Form 87 Income Tax Rules 2026 pdf download and Key points

CA Satbir Singh — Wed, 22 Apr 2026 14:26:53 +0000

Form 87 Income Tax Rules 2026 pdf download and Key points

FORM NO. 87
[See rule 154]
Information to be furnished to the Income-tax authority under section 254 of the Income-tax Act, 2025 ( 30 of 2025)

Under the Income-tax Rules, 2026, Form No. 87 is a statutory form used to furnish specific information to the Income-tax authority.

Here are the key points regarding Form No. 87 based on the provided sources:

1. Governing Law Form 87 is governed by Section 254 of the Income-tax Act, 2025, and is officially prescribed under Rule 154 of the Income-tax Rules, 2026.

2. Purpose of the Form The primary purpose of the form is to officially report foundational details and information regarding an assessee’s business or profession to the tax department.

3. Structure and Contents of the Form The form is systematically divided to capture specific operational details of the assessee:

Part-A (Personal Information of Business/Profession): Captures the core identity of the entity, explicitly requiring its Name, Address, Permanent Account Number (PAN), and Contact details (including a Mobile number with Country Code and an Email ID).
Part-B (Nature of Business/Profession and Other Details): Requires the explicit disclosure of the Nature of Business or Profession and the exact Year in which the business was started.

(Note: The provided sources only contain the introductory sections of Form 87. Therefore, any subsequent parts, mandatory annexures, or specific due dates for filing this form are not available in the current excerpts).