The Central Board of Direct Taxes (CBDT), on October 19, 2026, has prescribed a new information-furnishing requirement for claiming specified exemptions on interest and capital gains from Government securities.
The following has been stated:
A new Rule 281A has been inserted in the Income-tax Rules, 2026, requiring assesses claiming exemption under Schedule IV, Table Sl. Nos. 13D and 13E of the Income-tax Act, 2025, to furnish information in Form No. 173A.
Form 173A requires basic details of the assessee, including name, country of residence, address, PAN, tax year, email and contact details, along with TIN and SEBI registration number as FPI/FII, where applicable.
The form also requires details of the Government securities for which exemption is claimed, including ISIN, type and tenor of security, value of securities as on April 1 and March 31, purchases, sale consideration, interest received/accrued and capital gains. The covered securities include Treasury Bills, fixed-rate bonds, floating-rate bonds and State Development Loans.
The assessee is required to provide a declaration confirming the accuracy of the information furnished. TIN and SEBI registration details are optional for the Bank for International Settlements (BIS).
The amendment comes into force from the date of publication in the Official Gazette.
[G.S.R. 901(E).]
