Notification no. 1, dated 30-03-2026
Section 393(6) of the Income-tax Act, 2025 provides for no deduction of tax in certain cases wherein a declaration in Part A of Form No. 121 is furnished by the payee to the payer as per Rule 211 of the Income-tax Rules, 2026.
The person responsible for paying any income or sum of any nature referred to in section 393(6) (“payer”) shall enable the payee to furnish the declaration either in paper form or in electronic form after due verification through an electronic process. The declarant shall mandatorily quote its PAN in the declaration in Part A of Form No. 121 (Form 15G & Form 15H as per Income-tax Rules, 1962) in accordance with the provisions of section 397 of the Income-tax Act 2025.
A Unique Identification Number (UIN) shall be allowed by the payer to each declaration received in paper or in electronic form. The Central Board of Direct Taxes (CBDT) issued a notification prescribing the procedure, formats and standards for generation and allotment of UIN in respect of declarations furnished in Part A of Form No. 121.
As per the notification, the payer is required to allot a 26-character UIN to each declaration received, whether in paper or electronic form. The UIN comprises three components:
(a) Sequence Number—Ten alphanumeric characters beginning with the letter “D” followed by nine digits
(b) Tax Year—Six digits representing the tax year for which the declaration is furnished;
(c) Tax Deduction and Collection Account Number (TAN) of the payer.
Illustration – UIN to be allotted by the payer (TAN: MUMN12345A) to the first declaration (Part A of Form No. 121) received by him for Tax Year 2026—27 shall be, “D000000001202627 MUMN12345A”
Further, when declarations are received in physical form, the payer must digitise them and generate UINs accordingly. The payer is also mandated to furnish Part B of Form No. 121, containing details of such declarations, within the prescribed timelines in the specified format on the income-tax e-filing portal. The notification shall be applicable with effect from 1 April 2026.
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