Form 4 Income Tax Rules 2026 pdf download and Key points

Last Updated on: April 21, 2026

Form 4 Income Tax Rules 2026 pdf download and Key points

FORM NO. 4
[See rule 12]
Income attributable to assets located in India under section 9(10)(a)

Under the Income-tax Rules, 2026, Form No. 4 replaces the erstwhile Form 3CT. It is governed by Section 9(10) of the Income-tax Act, 2025 (replacing the old Section 9(1)), and Rule 11 of the Income-tax Rules, 2026.

Here are all the key points regarding Form No. 4:

1. Purpose of the Form Form 4 is a mandatory report furnished by an Accountant regarding the calculation of income attributable to the transfer of assets located in India.

2. Applicability (Who Should File)

Who Files: It must be filed by an Accountant whom the taxpayer has specifically appointed for this purpose.
Target Taxpayer: It applies to taxpayers who have earned income attributable to the transfer of assets located in India.
Is it Mandatory? Yes, filing Form 4 is strictly mandatory if the income generated from the transfer is chargeable to tax in India.

3. Frequency and Due Dates

Frequency: The form must be filed once in a tax year.
Due Date: It must be filed along with the Return of Income, meaning the statutory due date for filing the income tax return applies to this form as well, depending on the specific taxpayer’s profile.

4. Structure of the Form The form captures comprehensive details and is divided into distinct sections:

Part A (Particulars of the Person): A standard template capturing basic details of the taxpayer, including Name, Address, PAN, Email ID, and Contact Number.
Part B (Other Information): Captures the core financial data, including the company/entity-wise breakup of the consideration received for the transfer of shares/interest, the income derived from such transfer, the value of the assets located in India, the value of global assets, and the specific method employed to arrive at the asset valuation.

5. Mandatory Documents Required To successfully file Form 4, the following documents must be gathered and attached:

Communication addresses, emails, and phone numbers of the taxpayer.
A formal Valuation Report detailing the valuation of the assets.
Financial statements of the taxpayer.
Legal and financial documents related to the sale/transfer of the asset(s).

6. Consequences of Non-Compliance If a taxpayer fails to file Form 4, it can lead to formal proceedings for the assessment of income against them under the provisions of the Income-tax Act, 2025.

7. Key Updates in the 2026 Rules

Tabular Structure: The old form (Form 3CT) utilized a confusing row-wise format with numerous sub-rows. The new Form 4 introduces sub-tables and a clear tabular structure to provide better clarity on the information being filed.
Standardized Fields: It incorporates system-friendly anomalies fixes, such as separating Name, Designation, Address, and PAN into different boxes.
Terminology: The term “previous year” or “assessment year” has been universally replaced with “tax year”. All sections and clauses have been strictly aligned with the new Income-tax Act, 2025.

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Form 4 Income Tax Rules 2026 pdf download and Key points

Form 4 Income Tax Rules 2026 pdf download

Form No.4– Frequently Asked Questions

Guidance Note on Form 4