Proposed Income-tax (Seventh Amendment) Rules, 2026 · G.S.R. 901(E)

4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]

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MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 19th October, 2026

INCOME-TAX

G.S.R. 901(E).— In exercise of the powers conferred by section 533 read with section 11 and Schedule IV of the Income-tax Act, 2025 (30 of 2025), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 2026, namely: —

1. (1) These rules may be called the Income-tax (Seventh Amendment) Rules, 2026.

• (2) They shall come into force on the date of their publication in the Official Gazette.

2. In Income-tax Rules, 2026, —

• (a) after rule 281, the following rule shall be inserted, namely: —

“281A. Information to be furnished under Schedule IV (Table: Sl. Nos. 13D and 13E).-

For the purposes of claiming exemption under Schedule IV (Table: Sl. Nos. 13D and 13E), the assessee shall be required to furnish information in Form No. 173A.”;

• (b) after Form 173, the following Form shall be inserted, namely: —

“FORM NO. 173A

[See Schedule IV (Table: Sl. Nos. 13D and 13E) of the Income-tax Act, 2025]

Information to be furnished for claiming exemption on interest and capital gains from Government securities

PART A: (Basic Information)

1. | (i) | Name | (Refer Note 1) (ii) | Country of Residence | (iii) | Address in the Country of Residence/ Headquarters | (Refer Note 2) (iv) | Permanent Account Number (PAN) | (v) | Tax Identification Number (TIN) in country of residence | (Refer Note 4) (vi) | SEBI Registration Number as FPI/FII | (Refer Note 4) (vii) | Tax Year for which the exemption is claimed | (viii) | Email Id: | (ix) | Contact Number | Country code | Number | PART B: (Details of exempt income claimed on government securities) 2 | A | (i) | International Securities Identification Number (ISIN) | (ii) | Type of Government securities (Select one) | a. Treasury Bills b. Fixed Rate bonds c. Floating Rate bonds d. State Development Loans (SDLs) e. Others (please specify) (iii) | Tenor | (iv) | Total value of securities as on 1st April | (Refer Note 3) | (v) | Value of securities purchased during the year | (Refer Note 3) (vi) | Sale consideration of securities sold during the year | (Refer Note 3) (vii) | Total value of securities as on 31st March | (Refer Note 3) (viii) | Gross amount of interest received/accrued during the tax year | (Refer Note 3) (ix) | Capital gains earned during the tax year | (Refer Note 3) | B | Repeat if required Declaration I certify that all the above information is true to the best of my knowledge and belief and is in accordance with the provisions of Schedule IV (Table: Sl. Nos. 13D and 13E) of the Income-tax Act, 2025(30 of 2025). Date: Place: Signature Name of the Principal officer:

Notes:

1. The name shall be provided in full.

2. The address shall include

• i. Country/Specified territory,

• ii. Flat/Door/Building,

• iii. Road/Street/ Block/Sector,

• iv. PIN/ZIP Code,

• v. Town/Area/locality,

• vi. District,

• vii. State

3. Amounts to be filled in ₹ unless otherwise provided.

4. The details in 1(v) and (vi) is optional for Bank for International Settlements (BIS).”.

[No. 137/2026 /F. No. 370142/35/2026-TPL]
KRITIKA JAIN, Under Secy.

Note: The Income-tax Rules, 2026 were published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 198(E), dated the 20th March, 2026 and last amended vide notification G.S.R. 871(E), dated the 8th October, 2026.

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