The Income Tax Department has issued detailed FAQs on the newly introduced Form 092, a quarterly reporting form applicable to specified funds and stock brokers dealing with non-resident clients.
Here are the key questions and answers explained in simple terms
Q1. What is Form 092?
Form 092 is a quarterly statement that must be filed by specified funds and stock brokers for reporting details of non-resident clients. The form is prescribed under Rule 157 of the Income-tax Rules, 2026.
It includes information such as:
- Name of non-resident client
- Country of residence
- Contact details
- Tax Identification Number (TIN)
- Other identification details, where applicable
The move is aimed at strengthening transparency and compliance in transactions involving non-residents.
Q2. Who is required to file Form 092?
The following entities are required to file Form 092:
- Specified Funds
- Stock Brokers dealing with non-resident clients
Any reporting entity covered under Rule 157 must comply with this quarterly filing requirement.
Q3. What are the due dates for filing Form 092?
Form 092 has to be filed within 15 days from the end of every quarter.
| Quarter | Period | Due Date |
|---|---|---|
| Q1 | April - June | July 15 |
| Q2 | July - September | October 15 |
| Q3 | October - December | January 15 |
| Q4 | January - March | April 15 |
Timely filing is important to avoid future compliance issues.
Q4. How can Form 092 be filed?
The form must be submitted online through the Income Tax e-Filing portal.
After login, taxpayers can navigate through:
e-File → Income Tax Forms → File Income Tax Forms → Form 092
The filing process is completely digital.
Q5. What documents need to be uploaded with Form 092?
Entities are required to upload:
- Annexure A-1 containing declarations received from non-resident clients.
No additional supporting documents are required while filing the form.
Q6. Is PAN or Aadhaar mandatory for non-resident clients?
No. PAN or Aadhaar of the non-resident client is not mandatory.
However:
- PAN of the specified fund or stock broker is compulsory.
- Aadhaar details of the filer must be provided where applicable.
This clarification is expected to ease compliance for foreign investors and overseas clients.
Q7. What details of non-residents need to be reported?
The form requires the following information:
- Name
- Email address
- Mobile/contact number
- Country or territory of residence
- Address in that country
- Tax Identification Number (TIN), if available
- Unique identification number, if TIN is unavailable
These disclosures help authorities maintain proper reporting records for international transactions.
Q8. What if the non-resident does not have a Tax Identification Number (TIN)?
If the non-resident client does not possess a TIN, the reporting entity can provide:
- A unique identification number issued by the government of that country.
This provides flexibility in reporting foreign clients from different jurisdictions.
Q9. Who must verify and sign Form 092?
The form must be verified and signed by the authorised signatory of the specified fund or stock broker.
The signatory confirms that:
- Information furnished is true and correct
- He/she is authorised to submit the form
Q10. Can multiple non-resident clients be reported in one Form 092?
Yes. The Income Tax Department has clarified that:
- All non-resident clients dealt with during the quarter can be included in a single Form 092 filing.
This simplifies the compliance process for reporting entities handling multiple overseas clients.
Q11. How can taxpayers check whether Form 092 has been accepted?
After successful submission:
- An acknowledgement number is generated on the e-Filing portal.
- Taxpayers can track status under:
e-File → Income Tax Forms → View Filed Forms
The status may appear as:
- Submitted
- Under Processing
- Accepted
- Defective (if any issues are found)
Any updates or defect notices will also be communicated through registered email ID and mobile number.
Conclusion
The introduction of Form 092 marks another step towards strengthening reporting standards for non-resident transactions in India’s financial ecosystem. With the release of detailed FAQs, the Income Tax Department has clarified key compliance requirements, helping specified funds and stock brokers better understand filing procedures, due dates, and documentation rules.
Entities dealing with overseas investors should review the new reporting framework carefully and ensure timely quarterly compliance to avoid future notices or procedural complications.
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