The Income Tax Department has proposed major changes to income-tax forms ahead of the new Income-tax Act, 2025, which will take effect from April 1.
The draft Income-tax Rules introduce a complete renumbering of tax forms to make compliance simpler, clearer and more consistent for taxpayers, professionals and institutions.
The move aims to replace decades-old form numbers that had become confusing over time.
Officials and tax experts say the new structure will reduce duplication, improve clarity and make filings easier to track.
Contents
Why the Income Tax Forms Are Being Renumbered
Over the years, tax forms were added in phases, leading to overlapping numbers and unclear reporting requirements.
The new draft rules introduce a fresh numbering system designed to align better with digital filing, real-time data matching and advanced analytics.
While the change is expected to improve accuracy and efficiency, it will require quick system updates by employers, tax consultants, corporates and software providers to avoid disruption.
Key Changes in Audit and Tax Reporting Forms
Several widely used audit and international tax forms have been merged or renumbered under the new proposal.
Tax audit reports currently filed using Forms 3CA, 3CB and 3CD will now be combined under a single Form 26.
Transfer pricing audit reporting will move from Form 3CEB to Form 48.
Minimum Alternate Tax certification will shift from Form 29B to Form 66.
MAT applies at 15 percent of book profits for companies whose regular tax liability is lower than this threshold, as per Section 115JB.
Updates to Residency, TDS and Return Forms
Applications for Tax Residency Certificates will move from Form 10FA to Form 42.
DTAA-related disclosures will now be filed using Form 41 instead of Form 10F.
TDS and withholding-related forms have also been renumbered.
Applications for lower or nil TDS will be filed under Form 128, while salary TDS certificates will move to Form 130.
Periodic TDS returns have been reassigned as well.
Form 24Q for salaried payments becomes Form 138, Form 26Q for resident payments becomes Form 140, and Form 27Q for non-residents becomes Form 144.
TCS returns will shift from Form 27EQ to Form 143.
Other Important Form Renumbering
The annual tax statement commonly known as Form 26AS will now be called Form 168.
The Statement of Financial Transactions will move from Form 61A to Form 165.
Foreign remittance reporting will also change.
The declaration form 15CA becomes Form 145, while the CA certificate form 15CB shifts to Form 146.
What This Means for Taxpayers
Experts believe the new structure will lead to simpler return filing, clearer valuation rules for income and perquisites, and better standardisation across the tax system.
However, taxpayers and professionals will need to familiarise themselves quickly with the new form numbers to ensure smooth compliance once the Income-tax Act, 2025 comes into force.