Statements, returns and reporting Became Form 27

Form 5C

Details of amount attributed to capital asset remaining with the specified entity

What this form is

Form 5C belongs to the regime of the Income-tax Act, 1961. The same ground is now covered by Form 27 of the Income-tax Rules, 2026. It is a schedule of particulars — figures and facts set out in the department’s prescribed order so that they can be checked against each other. The assessee signs and files this himself.

Which provision requires it

Neither side of the department’s description names a section or a rule, so there is nothing here we can point at without guessing. The enabling provision is on the form itself.

What it became under the 2026 Rules

The department carried the description across word for word; only the number moved.

Under the 2026 Rules	What the department calls it
Form 27	Details of amount attributed to capital asset remaining with the specified entity (the wording is unchanged)

Where you meet it

You meet it as a recurring obligation with a date attached, generally unconnected to any tax being payable. Because nothing is owed, it is the one that gets forgotten, and the penalty for not filing runs by the day.

Near it

Other forms we have put in the same group — statements, returns and reporting.

Form 3AF, Form 3BB, Form 10, Form 10BBD, Form 10BD, Form 10IG, Form 10IH, Form 10II, Form 10IK, Form 26AS, Form 46, Form 47

Get the form

Published by the Income Tax Department. The link goes to their file, not a copy of it — a form is revised without notice and a stale copy is worse than none. Both are here because a notice, an order or a judgment may name either number.

Form 5C — 1962 Rules (PDF) Fillable version Form 27 — 2026 Rules (PDF) All forms at the department

What here is the department’s and what is ours. The form number, the sentence describing it, and the pairing of the old form with the form it became are all taken from the Income Tax Department’s own published forms concordance, and are reproduced as the department wrote them — including its abbreviations and its occasional typing errors. Everything else on this page is ours: the plain-English account of what the form is, the reading of which provision requires it, the grouping the form sits in, the note on where you meet it, and the selection of cases. The department has not said that this form serves that section; we have read that off the description and off its own section concordance, and we can be wrong. Before you rely on any of it, open the form.