Banks, post offices and other entities that collect declarations from customers who don't quote a PAN have new reporting rules. Under the Income-tax Rules, 2026, they file statements in Form No. 98, the successor to the old Form No. 61. The procedure is set out in Notification No. 3 of 2026 by the Directorate of Income Tax (Systems), effective September 2026.
Who must file
Under Rule 160, the persons in clauses (a) and (b) of sub-rule (2) who receive a declaration in Form No. 97 for any transaction listed in the Table in Rule 159 must file a statement in Form No. 98.
Due dates
| Declarations received by | File Form 98 by |
|---|---|
| 30 September | 31 October of the same year |
| 31 March | 30 April of the next financial year |
Form 98 is filed online to the designated server.
Step 1: Register and get an ITDREIN
- Log in to the e-filing portal with the entity's ITR login.
- Under Pending Actions, click Reporting Portal.
- Enter the form type, category, address and principal officer details.
- An ITDREIN (Income Tax Department Reporting Entity Identification Number) is generated, and the principal officer gets email and SMS confirmation.
Already registered for Form 61? No need to register again. Your ITDREIN and principal officer stay valid, and the principal officer acts as the Designated Director for verifying Form 98. An ITDREIN can't be deactivated once created.
Step 2: Prepare and upload Form 98
- Download the schema, Report Generation and Validation Utility and Generic Submission Utility from the Resources tab on the Reporting Portal.
- Digitally sign the statement and upload it on the Reporting Portal, or through the Generic Submission Utility, using the principal officer's PAN login.
Corrections and deletions
- Correction statement: if you find errors, or receive a Data Quality Report (DQR), fix them until the "Reports Requiring Correction (RRC)" count is zero within the set time. The DQR can be downloaded from the Statements tab and opened in the utility.
- Deletion statement: to remove reports filed by mistake, file them in one "Deletion Statement" with the exact values filed earlier.
Records and security
Entities must document and follow information security and archival and retrieval policies, so that reported data and documents can be produced promptly when asked.
Old years
Reporting for FY 2025-26 and earlier, including corrections and deletions, continues on Form No. 61 under the old rules.
