Form 1: Monthly statement by a stock exchange for transactions in which client codes were modified after registration in the system
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Monthly statement by a stock exchange for transactions in which client codes were modified after registration in the system.
The recognised stock exchange furnishes the monthly modified-client-code statement to the Director General of Income-tax (Systems). Its principal officer makes the declaration.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 3BB is a concordance, not permission to change an earlier-year filing into a new-law form. For earlier periods, use the applicable 1961 Act form and saved procedure.
Controlling rule and source pages
Rule 4; Section 2(92). Physical PDF pp 278-279; printed Gazette pp 1810-1811.
Rule 4 — connected rule text
4. Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange under section 2(92).– For the purposes of section 2(92), a stock exchange shall fulfil th e following conditions in respect of trading in derivatives:- (a) the stock exchange shall have the approval of the Securities and Exchange Board of India established under the Securities and Exchange Board of India Act, 1992 (15 of 1992) in respect of tra ding in derivatives and shall function in accordance with the guidelines or conditions laid down in this behalf by the Securities and Exchange Board of India; (b) the stock exchange shall ensure that the particulars of the client (including unique client i dentity number and Permanent Account Number) are duly recorded and stored in its databases; (c) the stock exchange shall maintain a complete audit trail of all transactions (in respect of cash and derivative market) for a period of seven tax years on its system; (d) the stock exchange shall ensure that transactions (in respect of cash and derivative market) once registered in the system are not erased; (e) the stock exchange shall ensure that the transactions (in respect of cash and derivative market) once registered in the system, are modified only in cases of genuine error; and (f) the stock exchange shall maintain data regarding all transactions (in respect of cash and derivative market) registered in the system which have been modified and submit a month ly statement in Form No. 1 to the Director General of Income -tax (Systems), within fifteen days from the last day of each month to which such statement relates.
Completed field illustration
Fictional data, not for filing. A fictional recognised exchange reports one genuine client-code correction for September 2026.
| Form field / block | Completed fictional entry |
|---|---|
| Reporting month | September 2026 |
| Name of stock exchange | Example Recognised Exchange Ltd (fictional) |
| Address | 10 Model Road, Pune, Maharashtra 411001, India |
| PAN | ZZZCE0000Z - synthetic, not a valid filing identity |
| Principal officer / capacity | Anita Rao / Compliance Officer - model role |
| Annexure market | Cash market; derivative markets: no modifications in this example |
| Transaction ID / broker ID | EX-260915-001 / BR-001 |
| Original client code, name and PAN | C-101 / Arun Shah / ZZZPS0000Z (synthetic) |
| Modified client code, name and PAN | C-110 / Aruna Shah / ZZZPS0001Z (synthetic) |
| Scrip name / code | Example Manufacturing Ltd / EXM001 |
| Quantity / rate / transaction value | 100 / Rs 250 / Rs 25,000 |
| Buy or sale / date | Buy / 15 September 2026 |
| Declaration place / date / signature | Pune / 10 October 2026 / NOT SIGNED |
This illustrates the named fields, not every possible schedule. Use the complete official extract for additional applicable fields, annexures and verification. “Not signed” means no professional certification or authority action has occurred.
Reconcile the example
- 100 × 250 = 25,000.
- Monthly report example prepared within fifteen days from 30 September; target 15 October 2026.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 4. An authority-issued order is not an applicant filing.
- Collect the records that support the actual fields in the example; keep any mandatory schedules and annexures specified in the complete source form.
- Reconcile dates, amounts, units and identifiers to the underlying records. Preserve the applicable rule version and any later correcting notification.
- Where the rule prescribes electronic furnishing, use the current official utility/schema and authorised verification. A local PDF does not produce a portal acknowledgement.
- Retain the submitted version, supporting schedules and actual acknowledgement or issued certificate/order, as applicable. This fictional model supplies none of those evidential outcomes.
Download the correct documents
Official Form 1 source extract Filled sample — fictional field illustration
The official extract preserves source pages; later amendments are supplied with affected forms. Read the April corrigendum where its printed-page corrections apply. The filled field illustration is an educational model and cannot be filed.
Primary sources
Questions readers ask
Does this sample prove approval, filing or a professional conclusion?
No. It completes the named fields using synthetic facts. It has no real signature, DSC, approval or acknowledgement.
Can I use the legacy form number for a current tax-year obligation?
Establish the governing period first. A predecessor number is a cross-reference; earlier-year procedures and current-year forms must be kept distinct.