Bharat Pensioners Samaj

  Application for PAN Correction under Rule 158(12) of Income -tax Rules, 2026 – New Forms and procedure: CBDT Order dated 01.04.2026 F. No. ADG(S)-1/PAN/M/3699/2026-AD-DD SYSTEMS 1-5 DELHI Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi, 1st Apr 2026 Subject: – Order for specifying Forms and procedures in relation to furnishing Application for PAN Correction under Rule 158(12) of Income -tax Rules, 2026 read with Section 262(4) of Income-tax Act, 2025 In exercise of the powers conferred by Rule 158(12) of the Income-tax Rules, 2026, the Director General of Income-tax (Systems), specifies the following Application Forms in respect of correction of PAN alongwith related procedure and guidelines, as under: – a) PAN holders are required to fill the following Forms for Changes or Correction in PAN Data i. PAN CR-01: Request For Changes or Correction in PAN Data [For an Individual] ii. PAN CR-02: Reques...

  Form No. 121 UIN Generation – Procedure, Formats and allotment: Rules 211 of Income Tax Rules, 2026 The Form No. 121 UIN Generation process has been formally updated by the Central Board of Direct Taxes (CBDT) through Notification No. 01/CPC(TDS)/2026. This crucial notification outlines the new procedures, formats, and standards for generating and allotting a Unique Identification Number (UIN) for Form No. 121, along with guidelines for the quarterly furnishing of Part B by the payer. These changes are significant for all entities involved in tax deduction at source (TDS) and aim to streamline compliance. Understanding the Form No. 121 UIN Generation Procedure Section 393(6) of the Income-tax Act, 2025, allows for no tax deduction in specific scenarios where a declaration in Part A of Form No. 121 is provided by the payee to the payer, as per Rule 211 of the Income-tax Rules, 2026. The payer, responsible for disbursing income or sums under section 393(6), must facilitate the...