Form 133 Income Tax Rules 2026 pdf download and Key points
FORM NO. 133
[See rule 215(1)[Table: Sl. No. 4]]
Certificate under section 395(4) for tax collected at source
Under the new Income-tax Rules, 2026, Form No. 133 replaces the old Form 27D. It is governed by Section 395(4)(a) of the Income-tax Act, 2025, and Rule 215(1) [Table: Sl. No. 4] of the Income-tax Rules, 2026.
Here are all the key points regarding Form No. 133:
1. Purpose of the Form Form 133 is a Tax Collected at Source (TCS) certificate. It is issued by the person collecting the tax (the collector) to the person from whom the tax was collected (the collectee). It serves as official proof that the tax was collected and deposited with the Central Government, which allows the collectee to claim the corresponding TCS credit when filing their Income Tax Return (ITR).
2. Applicability and Mandatory Nature
- Who issues it: Any person responsible for the collection of tax at source under section 394(1) of the Act.
- Is it mandatory? Yes, it is the legal responsibility of the collector to issue Form 133 once the tax has been collected and deposited.
- Multiple Collectors: If a collectee has tax collected by multiple different entities, each collector must issue a separate TCS certificate quarter-wise. It applies to all TCS transactions and resident collectees.
3. Pre-requisites and Mode of Issuance
- Link to Form 143: A collector cannot generate or issue Form 133 without first successfully filing their quarterly TCS statement in Form No. 143. The certificate is generated automatically upon the processing of Form 143.
- Online Generation Only: Form 133 cannot be prepared offline or manually. It must be downloaded exclusively from the TRACES portal of the Income-tax Department. Any certificate prepared outside the TRACES system is not legally valid.
- Signing: Once downloaded, the collector must provide it to the collectee after signing it either digitally or manually.
4. Frequency and Due Dates Form 133 must be issued quarterly, strictly within 15 days from the due date of furnishing the corresponding quarterly TCS statement (Form 143). The specific deadlines are:
- Quarter 1 (Apr – Jun): 15th August of the Financial Year.
- Quarter 2 (Jul – Sep): 15th November of the Financial Year.
- Quarter 3 (Oct – Dec): 15th February of the Financial Year.
- Quarter 4 (Jan – Mar): 15th June of the Financial Year immediately following the Tax Year.
5. Structure of the Form The certificate is systematically divided into specific parts to detail the collection transaction:
- Part A (Certificate and Party Details): Captures the details of the collector (Name, Address, PAN, TAN, Contact) and the details of the collectee (Name, Address, PAN).
- Part B (Summary of Receipt): Provides a summary of the amount received/debited and the tax collected at source thereon in respect of the collectee.
- Part C (Deposit Details): Contains the detailed breakdown of the tax collected and deposited into the Central Government account, either through book adjustment (BIN details) or through challan (CIN details).
- Declaration: A mandatory verification signed by the collector.
6. Corrections, Duplicates, and Record-Keeping
- Corrections: If there is a mistake in Form 133, the collector cannot directly edit the certificate. They must file a revised quarterly TCS statement (Form 143). Once that revised statement is processed, a corrected Form 133 can be downloaded and issued to the collectee.
- Duplicate Certificates: If the collectee loses the original certificate, the collector can download and issue a duplicate from the TRACES portal, but they must clearly mention on it that it is a duplicate certificate.
- Filing ITR: The collectee is not required to attach or upload Form 133 when filing their return of income, but they must preserve it safely for their records.