Rule 154: Form 87 for information under section 254(1)
Rule 154 prescribes Form 87 for the information referred to in section 254(1). It is a form requirement and must be read with the current parent section for the nature and scope of the information power.
Official notified Income-tax Rules, 2026Need advice on Rule 154?
This article is for general information. Read the official Rules and applicable Act amendments, including the Taxation and Other Laws (Amendment) Act, 2026. If you need professional advice for your situation, contact Bizeneed.
On this page
Bare law
Rule 154 - Form of information under section 254(1)
The information under section 254(1) shall be furnished in Form No. 87.
Rule breakdown
Connect the request to the correct provision
Identify the section 254(1) requirement or communication and the information it concerns.
The prescribed form does not by itself establish that every information request is made under this provision.
Use the prescribed Form 87
The information under the cited provision is furnished in Form 87. Check the current official form and complete the applicable particulars accurately.
Do not substitute a similarly numbered form from an earlier rules framework without verifying the current instrument.
Retain the request and furnishing record
Keep the underlying communication, completed form, supporting records and evidence of furnishing. Read the Act and applicable official directions for the recipient, method and timing.
This one-sentence rule does not state a standalone calendar deadline or every condition governing the parent power.
Key takeaways
Form 87
The rule prescribes the form for section 254(1) information.
Parent section controls scope
The form requirement is only one part of the framework.
Practical checklist
- Identify the correct statutory communication.
- Use the current official Form 87.
- Retain accurate supporting records.
Avoid
- Do not infer that every information request uses this form.
FAQs
Which form does Rule 154 prescribe?
Form 87.
Does it specify a separate calendar deadline?
Its text specifies the form, not a standalone calendar deadline.
Can the form requirement replace analysis of section 254(1)?
No. The parent section supplies the scope and applicable conditions.
Glossary
- Form 87
- The prescribed form for information under section 254(1).