Upload of Form No. 127 Declarations for June 2026 – Important Compliance Reminder

Businesses dealing in specified goods should be aware of the monthly compliance requirement relating to Form No. 127 under the Income-tax Rules, 2026. Where a seller receives declarations from eligible buyers during June 2026, the prescribed particulars must be uploaded within the stipulated timeline to ensure compliance and avoid unnecessary tax issues.

What is Form No. 127?

Form No. 127 is a declaration furnished by a resident buyer to a seller under Section 394(2) of the Income-tax Act, 2025, stating that the specified goods purchased will be used for:

• Manufacturing;

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• Processing;

• Production of articles or things; or

• Generation of power,

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and not for trading purposes.

Upon receipt of a valid declaration, the seller is not required to collect Tax Collected at Source (TCS) on the specified transaction. The declaration is governed by Rule 212 of the Income-tax Rules, 2026. (Income Tax India)

Due Date for Uploading June 2026 Declarations

Where Form No. 127 declarations are received from buyers during June 2026, the seller is required to upload the particulars of such declarations on or before 7 July 2026 through the Income-tax Department's e-filing portal using the TAN login. (Income Tax India)

Seller's Compliance Responsibilities

The seller should ensure that:

• The declaration is received from the buyer on or before the date of the transaction.

• The buyer has correctly furnished all mandatory details, including PAN.

• Monthly particulars of all declarations received are uploaded by the prescribed due date.

• Appropriate records of the declarations are maintained for future verification and audit purposes. (Income Tax India)

Important Points to Remember

• Form No. 127 replaces the earlier Form 27C under the Income-tax Rules, 1962.

• The declaration is applicable only where the goods are intended for manufacturing, processing, production, or generation of power, and not for trading.

• PAN is mandatory. A declaration without a valid PAN is not valid for claiming exemption from TCS.

• Once furnished, the declaration cannot be amended or withdrawn through the prescribed process. (TaxGuru)

Why Timely Upload Matters

Failure to upload Form No. 127 declarations within the prescribed time may lead to compliance issues during departmental verification and could affect the seller's ability to justify non-collection of TCS on eligible transactions. Maintaining proper documentation and timely filing helps ensure smooth tax compliance.

Conclusion

Businesses dealing in specified goods should establish an internal process to collect, verify, and upload Form No. 127 declarations promptly every month. Timely compliance reduces the risk of disputes and strengthens documentation for future assessments.

For expert guidance on this topic, contact your tax professional today.

EXCERPT: Sellers receiving Form No. 127 declarations during June 2026 must upload the prescribed particulars by 7 July 2026 to remain compliant.

SEO_TITLE: Form No. 127 Upload Due Date for June 2026

SEO_DESCRIPTION: Upload Form No. 127 declarations received in June 2026 by the due date. Stay compliant with TCS rules. Contact a tax professional today.