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April 3, 2026
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Immunity from penalty and prosecution through Form 161 depends on full payment, no appeal, and timely electronic filing.
Form 161 is the prescribed application under the Income-tax Act, 2025 for immunity from penalty and prosecution where an assessee accepts an assessment or reassessment order, pays the full tax and interest demand within the prescribed time, and does not file an appeal. The application is event-based and must be filed within one month from the end of the month in which the order is received. It requires structured taxpayer identity details, order and payment particulars, and a statutory verification, and is filed electronically with supporting assessment, demand, payment, and PAN documents.
April 3, 2026
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Immunity from penalty and prosecution through Form 161 requires full payment, no appeal, and online filing.
Form 161 is the prescribed application under section 440(2) of the Income-tax Act, 2025 for seeking immunity from penalty and prosecution after an assessment or reassessment order. It is optional and event-based, must be filed within one month from the end of the month of receipt of the order, and is available only where the taxpayer has paid the full tax and interest demand and has not filed any appeal. The form requires order details, demand details, proof of payment, and PAN, and can be submitted only online through the e-Filing portal.
April 3, 2026
Show AI Summary
Refund of wrongly deducted tax through Form 160 requires full transaction details, supporting documents, and timely filing.
Refund of tax deducted at source and deposited to the Central Government is available through Form 160 where tax was not required to be deducted on the relevant income or transaction. The form is filed by the deductor before the Assessing Officer having jurisdiction, within thirty days from payment of tax, and must contain transaction details, deductee details, agreement particulars, and proof of the tax deducted and deposited. Supporting documents and verification enable examination of whether the refund claim is admissible.
April 3, 2026
Show AI Summary
Refund of wrongly deducted tax through Form 160 requires proof that no tax was deductible and full TDS disclosure.
Refund of tax deducted at source and paid to the Central Government may be sought through Form 160 where the deductor contends that no tax was deductible on the relevant income or transaction. The form is the prescribed application under the Income-tax law and is to be used only in cases where tax was actually deducted and deposited, but the applicant later claims that the deduction was not required under the Act. It is filed before the TDS Assessing Officer having jurisdiction over the applicant, and the application is supported by the statutory particulars needed to test the claim of non-deductibility.
April 3, 2026
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Tax Clearance Certificate Form 159 governs clearance for persons leaving India and requires Assessing Officer issuance on Form 158.
Tax Clearance Certificate in Form 159 is issued by the Assessing Officer in response to Form 158 and is prescribed under section 420(5) of the Income-tax Act, 2025 read with Rule 228 of the Income-tax Rules, 2026. The form records the departing person's identity details and travel-linked validity, is issued through ITBA functionality, and has no statutory timeline for issue. Form 158 is the supporting application, and the note states that the taxpayer cannot leave India without the requisite clearance certificate.
April 3, 2026
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Tax Clearance Certificate governs departure-related compliance and is issued by the Assessing Officer on a Form 158 application.
Form 159 is the Tax Clearance Certificate issued by the Assessing Officer in response to Form 158. It is not filed by the taxpayer, but is issued to the specified taxpayer through the ITBA functionality, subject to the requirements of the Income-tax Act, 2025. No statutory time limit is prescribed for issuance, and the certificate is event-based, depending on the travel requirements of the person leaving India.
April 3, 2026
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Tax clearance certificate requirements for persons leaving India are set out through electronic filing of Form 158.
Form 158 is the application for a Tax Clearance Certificate required from a person directed by the Assessing Officer to obtain clearance before leaving India. It is filed each time the requirement applies, captures travel, identification, business, and passport details, and must be supported by documents such as passport or emergency certificate, PAN, and travel booking records. The form is filed electronically through the income-tax portal and digitally signed; on processing, Form 159 is issued as the Tax Clearance Certificate.
April 3, 2026
