Income Tax Department issued a notification regarding exemption on Interest Income and Capital Gains from Government Securities

Oct 28, 2026 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Income Tax Department on October 27, 2026, issued a notification regarding exemption on Interest Income and Capital Gains from Government Securities.

The following has been stated: -

•The Central Board of Direct Taxes (CBDT) has proposed the Income-tax (Seventh Amendment) Rules, 2026, introducing Rule 281A and a new Form 173A under the Income-tax Rules.

•The proposed amendments prescribe the procedure for furnishing information to claim exemption on interest income and capital gains arising from Government securities under Schedule IV of the Income-tax Act, 2025.

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