Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
March 31, 2026
Show AI Summary
Disproportionate assets probe leads to recovery of cash, vehicles and property documents from senior officials.
Police action against two senior Bihar government officers for alleged possession of disproportionate assets led to searches at multiple locations and recovery of property documents, cash, luxury items and vehicle records. The Economic Offences Unit registered separate FIRs against Kishanganj SDPO Gautam Kumar and Saharsa DRDA director Vaibhav Kumar after preliminary findings indicated assets allegedly far in excess of their known income, with suspected benami properties and investments traced to family members and associates. Searches yielded documents relating to numerous land parcels, residential property, insurance and financial investments, bank deposits, cash, luxury watches, high-end vehicles and other valuables.
March 31, 2026
Show AI Summary
Free trade agreements and apple imports raise concerns over Himachal orchardists' economic interests and market competitiveness.
Himachal Pradesh's apple sector was discussed in the context of free trade agreements with the European Union, the United States, New Zealand and other countries, with concern that lower import duties on apples could affect the economic interests of local growers. A private resolution urged the central government to frame a policy to safeguard orchardists, and the government accepted the resolution. The debate also noted that Himachal apples must improve in quality to compete with imports and that the state lags behind those markets in quality standards.
March 31, 2026
Show AI Summary
Sanctions waiver revives Iranian crude trade as a cargo heads to Gujarat amid refinery inventory pressures.
India's crude oil trade may see a renewed shipment of Iranian oil after a sanctions waiver allowed oil "on the water" to be purchased for a limited period. A vessel carrying about 600,000 barrels of Iranian crude has reportedly been observed heading toward Vadinar in Gujarat, marking the first such delivery since imports stopped in 2019 after sanctions tightening. The development is linked to Indian refiners' need for cargoes amid tightening inventories, while the government has stated that any resumption of purchases will depend on techno-commercial feasibility.
March 31, 2026
Show AI Summary
Registered non-profit organisation audit reporting in Form 112 standardises income, foreign contribution, and related person disclosures.
Form 112 is the annual audit report required to be furnished electronically under section 348 for a registered non-profit organisation whose total income exceeds the maximum amount not chargeable to income-tax in the relevant tax year. The form is filed through the e-filing portal on or before 30 September of the following year, with a Chartered Accountant certificate and annexure covering audited particulars, income classification, application of income, donations, related person transactions, specified violations, loans, borrowings, and supporting schedules. The guidance also consolidates earlier audit forms into a common Form 112 with different schedules for small and large registered non-profit organisations.
March 31, 2026
Show AI Summary
Electronic audit report filing for registered non-profit organisations is mandatory, time-bound, and tied to exemption eligibility under the income-tax law.
Form 112 is the electronic audit report prescribed under section 348 of the Income-tax Act, 2025, for a registered non-profit organisation whose income exceeds the basic non-taxable limit. It must be filed annually through the e-filing portal, one month before the due date for the return of income, and cannot be edited after acknowledgment or filed offline. PAN is mandatory, and supporting documents include registration papers, audited financials, related forms, FCRA records, AIS, and TDS returns.
March 31, 2026
Show AI Summary
Research-academia collaboration in cement and construction advances joint innovation, training, and sector-wide capacity building.
Strengthening research-academia collaboration in the cement and construction sector is pursued through a Memorandum of Understanding between the National Council for Cement and Building Materials and Delhi Technological University. The arrangement is directed toward joint research and innovation in cement and concrete technologies, along with training opportunities for students, professionals and other stakeholders. It also supports skill development and capacity building across the sector, with an emphasis on sharing technical knowledge, best practices and industry-relevant expertise.
March 31, 2026
Show AI Summary
E-commerce export and courier trade reforms remove value caps, add Return to Origin processing, and simplify returns handling.
CBIC operationalised reforms for e-commerce exports and courier-based trade to improve ease of doing business, reduce logistics inefficiencies, and strengthen export competitiveness. The reforms remove the value cap on commercial courier export consignments, introduce a Return to Origin mechanism for uncleared or unclaimed imports after 15 days, and simplify re-import of returned or rejected goods through a risk-based approach and system-based processing.
March 31, 2026
Show AI Summary
Amendment to accumulated income purpose through Form 110 requires electronic filing and Assessing Officer decision.
FORM 110 is an electronic application for a registered non-profit organisation seeking approval to amend the original purpose for which income was accumulated or set apart for a particular tax-year. It is filed on the e-filing portal before expiry of the period prescribed under Form 109 and must include details of the earlier Form 109, the proposed amendment, the amount unapplied, the reasons for the change, and an undertaking. The application is then forwarded to the jurisdictional Assessing Officer for decision and order in the prescribed ITNS form under section 342(6).
March 31, 2026
Show AI Summary
Change of purpose for accumulated income requires online FN 110 filing and approval before amended utilisation.
FN 110 is the prescribed digital application for a registered non-profit organisation seeking approval to amend the original purpose stated in FN 109 for income accumulated or set apart for a particular tax year. The form is mandatory when such amendment is proposed, must be filed online through the e-filing portal, requires a valid PAN, and cannot be filed offline or edited after submission. After filing and acceptance in FN 111, the accumulated or set-apart amount may be applied toward the amended purpose as approved.
March 31, 2026
Show AI Summary
Accumulation or set-aside of income by non-profit organisations requires annual electronic disclosure in Form 109.
Form 109 is an annual electronic statement for a registered non-profit organisation to report regular income accumulated or set apart under section 342(1) of the Income Tax Act, 2025. It must be furnished on the e-filing portal before the due date for filing the return of income and includes details of the amount, purpose, period of accumulation, prior-year accumulations, and any non-application due to injunction or court order. The reported amount may be claimed in a subsequent return for application within five tax years.
March 31, 2026
