Rule 138: Adjusted-total-income accountant report in Form 67
Rule 138 prescribes Form 67 for the report required under section 206(2)(j), concerning adjusted total income of the specified persons other than a company. The parent provision determines the applicable obligation and computation.
Official notified Income-tax Rules, 2026Need advice on Rule 138?
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Rule 138 - Form of report for computation of adjusted total income by certain persons other than a company
The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(2)(j), shall be made in Form No. 67.
Rule breakdown
Check the applicable adjusted-income reporting obligation
Confirm that section 206(2)(j) requires the report in the particular case. Use the current section 206 provisions and relevant exceptions when preparing the computation.
The rule’s title and form prescription should not be read as making every non-company person subject to identical reporting treatment.
Use Form 67 and the defined accountant
The prescribed report is Form 67, made by an accountant as defined in section 515(3)(b).
Provide the income computation, relevant adjustment schedules and supporting records to the reporting accountant.
Reconcile the report with the return
Check that the reported adjusted total income is consistent with the parent-section calculation and the return. Retain the completed report and filing record.
Read the current Act and official filing instructions for timing and submission requirements; this one-paragraph rule does not set a separate calendar deadline.
Key takeaways
Form 67
The prescribed adjusted-total-income report.
Distinct from company Form 66
Use the form tied to the correct parent provision.
Eligibility remains in the Act
The form alone does not establish applicability.
Practical checklist
- Establish the applicable reporting obligation.
- Reconcile adjusted-income figures.
- Keep the report and filing evidence.
Avoid
- Do not select a form based only on a familiar form number from an earlier rules framework.
FAQs
Which form is prescribed for section 206(2)(j)?
Form 67.
Is this the same report as company Form 66?
No. Rule 137 prescribes Form 66 for section 206(1)(s); Rule 138 prescribes Form 67 for section 206(2)(j).
Who makes the report?
An accountant as defined in section 515(3)(b).
Glossary
- Form 67
- The accountant report form prescribed for section 206(2)(j).