisure travel, outsourcing events and the evolution of a modern market, services and supply chain infrastructure. At the heart of this growth is the food processing industry. In this context, AAHAR’s relevance extends across the complete sector—from the front end to the back end—bringing together stakeholders across food processing and hospitality solutions, and connecting them to the world.

The scale of this year’s edition demonstrates the confidence that global industry has in the platform. AAHAR 2026 features 1800+ exhibitors, including 155 international exhibitors from 17 countries, with Italy as the Partner Nation. Participants represent the entire food ecosystem including processed foods, dairy and marine products, spices and organic produce, bakery and confectionery, food processing machinery, cold chain technology, packaging innovations and hospitality solutions. This breadth makes AAHAR one of the most comprehensive food and hospitality trade events in the region.

The exhibition increasingly serves as a platform not just for physical products, but for technology solutions that enhance efficiency and sustainability across the food value chain. As global supply chains diversify, countries are looking for stable and reliable sourcing partners. India offers a unique combination of agricultural scale, skilled workforce, expanding food processing capacity, and a strong entrepreneurial ecosystem. Total agricultural and processed food exports reached approximately $49 billion in FY25, with agricultural exports constituting 11.9–13% of India’s total export basket. The food processing sector contributes 7.93–8.8% to India’s manufacturing Gross Value Added (GVA) and accounts for 12.91% of organized employment in the manufacturing sector. The role of platforms like AAHAR is to accelerate these global linkages and help Indian businesses connect with international buyers and partners.

A defining pillar of the platform is its relevance for Micro, Small and Medium Enterprises (MSMEs) and emerging entrepreneurs. AAHAR has always provided an inclusive platform for these businesses. Through dedicated startup pavilions, buyer-seller interaction sessions, and global networking opportunities, the exhibition enables smaller enterprises to connect with larger markets and institutional buyers. For many MSMEs, AAHAR is where their products first reach global buyers, where they secure their first export orders, and where they establish relationships with technology providers and logistics partners that enable scale. The government’s support through schemes like PM Formalization of Micro Food Processing Enterprises (PMFME), Production Linked Incentive (PLI) for food processing, and infrastructure development under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) creates an enabling environment that platforms like AAHAR help translate into commercial opportunities.

The global food industry is increasingly focused on sustainability and responsible business practices. This includes responsible sourcing and ethical supply chains, efficient resource use particularly water and energy, sustainable packaging solutions reducing plastic use, lower carbon footprints through optimized logistics, waste reduction and circular economy principles, and organic and regenerative agriculture practices. Many exhibitors at AAHAR are showcasing innovations in these areas, reflecting the industry’s commitment to responsible growth. Sustainability is no longer a peripheral concern but a core competitive advantage in global food trade.

Chairman, ITPO Quote: The food and hospitality sector is among the fastest-growing sectors in India, driven by favourable demographics, rising prosperity, urbanisation, changing lifestyles, growing leisure and business travel, outsourcing of events, and the evolution of modern markets, services, and supply chain infrastructure.

At the core of this ecosystem lies the food processing industry.

India is already a major exporter of agricultural products. Exports of value-added products, equipment, and accessories are emerging as a new priority and are showing promising growth. Our new Free Trade Agreements will further expand export opportunities, which are vital for our farmers and the MSME sector.

AAHAR brings together all segments of this industry — from the front end to the back end — and connects them with the global market. International participation continues to grow, and for the first time, Italy is the Partner Country for this edition.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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