Show AI Summary
Accumulation of income by non-profit organisations requires timely electronic filing of FN 109 with a valid PAN.
Registered non-profit organisations may furnish FN 109 electronically or digitally to indicate accumulation or setting apart of regular income under section 342(1) of the Income-tax Act, 2025, for application in subsequent tax years for a period not exceeding five tax years. The form is mandatory for claiming the accumulated or set-apart amount, must be filed by the return due date, requires a valid PAN, and is submitted online to the Commissioner of Income Tax (CPC) through the e-filing portal. It cannot be edited after submission or filed offline.
March 31, 2026
Show AI Summary
Deemed application for non-profit income requires electronic filing of Form 108 before the return due date.
Form 108 requires a registered non-profit organisation to electronically furnish a statement exercising the option under section 341(7) for treating regular income as deemed application under section 341(5). The annual filing is due before the return of income due date and covers computation of the shortfall in application and the reasons for that shortfall. A reported shortfall may be claimed as deemed application in the subsequent return of income.
March 31, 2026
Show AI Summary
Deemed application of income under FN 108 requires timely online filing by registered non-profit organisations.
Registered non-profit organisations may use FN 108 as the electronic statement for exercising the option to treat a shortfall in application of income as deemed application where income could not be applied because it was not received during the relevant tax year. The form is mandatory for such a claim, must be filed online by the return filing due date, requires a valid PAN, and cannot be edited after submission.
March 31, 2026
Show AI Summary
Registration and approval conditions under Form 107 govern validity, disclosure, commercial activity, and cancellation safeguards.
Form No. 107 is the written order passed by the jurisdictional Principal Commissioner or Commissioner on an application in Form No. 105 for regular registration or approval, rejection of the application, cancellation of registration or approval, or a mixed order granting one section code while rejecting another. It records applicant particulars, the unique registration or approval number, the section, date, nature of activity, validity period and relevant tax years, and where applicable the reasons for rejection or cancellation. The form also sets out conditions on application of income, commercial activities, books of account, compliance with law, and true and complete disclosure.
March 31, 2026
Show AI Summary
Registration and approval orders under Form 107 govern grant, rejection, cancellation, and validity periods for eligible applicants.
Form No. 107 is the written order by which the jurisdictional Principal Commissioner or Commissioner grants regular registration or approval, rejects the application, cancels registration or approval, or grants one section code while rejecting the other. It is passed on receipt of Form No. 105, ordinarily within six months from the end of the quarter in which the application is made. The order may issue a 16 digit alphanumeric Unique Registration Number, and the validity of regular registration or approval is generally five tax years, with stated exceptions extending validity in specified cases.
March 31, 2026
Show AI Summary
Provisional registration and approval conditions under Form 106 cover income use, commercial activity limits, and disclosure compliance.
Form No. 106 is the order through which the Commissioner of Income Tax (CPC) grants provisional registration or provisional approval, or rejects an application made in Form No. 104. It captures applicant details, the provisional registration or approval number, the period of validity, and the authority issuing the order. The form prescribes conditions on application of income, commercial activities, maintenance of separate books, compliance with law, and true disclosure, and it may be cancelled if false information is found or electronic filing requirements are not met.
March 31, 2026
Show AI Summary
Preferential allotment of equity shares under a resolution plan supports AI expansion, technology platforms, and working capital needs.
Preferential allotment of equity shares by a listed artificial intelligence and digital transformation company pursuant to a Resolution Plan approved by the National Company Law Tribunal and in compliance with applicable SEBI Regulations, the Companies Act, 2013 and stock exchange requirements. The allotment comprised equity shares issued to strategic investors in the public non-promoter category at a premium, with participation from alternative investment funds, strategic investors and high-net-worth individuals.
March 31, 2026
Show AI Summary
Provisional registration and approval under income tax rules require timely orders, a unique registration number, and compliance with filing requirements.
Provisional registration or provisional approval is granted through Form No. 106 after receipt of Form No. 104, with an order to be passed within one month from the end of the month of application. The provisional status remains valid for three tax years or up to six months from commencement of activities, whichever is earlier. The order issues a 16-digit Unique Registration Number and may later be cancelled after hearing if the application contains false or incorrect information or fails electronic filing and verification requirements.
March 31, 2026
Show AI Summary
Form 105 governs regular registration and approval of non-profit organisations, with filing, validity, documents, and re-application rules.
Form No. 105 is the electronic application for regular registration or regular approval of specified non-profit organisations and allied funds under the Income-tax Act, 2025. It covers applicants seeking registration to claim benefits available to registered non-profit organisations, and applicants seeking approval so that donations received may qualify for donor deduction. The form requires details of identity, formation, existing registration, income, office bearers, beneficial ownership, activities, assets, liabilities, and supporting documents. It also provides for filing timelines, validity periods, re-application, withdrawal, and correction of erroneous details before the order is passed.
March 31, 2026
Show AI Summary
EMI calculators support smarter personal loan planning by helping borrowers assess repayments, tenure, and borrowing capacity in advance.
Personal loan planning increasingly depends on EMI calculators that allow borrowers to estimate monthly instalments, compare loan scenarios, adjust tenure for affordability, and assess the total cost of borrowing before applying. By entering the loan amount, tenure, and interest rate, applicants can review repayment obligations in advance and align borrowing decisions with monthly income and budget capacity, thereby supporting more disciplined financial planning and reducing the risk of over-borrowing. The personal loan product is presented as a flexible digital lending option with an online application process, minimal documentation, and fast approval features.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

