Form 152 Income Tax Rules 2026 pdf download and Key points
FORM NO. 152
[see rule 223]
Intimation to the Assessing Officer under section 407(8) regarding the notice of demand under section 289 of the Act for payment of advance tax
under section 407(2)/407(5) of the Act
Under the new Income-tax Rules, 2026, Form No. 152 replaces the old Form 28A. It is governed by Sections 289 and 407 of the Income-tax Act, 2025, and Rule 222 of the Income-tax Rules, 2026.
Here are all the key points regarding Form No. 152:
1. Purpose of the Form Form 152 is used by an assessee to submit an intimation to the Assessing Officer (AO) under section 407(8) of the Act. It is filed when an assessee receives a notice of demand for advance tax (Form 151) but considers the AO’s estimate of their income or the advance tax payable to be excessive. It provides a statutory mechanism to contest excessive advance tax demands and reduce undue financial burdens.
2. Applicability and Filing Nature
- Optional Filing: Filing Form 152 is entirely optional. It is only undertaken if the assessee actively intends to dispute the AO’s demand and submit a revised, lower estimate of their income subject to advance tax.
- No Revisions Allowed: Once Form 152 is furnished, it cannot be revised. Taxpayers must take due care while preparing the revised estimate.
3. Reasons for Disputing the Demand The form requires the assessee to clearly state why they are disputing the AO’s estimate. Accepted reasons include:
- An appeal, revision, or reference is pending for the relevant tax year.
- A rectification has been filed or is proposed to be filed.
- A loss or absence of income under the head “Capital gains” during the current tax year.
- An absence of specified income like winnings from lotteries or gambling.
- Any other specific reason.
4. Structure and Details of the Form The form is structured to capture a comprehensive revised computation:
- Introductory Details: Captures reference to the original notice of demand and the date it was served.
- Head-wise Revised Estimate: The assessee must provide a revised estimate of income broken down by salaries, capital gains, house property, business or profession, and other sources.
- Business/Profession Income Details: This income must be reported separately, dividing it into profits from the assessee’s own business/profession, share of income from firm(s), and income from an association of persons (AOP) or body of individuals (BOI).
- Computation of Advance Tax: Income subject to advance tax is calculated by aggregating all heads, allowing the set-off of carried-forward losses, and applying admissible Chapter VIII deductions.
- Tax Credits: The revised estimate must account for tax deductable/collectible at source (TDS/TCS), double taxation relief, and any advance tax already paid.
- Verification: The form must be signed and verified by a person authorised to sign the income tax return (e.g., the individual assessee, a partner, or a director).
5. Specific Entity Rules
- Para 2 Applicability: Paragraph 2 of the form is required to be filled out only by individuals, unregistered firms, certain AOPs or BOIs, and artificial juridical persons.
- Registered Firms: A registered firm must submit its own estimate of advance tax payable. In addition, the individual partners of the firm must submit their respective estimates, which must include their share of income from the registered firm.
6. Key Updates in the 2026 Rules
- To make the form system-friendly for e-filing, previous anomalies have been fixed by separating the Name, Designation, Address, PAN, and Aadhaar number into distinct boxes.
- Terms like “Assessment / Financial / Previous year” have been universally replaced with “Tax year“.
- The currency symbol “Rs.” has been replaced with “₹”.
- The appended Notes form an integral part of Form 152 and contain mandatory instructions regarding authorised signatories and the treatment of agricultural income.