Form 121-contradictory opinions

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14 April 2026 I have observed two contradictory opinions on eligibility to file Form 121 under new IT Act 2025.
1]Mr Ashok Kumar has written to a query that form 121 cannot be filed if the incomtax libility is NIL
2]Today Mr.Dhirajlal Rambhia has informed that to file form 121, tax liability should be zero.

Please clear the confusion if my observation is wrong

M.A.Rasheed

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 April 2026 Form 121 is common replacement of old Forms 15G & 15H.....

For Declarant (Individual/HUF):
Check eligibility:
o Resident individual or HUF/trust (not a company/firm) whose final tax liability is nil for the year.
o Total income (including interest and whatever income subject to TDS) should be such that expected tax liability is NIL.
o Valid PAN is mandatory.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 April 2026 For details Refer:: https://www.incometaxindia.gov.in/documents/d/guest/fn-121

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