Draft Income Tax Rule 67 to 72 – Forms, Reports & Certificates Under Sections 144, 146, 147(4)(a), 151(5), 151(6), 152(5) & 152(6) of the Act
Extracts of Rules 67 to 72 of the Draft Income-tax Rules, 2026 prescribe structured documentation and certification requirements for claiming deductions under sections 144 to 152 of the Act. Rule 67 mandates that assessees claiming deduction under section 144 furnish particulars regarding amounts credited to the Special Economic Zone Reinvestment Allowance Reserve Account and their utilisation in Form No. 33 along with the return of income. Rule 68 requires the accountant’s report under section 146(3)(c) to be filed in Form No. 34, while Rule 69 mandates that the report under section 147(4)(a) be furnished in Form No. 35. Under Rule 70, an assessee claiming deduction under section 151 must submit a certificate in Form No. 36 along with the return, duly verified by the person responsible for making payment. Rule 71 specifies that for section 152(5), the prescribed authority shall be the Controller referred to in section 2(1)(b) of the Patents Act, 1970, and the certificate must be furnished in Form No. 37. Rule 72 provides that for sections 151(6) and 152(6), the prescribed authority shall be the Reserve Bank of India or another authorized authority regulating foreign exchange transactions, and the certificate must be submitted in Form No. 38. Collectively, these provisions standardize compliance and verification mechanisms for specified deductions.
Extract of Rule No. 67, 68, 69, 70 and 71, 72 of Draft Income-tax Rules, 2026
Rule 67
Form of particulars to be furnished along with return of income for claiming deduction under section 144 of the Act.
The particulars, which are required to be furnished by the assessee along with the return of income regarding the amount credited to Special Economic Zone Reinvestment Allowance Reserve Account and utilisation of the said amount shall be in Form No. 33
Rule 68
Furnishing of report under section 146 of the Act.
Report of an accountant which is required to be furnished by the assessee under section 146(3)(c) along with the return of income shall be in Form No. 34
Rule 69
Report of accountant to be furnished under section 147(4)(a) of the Act.
The report of the accountant, which is required to be furnished by the assessee under section 147(4)(a), shall be in Form No. 35
Rule 70
Form of certificate to be furnished under section 151(5) of the Act.
(1) For the purposes of claim of deduction under section 151, the assessee shall be required to furnish a certificate in Form No. 36 along with the return of income.
(2) The certificate in Form No. 36 shall be duly verified by the person responsible for making the payment to the assessee,
Rule 71
Prescribed authority and form of certificate to be furnished under section 152(5) of the Act.
For the purposes of section 152(5),-
(a) the prescribed authority shall be the Controller referred to in section 2(1)(b) of the Patents Act, 1970 (39 of 1970).
(b) the assessee shall be required to furnish a certificate in Form No. 37 from the prescribed authority along with the return of income.
Rule 72
The prescribed authority and form of certificate to be furnished under section 151(6) and section 152(6) of the Act.
For the purposes of section 151(6) and section 152(6),-
(a) the prescribed authority shall be the Reserve Bank of India or another authorized authority under current laws regulating foreign exchange transactions; and
(b) the certificate shall be furnished in Form No. 38
