New Reporting Norms: Draft Form 166 to Capture Detailed Account & TIN Information

Last updated: 02 March 2026

The Income-tax Department has introduced Draft Form No. 166 prescribing the format for filing the Statement of Reportable Account under Section 508(1) of the Income-tax Act, 2025. The proposed form lays down a comprehensive reporting structure for financial institutions and other reporting entities

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Category Income Tax   Report

Comment   Share
  2766 Views
Comments

Recent News :

  1. Foreign Contribution (Regulation) Amendment Bill, 2026: Key Changes in Foreign Funding Rules Explained
  2. Corporate Laws Amendment Bill 2026: Major Changes to LLP & Companies Act Explained
  3. FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary
  4. New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha
  5. ITR Refund Delays in FY 2025-26: Over 27 Lakh Returns Still Pending Despite High Processing Rate
  6. Health Insurance Premiums Cross Rs 1.2 Lakh Crore in FY25
  7. Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings
  8. Lok Sabha Passes Finance Bill 2026 with 32 Amendments
  9. Income Tax Scam Alert: Fake Email on Return Filing Compliance Exposed
  10. Govt Clarifies LPG Refill Booking Rules: No Change in Timelines, Rumours Debunked

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Browse by Category