CBDT notifies Form 173A for govt securities tax exemptions
In short
CBDT has notified a new Form 173A for tax exemption claims on government securities. Reports say eligible foreign investors and BIS must disclose their holdings, interest income and capital gains.
This matters because people and investors who want the exemption will now have a new filing step. The reports do not say when the first filings are due or how many taxpayers are affected.
What the reporting says
CBDT notified Form 173A for taxpayers seeking exemptions on government securities under the Income-tax Act, 2025, according to publisher-supplied reporting. The form requires eligible foreign investors and BIS to disclose security holdings, interest income and capital gains, and another report says taxpayers claiming exemptions under Schedule IV, Table entries 13D and 13E must file it under the Seventh Amendment Rules, 2026. The immediate effect is new compliance requirements, while the reporting does not say when filings begin.
Why it matters
CBDT’s new Form 173A adds disclosure requirements for claiming exemptions tied to government securities under the Income-tax Act, 2025. The reports say eligible foreign investors and BIS must disclose security holdings, interest income and capital gains, and that taxpayers using Schedule IV, Table entries 13D and 13E must file the form under the Seventh Amendment Rules, 2026. The reporting does not state implementation timing beyond the notification itself.