Guidance Note – Form 153

April 3, 2026

Contents
Forms
Summary
Note

Note

-

Bookmark

Print

Print

Form 153 - Certificate & Notice of Demand by Tax Recovery Officer (TRO)

Purpose

Form 153 is a statutory Certificate and Notice of Demand issued by the Tax Recovery Officer (TRO) under the provisions of section 413 or section 414 of the Income-tax Act, 2025, read with Rule No. 225 of the Income-tax Rules, 2026.

It serves as a formal demand notice to a taxpayer (individual, company, or other entity) against whom tax arrears are outstanding, and authorises the TRO to initiate recovery proceedings in accordance with the prescribed statutory provisions.

Who should issue / receive

Issued by:

  • Tax Recovery Officer (TRO).
  • In cases falling under section 414, the issuing TRO acts on the basis of a certificate forwarded by another TRO, along with a certified copy specifying the arrears to be recovered

Issued to:

  • A taxpayer (individual, company, firm, trust, LLP, government entity, etc.) from whom tax, surcharge, additional tax, penalty, interest, fine, or any other sum has become due and remains unpaid.

Once default occurs and a recovery certificate is drawn up and forwarded, the TRO issues Form 153 to initiate recovery proceedings.

Frequency & Due Dates

Form 153 is not a periodic form.

It is event-driven and is issued whenever a default occurs and recovery proceedings are required to be initiated.

  • A single Form 153 may cover multiple tax years.
  • It may include multiple heads of arrears, such as income tax, surcharge, penalty, interest, fine, or other sums.
  • The taxpayer is required to pay the amount within 15 days from the receipt of the notice.

Structure of Form 153

Form 153 has been modernised and structured into clear and logical parts, consistent with digital governance requirements.

Part A - Basic Information

Captures essential taxpayer identification and contact details:

  • Name (full name without abbreviations)
  • Permanent Account Number (PAN)
  • Address (structured format - flat/door, premises, street, locality, city/district, state, PIN/ZIP code)
  • Status (Individual, Company, Firm, Trust, LLP, Government, etc., as specified in Note 3)
  • Contact details - Mobile number (with country code) and Email ID

This structured capture improves accuracy in identification and communication.

Part B - Details of Amount in Arrears

Provides a tax year-wise detailed breakup of arrears under the following heads:

  • Income Tax
  • Surcharge
  • Additional tax (u/s 270)
  • Penalty (relevant section)
  • Interest (relevant section)
  • Fine (u/s 246)
  • Interest under section 411(3) from the date the amount became due
  • Any other sum

Each head is further classified into:

  • Regular
  • Advance
  • Provisional

The form also provides for:

  • Aggregate amount payable for each tax year
  • Repetition of tax year-wise rows where arrears relate to multiple years

All amounts are to be filled in ₹ (Indian Rupees).