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Tax Clearance Certificate filing under Form 158 requires mandatory electronic submission before leaving India.
Form 158 is the mandatory electronic application for a Tax Clearance Certificate for domiciled persons required to obtain clearance before leaving India under the Income-tax Act, 2025. It must be filed each time the person leaves India, through the e-filing portal only. PAN is mandatory, while Aadhaar is not required. Supporting documents include passport or emergency certificate details and travel booking documents. The form cannot be edited after submission, and verification may be completed through prescribed electronic modes.
April 3, 2026
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Foreign departure undertaking for persons without PAN or taxable income is proposed as a manual compliance form.
Form 157 is a manual undertaking to be furnished by persons domiciled in India leaving India at the time of departure under section 420(4) of the Income-tax Act, 2025 and Rule 228 of the Income-tax Rules, 2026. It applies only to persons without PAN or without income chargeable to tax. The form requires identity and passport details, an undertaking regarding PAN or taxable income status, and particulars of the foreign visit, supported by passport documents or an emergency certificate where no passport is available.
April 3, 2026
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Form 157 certificate filing rules for domiciled persons leaving India without PAN or taxable income
Form 157 is a proposed new income-tax certificate form for persons domiciled in India leaving India who do not have PAN, do not have income chargeable to tax in India, or are not required to obtain PAN. It is mandatory subject to notified exceptions, must be filed each time the person leaves India, and is to be submitted manually before the jurisdictional Assessing Officer with the prescribed identity documents. The form does not require proof of tax payment, Aadhaar is no longer required in the personal details, and corrections may be made before submission or later through the Assessing Officer.
April 3, 2026
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Form 156 filing requirement for Indian residents leaving India is being split into declaration and undertaking formats.
Persons domiciled in India leaving India must furnish Form 156 at the time of departure as an undertaking under section 420(3) of the Income-tax Act, 2025 read with rule 228 of the Income-tax Rules, 2026, subject to notified exceptions. The form is to be filed electronically through the Income-tax Department e-filing portal and requires personal particulars, travel purpose, duration of stay abroad, passport details, and supporting documents such as passport and PAN, or an emergency certificate where no passport is available. The form structure is being rationalised by splitting the existing manual form into Form 156 and Form 157.
April 3, 2026
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Departure undertaking requirement governs Form 156 filing, with PAN-based e-filing and limited verification options for domiciled persons leaving India.
Form 156 is an undertaking to be furnished by persons domiciled in India leaving India at the time of departure, subject to notified exceptions. It applies only where the person has a valid PAN and income chargeable to tax in India, and is filed each time the person leaves India. The form cannot be edited after submission and acknowledgement. Filing is electronic through the income tax e-filing portal, with verification by electronic verification code or digital signature certificate, and requires passport or emergency certificate details, without proof of tax payment or Aadhaar.
April 3, 2026
Show AI Summary
No objection certificate for departing persons not domiciled in India issued as tax clearance through departmental process.
Form 155 is the no objection certificate and tax clearance certificate issued by the Assessing Officer to a person not domiciled in India under section 420(1) of the Income-tax Act, 2025, read with Rule 228 of the Income-tax Rules, 2026. It is issued in response to Form 154 filed by a person leaving India, records identity and travel details, and states the validity period of the certificate. The certificate is issued through the departmental ITBA functionality and may need to be shown to Customs or Immigration Officers if required.
April 3, 2026
Show AI Summary
Tax Clearance Certificate for non-domiciled persons is issued on Form 154 applications and may be required for immigration checks.
Form 155 is a Tax Clearance Certificate issued by the prescribed authority in response to Form 154 for a person not domiciled in India. It is not filed by the taxpayer, is issued subject to the conditions in the Act through the ITBA system, and has no prescribed statutory timeline. The certificate is event-based, depends on travel requirements, and may be produced before immigration officers if asked.
April 3, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Juniper Green Energy Makes History as India's First FDRE Project Enters Commissioning Phase

