The Income Tax Department has released the Draft Income-Tax Forms, 2026, comprising an extensive set of 190 draft forms designed to streamline and modernise various compliance, reporting, certification, and approval processes under the Income-tax Act, 2025. The draft forms, detailed in the document titled Draft Income Tax Forms 2026, cover a wide spectrum of activities including stock exchange reporting, scientific research approvals, assessment procedures, international taxation, transfer pricing, audit requirements, capital gains computation, sector-specific incentives, PAN/TAN applications, and reporting obligations for financial and non-financial institutions.
The forms range from Form No. 1, which prescribes the monthly statement to be furnished by stock exchanges on modified client codes, to Form No. 190, which provides for approval of mutual funds investing in eligible public issues. The compilation includes applications for approvals under various sections, audit reports relating to preliminary expenses and book profits, certificates for scientific research activities, declarations for donations, and detailed reporting formats for affordable housing projects, semiconductor fabrication units, agricultural extension projects, and skill development initiatives. It further incorporates specialised forms relating to non-profit organisations, charitable or religious institutions, provident funds, superannuation funds, and pension funds.
A comprehensive set of forms has also been proposed for international taxation and transfer pricing, including certificates of residence, foreign tax credit statements, the filing of information by international groups, Safe Harbour applications, Advance Pricing Agreements, and annual compliance reports. The draft further includes detailed reporting formats for specified financial transactions, reportable accounts, valuation of assets, electoral trusts, business trusts, venture capital funds, and investment funds. Several forms address compliance requirements such as quarterly statements of tax deducted or collected at source, challan-cum-statements for digital asset transfers, and certificates for lower or nil deduction of tax.
In addition, the draft forms include updated applications for PAN and TAN, covering Indian citizens, foreign citizens, domestic entities, and foreign entities. They also provide formats for assessment-related notices, refund applications, remittance information for non-residents, and certificates pertaining to advance tax, royalty income, slump sale transactions, production levels in amalgamated companies, and disability-related deductions.
The publication of the Draft Income-Tax Forms 2026 aims to promote transparency, standardisation, and ease of compliance for taxpayers and institutions. Stakeholders—including taxpayers, professionals, businesses, and industry bodies—are invited to review the forms and submit their suggestions. The Department will finalise the forms after examining the feedback received, following which they will be formally notified.
For Complete Draft Form 01 to Form 190 along with List of Form: LIST OF FROM , COMPLETE FORM 01 TO 190
