Form 29: Certificate concerning prescribed production levels after amalgamation
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Certificate concerning prescribed production levels after amalgamation.
The principal officer of the amalgamated company certifies production particulars, and an accountant separately verifies attainment and continuation under Rule 60.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 62 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 60; Section 116(4), Section 515(3). Physical PDF pp 377-378; printed Gazette pp 1909-1910.
Rule 60 — connected rule text
60. Conditions for carrying forward or set -off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation.– (1) The conditions referred to in section 116(4)(b)(iii) shall be the following:— (a) the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation, shall– (i) achieve the level of production of at least 50% of the installed capacity of the said undertaking before the end of four years from the date of amalgamation; and (ii) continue to maintain the said minimum level of production till the end of five years from the date of amalgamation; and (b) the amalgamated company shall furnish to the Assessing Officer a certificate in Form No. 29, duly verified by an accountant as defined in section 515(3)(b), with reference to the books of account and other documents showing particulars of p roduction, along with the return of income for the relevant tax year during which the prescribed level of production is achieved and for subsequent relevant tax years falling within five years from the date of amalgamation. (2) For the purposes of sub -rule (1)(a), the Central Government, on an application made by the amalgamated company, may relax the condition of achieving the level of production or the period during which the same is to be achieved, or both, in suitable cases having regard to the genuine efforts made by the amalgamated company to attain the prescribed level of production and the circumstances preventing such efforts from achieving the same. (3) For the purposes of this rule, "installed capacity" means the capacity of production existing on the date of amalgamation;
Completed field illustration
Fictional data, not for filing. A model production certificate tracks a hypothetical amalgamation through its complete five-year continuation period.
| Form field / block | Completed fictional entry |
|---|---|
| Amalgamated company / PAN | Example Manufacturing Ltd / synthetic ZZZCE0000Z |
| Amalgamating company / PAN | Example Components Ltd / synthetic ZZZCE0001Z |
| Address / business / contact | 10 Model Road, Pune / pump manufacturing / production@example.invalid |
| Row 12: installed production capacity at amalgamation | 10,000 units per year |
| Row 14: amalgamation date | 1 April 2026, assumed |
| Row 15: achieved at least 50% capacity? | Yes, in assumed records |
| Row 16: date achieved | 31 March 2027; first-year output 5,500 units |
| Row 17: continuation through five years | Assumed outputs: 2027-28 6,000; 2028-29 6,500; 2029-30 7,000; 2030-31 7,200 units; each exceeds 5,000 |
| Certificate period / model date | Year ending 31 March 2031 / 15 April 2031 - hypothetical future example using the 2026 form |
| Principal-officer declaration / accountant verification | Both model roles; NOT SIGNED; no professional or authority conclusion is issued |
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
- 50% × 10,000 = 5,000 units.
- All five assumed annual outputs are at least 5,000 units.
This is not evidence that any actual amalgamation qualifies for loss transfer. Check the form/rule version and every statutory amalgamation condition for a real event.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 60. 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 29 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.