The Central Board of Direct Taxes (CBDT) on September 15, 2026, has prescribed the procedure for registration of reporting persons/entities and submission of Form No. 98 under Rule 160 of the Income-tax Rules, 2026.
The following has been stated:
Reporting persons/entities receiving declarations in Form No. 97 must furnish Form No. 98 electronically through the designated Reporting Portal.
The prescribed due dates for Form No. 98 are:
Declarations received by September 30: Form No. 98 to be furnished by October 31 of that year.
Declarations received by March 31: Form No. 98 to be furnished by April 30 of the following financial year.
Reporting persons/entities must register through the e-filing portal and obtain an Income Tax Department Reporting Entity Identification Number (ITDREIN). Existing entities registered for erstwhile Form No. 61 need not register again; their existing ITDREIN and principal officer will continue to remain valid.
Form No. 98 must be prepared using the prescribed utilities, digitally signed and uploaded through the Reporting Portal or Generic Submission Utility using the principal officer’s credentials.
In case of errors or defects, the reporting entity must submit a correction statement based on the Data Quality Report (DQR) and rectify all defects until the Reports Requiring Correction (RRC) becomes zero. Inadvertently filed reports may also be removed through a Deletion Statement.
Reporting entities are required to maintain appropriate information security, archival and retrieval policies for submitted information and related documents.
The notification is effective from September 15, 2026. Reporting for FY 2025-26 and earlier years, including corrections/deletions, will continue under the Income-tax Act, 1961 and Income-tax Rules, 1962 through Form No. 61.
[Notification No.: 3 of 2026]
