Rules 2026s.254

Rule 154 of the Income-tax Rules, 2026

Rule 154 — Form of information under section 254(1). Made under s.254 of the Income-tax Act, 2025.

Where this rule sits

Rule 154 gives effect to Section 254 of the Income-tax Act, 2025. A rule cannot go beyond the section it serves: where the two seem to differ, the section governs.

← Rule 153 · Rule 155 →

What this rule does

The rule prescribes the form of the information under section 254(1). That information shall be furnished in Form No. 87.

Why it is there

Section 254(1) requires information to be furnished but does not say in what shape. The rule settles that with a single prescribed form, so the same particulars are received in the same order in every case and nothing turns on how a particular filer chose to set the information out.

Who it applies to

A person required to furnish the information under section 254(1)

The forms it prescribes

Form No. 87 — information required to be furnished under section 254(1)

What this means in practice

The rule does one thing: it names the form. Who must furnish the information, what triggers the obligation and by when it must be furnished are not in this rule and have to be read from section 254(1) itself. Furnishing the same particulars in a letter or in some other format does not answer a requirement that the information shall be furnished in Form No. 87.

Where you meet this rule

You meet it at the point where section 254(1) requires information to be given, in Form No. 87; there is nothing else in the rule to comply with.

The words themselves

The information under section 254(1) shall be furnished in Form No. 87.

Rule 154, Income-tax Rules, 2026.

What people get wrong

Furnishing the information in a letter or a covering note. The rule requires Form No. 87.
Looking to the rule for the time limit or the trigger. It prescribes only the form; the obligation is section 254(1)'s.

What this page does not tell you. It does not reproduce the rule. Everything above was written from the rule’s own text as the Income Tax Department publishes it — the text is here. A rule is subordinate legislation: it prescribes the method, the form or the period, and it cannot enlarge the charge the section imposes. Where a figure matters, read the sub-rule it comes from.