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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.
April 3, 2026
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Tax deducted at source on non-resident payments is reported through Form 144 with quarterly deductee-wise compliance requirements.
Quarterly statement in Form No. 144 is the prescribed TDS return for reporting tax deducted at source on payments other than salary made to non-resident persons, including non-resident Indians and foreign companies. The form covers interest, royalty, technical fees, dividends, and similar cross-border remittances, and is filed by deductors for the relevant tax year. It contains deductor particulars, tax paid details, and a deductee-wise annexure, and requires challans, PAN details, and treaty documents where benefits are claimed.

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Corp. Laws / SEBI / IBC

India’s Online Degree Market Expected to Grow Rapidly by 2030: Insights from TrainingsKart

April 11, 2026

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New Delhi, India – April 2026 – TrainingsKart is a leading online education platform in India, has released updates on the strong growth expected in the country’s online degree market. This sector is set to grow strongly by 2030. It is driven by changing learners' needs and supportive policies. The online education market in India is witnessing steady progress. The industry reports indicate the market stood at an estimated USD 3.6 billion in 2025. It is estimated to expand at a CAGR of approximately 23% through 2030. This expansion is expected to add notable value to the sector in the coming years. This positive outlook can contribute to many important factors. There is a clear rise in demand for flexible education options. Secondly, employees are continuing with higher education. The growth of e-learning platforms has made quality education more accessible. The online degrees are gaining acceptance from regulators such as the University Grants Commission (UGC). The value of UGC approved online degrees is now equal to that of the regular degrees. This increases learners' confidence in their qualifications. And the people who are enrolling on online MBA courses are quite interesting. There is a positive response from working professionals towards accepting online degrees. It is mainly in the fields of management and technology. This is best seen in metropolitan areas like Bangalore, Delhi and Mumbai, where professionals seek convenient ways to upgrade their qualifications. Popular Online Degree Programs Driving Growth The most popular programs added are the online MBA. This is a program of choice for many students and employed individuals seeking to advance their careers. The program is based on leadership, business strategy and real-life skills. 1. Online MBA The Online MBA remains one of the most preferred choices among working professionals. The recent enrollment trend shows that management programs account for a large share of online degree registrations in India. The MBA programs provide students with direct career benefits. The course teaches business strategy and leadership with decision-making which employers consider essential skills. For more details, explore: MBA Online Course: Fees & Top Online MBA Colleges on TrainingsKart. 2. Online BBA The Online BBA is gaining popularity among students starting their careers. The online education platforms report continuous growth in undergraduate business enrollments. It shows strong demand from students who completed Class 12. The course builds strong fundamentals in marketing, finance, and entrepreneurship, making it a preferred entry-level business degree. 3. Online MCA The Online MCA program is experiencing demand. The IT sector in India continues to grow. The reports indicate that technology-related courses represent the fastest-growing segment of online education. There is a high demand for software developers and IT professionals. The program provides training in programming and system design. 4. Online BCA The Online BCA program is gaining popularity among students to begin their tech career path. The enrollment data indicate that student interest in computer-related undergraduate programs is rising. Digital skills have become necessary in all business sectors. The course allows students to learn coding with application development. These programs are gaining attraction because they align closely with the job market. These factors are driving the growth of online programs. The online market is expected to play a key role as more learners are choosing online education. This will shape the country's education landscape by 2030. Growing Trends in Online Education The current shift toward online degrees is also shaped by changing learner behaviour. Students and professionals are increasingly choosing to be flexible. These career-focused programs allow them to study without disrupting their daily routines. The most prominent development shows that professionals who work full-time now acquire new skills through their employment. Flexibility is one of the main advantages of taking remote courses. Students can work at their own pace, view recorded lectures, attend live sessions when able, and manage their studies around other obligations, including family and work. This convenience has opened doors for homemakers, rural learners and mid-career professionals. The second major element is affordability. Online programs are generally more cost-effective than traditional classroom degrees. This makes higher education accessible to a larger population. Students can now attend classes from any location because remote learning enables them to study from anywhere. The world now accepts online education as a legitimate form of learning. Employers now regard online degrees as valid credentials when candidates demonstrate actual job skills and possess relevant industry knowledge. Rising Demand in Major Indian Cities The online degree programs face their strongest demand in Bangalore and Delhi, and Mumbai. These cities have a high number of working professionals and tech-driven industries. Students are looking for flexible learning options. The availability of internet infrastructure and awareness about the online programs have increased the adoption in these regions. The reach of online education is expanding beyond metropolitan areas. Learners from Tier-2 and Tier-3 cities are increasingly enrolling in online degree programs. This is making quality education more accessible across the country. “Online education is changing the way Indian students study in higher education,” said a representative from TrainingsKart. “More professionals and students are now choosing online degrees to meet their career goals with flexible modes, recognised qualifications, and industry-relevant courses.” The Indian online education market is projected to expand at a CAGR of around 23% till 2030. As India progresses towards the higher education targets of the National Education Policy, online degree programs are expected to play a bigger role in making learning inclusive and future-ready. TrainingsKart supports its learners by providing access to a wide selection of UGC-approved online courses and programmes. About TrainingsKart TrainingsKart: TrainingsKart is a reliable and trusted online platform in India. It allows students and professionals to search and apply for the best courses. This includes popular degree courses in management, commerce, and computer applications. TrainingsKart also focuses on making choices easier through insights on the best-selling programs like Online MBA, BBA, MCA, and BCA. They are also the highest searched and enrolled courses in India. The increasing acceptance and accessibility of online education suggest that platforms such as TrainingsKart will be important in guiding students towards wise decisions. They are assisting them in reaching their career goals. For further details, visit: www.trainingskart.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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