Form 164 Income Tax Rules 2026 pdf download and Key points
Form 164 Income Tax Rules 2026 pdf download and Key points
FORM NO. 164
[See rule 236]
Statement to be furnished under section 507 by a person carrying on production of a cinematograph film or engaged in specified activity or both
Under the new Income-tax Rules, 2026, Form No. 164 replaces the old Form 52A. It is governed by Section 507 of the Income-tax Act, 2025, and Rule 236 of the Income-tax Rules, 2026.
Here are all the key points regarding Form No. 164:
1. Purpose of the Form Form 164 is a mandatory annual statement designed to ensure tax transparency and traceability in the entertainment, media, and event management sectors. It facilitates the identification and verification of income earned by professionals, artists, and technicians, supporting data-driven compliance monitoring by the Income Tax Department.
2. Applicability (Who Should File)
- Eligible Entities: It must be filed by any individual, partnership firm, LLP, company, or entity engaged in the production of a cinematograph film or any “specified activity”.
- Specified Activities: This includes event management, sports events, documentary production, OTT/TV program production, performing arts, or similar notified activities. Even organizing a single sports event triggers the requirement to file.
- Co-producers: A co-producer must also file Form 164 for their share of the project if they incurred production expenses or made payments to persons engaged in the activity.
- Mandatory Filing: The form must be filed for every tax year a project is undertaken, even if the film or activity is incomplete during that year. Furthermore, filing is mandatory even if no single payment crosses the reporting threshold.
3. Reporting Threshold and Exclusions
- ₹50,000 Limit: The form is designed to capture details of aggregate payments exceeding ₹50,000 per payee made to persons engaged in the production or activity, along with applicable TDS details. Payments below this amount do not need to be reported.
- No GST Details: Form 164 captures only income-tax-related information; GST reporting is not required.
4. Frequency and Due Dates
- Frequency: It is an annual statement filed for each Tax Year.
- Due Date: It must be filed within 60 days from the end of the tax year.
5. Structure of the Form The form has been streamlined into three structured parts to ensure clarity and digital compatibility:
- Part A (Particulars of the Producer/Organizer): Captures Name, PAN, address, contact details, residential status, the relevant tax year, and the Tax Deduction and Collection Account Number (TAN). TAN is mandatory if the filer is liable to deduct tax at source.
- Part B: Captures the separate details of each film or specified activity undertaken.
- Part C: Explicitly links and reports the corresponding payment details for each specific film or activity.
6. Mode of Filing and Process Flow
- Online Submission: The statement must be prepared and furnished electronically through the Income-tax Department’s e-Filing portal.
- Authentication: It must be digitally verified by the authorized signatory.
- Tracking: Upon submission, an acknowledgment number is generated, allowing the taxpayer to track the status (e.g., Submitted, Under Processing, Accepted, or Defective) via the portal.
7. Key Updates in the 2026 Rules
- Better Data Linkage: Previous ambiguity in linking payments to specific projects has been resolved by explicitly mandating this linkage in Part C.
- System-Friendly Formatting: Anomalies from grouping fields have been corrected by separating the Name, Designation, Address, and PAN into distinct boxes.
- Standardized Terminology: References have been strictly aligned with the 2025 Act, utilizing structured digital fields to improve accuracy and replacing old terminology with the standard “tax year“.
Form 164 Income Tax Rules 2026 pdf download
Form No.164– Frequently Asked Questions
Guidance Note on Form 164
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Form 164 Income Tax Rules 2026 pdf download,
Form 164 Income Tax Rules 2026 ,
what is Form 164 Income Tax ,
Form 164 Income Tax act 2025,
Form No. 164 income tax replaces the old Form 52A