Operative Portion - Certificate & Notice of Demand

The operative portion of Form 153 contains:

  • Certification that the specified sum has become due . Reference to the Document Identification Number (DIN) and date of the recovery certificate
  • Legal authority under section 413 or section 414 of the Income-tax Act, 2025
  • Direction to pay the arrears within 15 days of receipt
  • Warning that failure to pay will result in recovery proceedings under sections 413 to 422 and the Rule No. 225 of the Income-tax Rules, 2026.
  • Liability for:
    • Interest under section 411(3)
    • Costs, charges, and expenses of recovery proceedings

The form is authenticated with the seal and signature of the Tax Recovery Officer.

Documents Required to Issue Form 153

Since Form 153 is issued by the TRO and not filed by the taxpayer, the following departmental records are required:

  1. Recovery Certificate specifying arrears (from AO or another TRO, as applicable).
  2. Taxpayer Identification Records - PAN, address, status, and contact details.
  3. Arrear Computation Sheet - Detailed breakup of tax, surcharge, interest, penalty, fine, and other sums outstanding.

Filing Count

Form 153 is not a recurring or periodic form. It is issued only upon default and only when recovery proceedings are required to be initiated by the Tax Recovery Officer.

Process Flow of Form 153

1. Default and Certification:

Upon failure of the taxpayer to pay dues within the prescribed time, a recovery certificate is prepared and forwarded to the TRO.

2. Issue of Form 153:

The TRO issues Form 153 specifying the amount in arrears, tax year-wise breakup, legal provisions, and the 15-day payment timeline.

3. Recovery Proceedings:

If payment is not made within the stipulated time, the TRO initiates recovery proceedings such as attachment or sale of property under sections 413-422.

Outcome of Form 153 Processing

For the Department (AO / TRO):

  • Enables lawful and structured enforcement of recovery proceedings.
  • Ensures traceability and auditability through DIN-based issuance.
  • Facilitates real-time tracking of arrears and recoveries.

For the Taxpayer:

  • Acts as the final statutory intimation before coercive recovery.
  • Provides clear, tax year-wise and head-wise breakup of arrears.
  • Enables timely compliance or rectification of discrepancies.

Brief Note on Broad or Qualitative Changes Incorporated

The finalised Form 153 reflects significant qualitative improvements over the earlier version:

1. Legal Alignment:

  •  Sections updated from 222-223 (1961 Act) to 413-414 (2025 Act).

2. Enhanced Identification:

  •  Structured capture of name, PAN, address, status, and contact details.

3. Digital Governance Enablement:

  • DIN-based issuance for traceability and audit trail.
  • Designed for e-generation and electronic service of notices.

4. Improved Data Presentation:

  • Tax year-wise and head-wise breakup with regular/advance/provisional classification.
  • Removal of obsolete identifiers (e.g., GIR number).

5. Uniform Terminology:

  • Use of "Tax Year" instead of "Assessment Year".
  • Standardised currency notation as ₹.

Challenges and Solutions

Challenges in Old Form (1961)

Solutions in Finalised Form 153 (2025)

No unique traceability of recovery certificates

DIN-based identification for every Form 153

Limited taxpayer identification

Full structured identity and contact details

Weak linkage between assessment and recovery

System integration between AO, CPC, and TRO

Manual, text-heavy format

Digital-first, structured, and repeatable design

Common Changes Across Forms

1. Statutory Alignment

  • Sections updated from 222-223 (Income-tax Act, 1961) to 413-414 (Income-tax Act, 2025).
  • Recovery provisions now refer to sections 413-422 and the Rule No. 225 of the Income-tax Rules, 2026.

2. Digital Traceability

  • Introduction of Document Identification Number (DIN) for every Form 153.
  • Designed for e-generation and e-service.

3. Structured Format

  • Form divided into Part A (Basic Information) and Part B (Details of Amount in Arrears).
  • Clear, logical, and system-friendly layout.

4. Enhanced Taxpayer Identification

  • Detailed capture of Name (full), PAN, Address, Status, Mobile number, and Email ID.
  • Status standardised with predefined categories (Individual, Company, LLP, Trust, etc.).

5. Tax Year-wise Reporting

  • Use of "Tax Year" instead of "Assessment Year".
  • Provision to repeat rows for multiple tax years.

6. Detailed Break-up of Arrears

  • Arrears classified head-wise:
    • Income tax, surcharge, additional tax, penalty, interest, fine, interest u/s 411(3), and other sums.
  • Each head further split into Regular / Advance / Provisional.
  • Aggregate payable amount auto-derivable.

7. Updated Interest Provision

  • Interest referenced as section 411(3) (instead of section 220(2)).

8. Removal of Obsolete Elements

  • GIR number removed.
  • Redundant narrative text streamlined.

9. Standardisation

  • Currency standardised to ₹.
  • Uniform terminology and notes added for clarity.

10. Improved Legal & Operational Clarity

  • Explicit 15-day payment timeline retained with clearer consequences.
  • Clear distinction between section 413 and section 414 cases (inter-TRO recovery).

Topics

Acts Income Tax