Quick Summary
The Income Tax Department has introduced Form 157 under the Income tax Act, 2025 to streamline compliance for certain individuals leaving India. The recently released FAQs clarify its purpose, applicability and filing process making it essential for taxpayers, professionals and compliance experts to
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Form 157 is a declaration required for individuals domiciled in India who are leaving the country, confirming they have no taxable income in India or do not require a PAN.
Individuals domiciled in India who are leaving the country, and who either do not have a PAN or do not have income chargeable to tax in India, should file Form 157.
Yes, filing Form 157 is mandatory for eligible individuals each time they leave India, unless specific exemptions are notified by the government.
Form 157 must be filed at the time of leaving India and is an event-based form, meaning it needs to be submitted for each departure.
Form 157 is currently filed manually. It must be submitted physically to the jurisdictional Assessing Officer.
Yes, corrections can be made to Form 157 either before submission or after submission by making a request to the Assessing Officer.
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