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Taxation Central Ministry of Finance Income-Tax Act, 2025

Ministry of Finance issues notification regarding procedure for generation of Unique Identification Number (UIN) and Quarterly Filing of Form No. 121 (Part B) by Payers

28-Mar-2026 | Notification No. 01/CPC{TDS) /2026

Ministry of Finance issued notification regarding Procedure for Generation of Unique Identification Number (UIN) and Quarterly Filing of Form No. 121 (Part B) by Payers effective from 1st April 2026.
Key highlight are as follows: -
1. Section 393(6) allows no TDS, where the payee submits Part A of Form 121 as per prescribed rules, with mandatory PAN quoting the payer must facilitate submission of this declaration in paper or electronic form after due verification.
2. Payer must allot a UIN to every Form 121 declaration (paper or electronic) and file Part B quarterly on the income-tax portal within prescribed timelines.
Additionally, the payer must report these declarations with UIN in quarterly TDS statements, even if no tax is deducted.
3. The payer must give a 26-digit UIN to every Form 121 declaration received in a year. The UIN has 3 parts:
a) Sequence number (starts from 1, like 0000000001)
b) Tax year (e.g., 202627 for FY 2026-27)
c)Payer?s TAN - Example: 0000000001202627MUMN12345A
4. If the form is received in paper, it must be converted to digital and then UIN assigned, the sequence number runs continuously during the year and resets to 1 every new tax year for each TAN.
5. The payer must submit Part B of Form 121 with details of all declarations received (paper or electronic).

For more information kindly refer the attached document.

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