The notification mandates that payers assign a 26-character UIN to each declaration received from payees seeking non-deduction of tax, comprising a sequence number, tax year, and payer’s TAN. It requires digitization of paper declarations and maintenance of a continuous sequence, reset annually. The payers also must furnish Part B of Form No. 121 quarterly on the e-filing portal, irrespective of whether tax has been deducted.
(Link: Income Tax Notification 01/2026 CPC(TDS) Dated 28/03/2026)