Forms ‐ Frequently Asked Questions

What is Form No. 127 and its purpose? What are the different parts of the Form No. 127? Who is required to furnish Form No. 127? What is the duty of seller once the declaration has been submitted by the buyer? Is filing of Form No. 127 mandatory? Is PAN mandatory for filing of Form No. 127? What is the time limit for furnishing Form No. 127 to the seller? Can Form No. 127 be furnished electronically? Can a mistake in Form No. 127 be amended or rectified? Can a declaration once filed be withdrawn? Are the sellers required to report the transactions on which tax is not collected as a result of receipt of a declaration? You need to login to view the answer
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