Form 27: Details of amount attributed to a capital asset remaining with a specified entity
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Details of amount attributed to a capital asset remaining with a specified entity.
The specified entity furnishes the attributed amount and remaining-asset details, supported by the valuer’s report, under Rule 50.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 5C 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 50; Section 67(10), Section 72(5), Section 265, Section 263(1). Physical PDF pp 373-373; printed Gazette pp 1905-1905.
Rule 50 — connected rule text
50. Attribution of income taxable under section 67(10) to capital assets remaining with the specified entity, under section 72.– (1) For the purposes of section 72(5), the amount chargeable to income-tax as income of specified entity under section 67(10), shall be attributed to capital asset remaining with the specified entity in the manner provided in this rule. (2) Where the aggregate of the value of money and the fair market val ue of the capital asset received by the specified person from the specified entity, in excess of balance in his capital account, chargeable to tax under section 67(10) relates to revaluation of any capital asset or valuation of self -generated asset or self -generated goodwill, of the specified entity, the amount attributable to the capital asset remaining with the specified entity for purpose of section 72(5) shall be– A= B*(C/D). Where,– A= the amount attributable to the capital asset remaining with the specified entity for purpose of section 72(5); B= amount charged under section 67(10); C= increase in, or recognition of, value of the asset remaining with the specified entity, because of revaluation or valuation; and D= aggregate of increase in, or recognition of, value of all assets because of the revaluation or valuation. [PDF PAGE 40] 1572 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (3) Where the aggregate of the value of money and the fair market value of the capital asset received by the specified person from the specified entity, is in excess of the balance in his capital account, charged to tax under section 67(10) does not relates to revaluation of any capital asset or valuation of self -generated asset or self -generated goodwill, of the specified entity, the amount charged to tax under section 67(10) shall not be attributed to any capital asset for the purposes of section 72(5). (4) Irrespective of anything contained in sub -rule (2) or sub -rule (3), where the aggregate of the value of money and the fair market value of the capital asset received by the specifi ed person from the specified entity, in excess of balance in his capital account, charged to tax under section 67(10) relate only to the capital asset received by the specified person from the specified entity, the amount charged to tax under section 67(10 ) shall not be attributed to any capital asset for the purposes of section 72(5). (5) The specified entity shall furnish the details of amount attributed to capital asset remaining with the specified entity in Form No. 27. (6) The person who is authorised to verify the return of income of the specified entity under section 265 shall verify Form No. 27. (7) Form No. 27 shall be furnished on or before the due date referred to in section 263(1)(c) for the tax year in which the amount is chargeable to tax under section 67(10). (8) For the purposes of this rule,– (a) the amount chargeable to tax under section 67(10) shall relate to revaluation of any capital asset or valuation of self-generated asset or self-generated goodwill, of the specified entity, if the revaluation is based on a valuation report obtained from a registered valuer as defined in rule 56 (f); (b) the specified entity shall not be entitled for the depreciation on– (i) the increase in value of an asset on account of its revaluation; or (ii) the recognition of the value of a self -generated asset or self -generated goodwill, due to its valuation; and (c) the expressions "self-generated asset" and "self-generated goodwill" shall have the meanings respectively assigned to them in section 67(11)(b).
Completed field illustration
Fictional data, not for filing. A fictional specified entity attributes an already-computed section 67(10) amount to one remaining capital asset.
| Form field / block | Completed fictional entry |
|---|---|
| Row 1: specified entity / address / PAN | Example Partners / 10 Model Road, Pune / synthetic ZZZFE0000Z |
| Row 2: tax year | 2026-27 |
| Row 3: amount taxable under section 67(10) | Rs 10,00,000, assumed separately computed |
| Row 4: remaining capital asset | Model factory land; not self-generated; long term, assumed |
| Book value / revalued value | Rs 20,00,000 / Rs 30,00,000 |
| Amount attributed / total attributed | Rs 10,00,000 / Rs 10,00,000 |
| Row 5: valuer name / registration | Example Valuer - model role / MODEL-REG-027, not real |
| Row 6: valuation report | Model annexure V-27, common valuation date 1 October 2026 |
| Declaration | Authorised partner model; 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
- 30,00,000 − 20,00,000 = 10,00,000 valuation increase.
- Single-asset attribution total equals the assumed taxable amount, Rs 10,00,000.
The section 67(10) charge is an input; a revaluation gain alone does not prove that charge. Apply Rule 50 attribution conditions to actual events.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 50. 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 27 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.