Forms › Transfer Pricing & International Taxation › Form 46

Form 46 — Exercise of option for determination of Arm's Length Price (ALP)

New form Compiled — pending CBDT Appendix III cross-check G · Transfer Pricing & International Taxation

New form — no earlier equivalent. Form 46 is introduced under the Income-tax Act, 2025.

New form numberForm 46

Old form number— none (new form) —

Act 2025 reference166(9)

CategoryG · Transfer Pricing & International Taxation

Applies fromTax Year 2026-27 (from 1 April 2026)

What is Form 46?

Form 46 is the Income-tax Act, 2025 form titled “Exercise of option for determination of Arm's Length Price (ALP)”. It is a new form introduced under the Income-tax Act, 2025 with no direct equivalent under the earlier law.

It falls under the Transfer Pricing & International Taxation category and relates to Section 166 of the Act, and applies to Tax Year 2026-27 (AY 2026-27) onwards, i.e. from 1 April 2026.

A fuller plain-language explainer for Form 46, reviewed by our Chartered Accountants, is being added.

📘 Where this is written in the Act: Form 46 is governed under Section 166 of the Income-tax Act, 2025.

📖 Read Section 166 explained 🔎 Verify in the official Act (PDF)

Transitional rule — which form applies?

⚠️ Which form applies depends on the tax year the compliance relates to, not the calendar date you file. Proceedings for tax years beginning before 1 April 2026 (assessments, appeals, TDS for transactions up to 31 March 2026, and Section 89 relief for those years) continue on the old forms.

Frequently asked questions

Is Form 46 a new form?

Form 46 is a new form introduced under the Income-tax Act, 2025 with no direct equivalent under the old law. Exercise of option for determination of Arm's Length Price (ALP).

From when does Form 46 apply?

It applies to Tax Year 2026-27 (AY 2026-27) onwards, i.e. from 1 April 2026. Compliance relating to earlier tax years continues on the old forms.

Not sure which form applies to your case?

Our Chartered Accountants handle the filing end-to-end — TDS certificates, audit reports, trust/NGO compliance and more.

💬 Ask our CA on WhatsApp

This directory is compiled from official CBDT / incometax.gov.in sources and reputable references, and is being reconciled against the Gazette-notified Income-tax Rules, 2026 (Appendix III). Forms marked “compiled” are pending that final cross-check. This is general information, not tax advice.

Form 46 — Exercise of option for determination of Arm's Length Price (ALP)

What is Form 46?

Transitional rule — which form applies?

Frequently asked questions

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