April 21, 2026

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Gurugram, Haryana, India (NewsVoir) • India's energy transition reaches a defining milestone — Juniper's integrated 259 MWp Solar, 280 MW Wind, and 200 MWh BESS project enters commissioning phase across Rajasthan and Gujarat • Juniper races ahead of all industry peers to become the FIRST RE developer to begin commissioning under the SJVN FDRE scheme, delivering firm, clean power to Haryana just as summer demand peaks Having already pioneered India's first merchant BESS in Bikaner, Juniper Green Energy Limited now achieves another landmark — beginning commissioning of India's first Firm and Dispatchable Renewable Energy (FDRE) project under Government of India’s Flagship FDRE Guidelines, marking yet another historic first for the Indian power sector. The integrated project combines 259 MWp Solar, 280 MW Wind, and 200 MWh BESS spanning Rajasthan and Gujarat, designed to deliver reliable, Firm and Dispatchable clean power aligned precisely to grid demand.

“This marks the start of India’s first Firm and Dispatchable Renewable Energy project — a defining milestone in our vision to deliver firm and dispatchable renewable power. It reflects Juniper Green Energy’s strong execution capabilities, technological depth, and commitment to shaping the future of sustainable energy. By seamlessly integrating solar, wind, and battery storage at utility scale, we are not only demonstrating India’s clean energy potential but also setting new benchmarks for reliability and innovation in the sector. FDRE is not just a project type — it is our conviction about how India will power its future,” said Ankush Malik, CEO, Juniper Green Energy Limited.

The FDRE Framework: Powering India's Grid on Demand As India's renewable energy capacity grew rapidly, grid stability became a pressing concern — solar stops generating at night and wind cannot be dispatched on demand. To bridge this gap, the Ministry of Power notified FDRE guidelines in June 2023, requiring developers to integrate solar, wind, and battery storage into a single project capable of delivering firm, scheduled power aligned precisely to Discom demand profiles. Unlike conventional renewables, FDRE is firm and dispatchable — making it, for the first time, a clean and reliable alternative to coal-based thermal generation Key Project Milestones The 259 MWp solar capacity commenced commercial operations in March 2026, while the 200 MWh BESS capacity began commercial operations in April 2026.

Delivering Clean Power When Haryana Needs It Most As temperatures soar across North India in the summer months ahead, electricity demand in Haryana is expected to touch record highs. By commissioning its FDRE project ahead of schedule, Juniper Green Energy is directly addressing this critical need — delivering firm, renewable power that is both clean and dependable.

The SJVN FDRE Tender Juniper Green Energy's FDRE project was awarded under a landmark tender floated by SJVN Limited under its SJVN FDRE Scheme, attracting India's leading renewable energy developers in a competitive reverse auction process. Juniper signed a 200 MW Power Purchase Agreement (PPA) with SJVN, which has in turn executed a back-to-back Power Sale Agreement (PSA) with Haryana Power Purchase Centre (HPPC), ensuring firm, clean renewable power to the state of Haryana. Of all the developers who successfully bid under this tender, Juniper Green Energy is the FIRST to begin commissioning and supply power.

FDRE: The Future of India’s Energy Transformation The transformative impact of FDRE on India's energy sector is multi-dimensional — enabling distribution companies to procure clean power that truly mirrors their demand patterns, while driving large-scale investment in battery storage and accelerating India's domestic storage ecosystem. Since the Ministry of Power issued FDRE guidelines in 2023, over 10 tenders aggregating more than 14 GW of FDRE capacity have been launched by central and state agencies including SJVN, NHPC, SECI and NTPC, with approximately 10 GW already under construction — representing one of the fastest-growing segments in India's utility-scale renewable energy market.

For Juniper Green Energy, FDRE represents a core pillar of its long-term strategy. The company is at the forefront of India's transition to firm and dispatchable renewable energy, actively shaping the market through advanced integration of solar, wind, and energy storage, and by leading early execution under national FDRE programs. As new tender cycles emerge across central and state agencies, Juniper is well-positioned to continue leading from the front — developing and commissioning large-scale FDRE projects, delivering reliable clean power, and setting new benchmarks in execution, innovation, and grid-ready renewable solutions in India.

About Juniper Green Energy Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects. It is headquartered in Delhi NCR since October 2018; the company has grown its operational capacity to approximately 1.66 GWp (as of Jan 14th, 2026). With expertise spanning the entire project lifecycle – from initial concept to construction and development across India – Juniper Green Energy provides energy solutions and undertakes large-scale projects, thus playing a role in India's shift towards clean energy.

Juniper Green Energy is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors including Renewable Energy, Residential and Commercial Real Estate, with a presence in India, the GCC, and Europe. Within India, the Group also operates Experion Developers, a leading real estate company focused on luxury and sustainable developments across key locations in the country.

Disclaimer JUNIPER GREEN ENERGY LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public issuance of its Equity Shares (“Issue”) and has filed the Draft Red Herring Prospectus (“DRHP”) dated June 27, 2025, with Securities and Exchange Board of India (“SEBI”) and the Stock Exchanges. The DRHP is available on the website of the Company at www.junipergreenenergy.com, SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e., ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited at www.icicisecurities.com, www.business.hsbc.co.in, www.jmfl.com and https://investmentbank.kotak.com, respectively and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section entitled “Risk Factors” on page 72 of the DRHP. Potential investors should not rely on the DRHP for making any investment decision and should instead rely on the Red Herring Prospectus, when filed, for making investment decisions This announcement is not an issue of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any other applicable law of the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (i) in the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act and (ii) outside the United States in “offshore transactions” as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made. There will be no public offering in the United States.

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

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