Form 67: Report for adjusted total income and alternate minimum tax under section 206(2)
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Report for adjusted total income and alternate minimum tax under section 206(2).
The accountant reports adjusted total income and AMT for a person other than a company in Form 67, applying the specific deduction add-backs and the correct IFSC, co-operative or other-person category.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 29C 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 138; Section 515(3), Section 206(2). Physical PDF pp 501-502; printed Gazette pp 2033-2034.
Rule 138 — connected rule text
138. Form of report for computation of adjusted total income by certain persons other than a company. –The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(2)(j), shall be made in Form No. 67.
Completed field illustration
Fictional data, not for filing. A hypothetical ordinary LLP illustrates the adjusted-total-income bridge for AMT, using separately supplied deduction figures.
| Form field / block | Completed fictional entry |
|---|---|
| Part A: assessee / PAN / business / TY | Example Services LLP / synthetic ZZZFE0000Z / model service business / 2026-27 |
| Row 3: total income before section 206(2) | Rs 20,00,000, assumed separately computed |
| Row 4: normal income-tax | Rs 6,00,000 base tax, assumed separately computed before cess |
| Row 5: eligible Chapter VIII-C deduction added back | Rs 10,00,000; qualifying deduction under section 146 assumed supported by an independent Form 34 working |
| Row 6: section 46 deduction net of normal depreciation | Nil, no section 46 claim in scenario |
| Row 7: adjusted total income | Rs 30,00,000 |
| Row 8: category | Any other person not being a company; neither IFSC unit nor co-operative society |
| Row 9: AMT | Rs 5,55,000 base AMT at assumed ordinary 18.5% rate; surcharge/cess separate |
| Certificate / signature | MODEL ACCOUNTANT ROLE / NOT SIGNED; no audit or UDIN 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
- 20,00,000 + 10,00,000 + 0 = 30,00,000 adjusted total income.
- 30,00,000 × 18.5% = 5,55,000 base AMT.
- Normal base tax 6,00,000 exceeds model base AMT 5,55,000; final comparison must use consistent surcharge/cess treatment.
The model assumes an applicable deduction and AMT regime; it does not treat every LLP deduction as an AMT add-back. Form 66 is the distinct company MAT report. Official current rate explanation: https://www.incometaxindia.gov.in/hi/w/mat-and-amt , AMT section.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 138. 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 67 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.