Income-tax Rules, 2026

Rule 85Report from an accountant to be furnished under section 172

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026

(1)The report from an accountant, as defined in section 515(3)(b), required to be furnished under section 172 by every person who has entered into an international transaction or a specified domestic transaction during a tax year, shall be in Form No. 48 and be verified in the manner indicated therein.

(2)The report referred to in sub-rule (1) shall be furnished at least one month prior to the due date of furnishing return of income as per section 263(1)(c).

This rule refers to

§ 172 Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction

§ 263 Return of income.

§ 515 Appearance by authorised representative