CBDT notifies Form 173A to claim exemption (File Photo)
\n\nThe Central Board of Direct Taxes (CBDT) has introduced Form 173A under the Income-tax Rules, 2026, prescribing additional reporting requirements for taxpayers seeking tax exemptions on interest income and capital gains from government securities. The new form requires eligible investors to provide detailed information about their identity, securities holdings, investment transactions and income earned during the relevant tax year. The disclosures are intended to document the securities and income for which tax exemption is being claimed.
\n\nThe Ministry of Finance notified the changes through the Income-tax (Seventh Amendment) Rules, 2026. The amended rules came into effect on October 19, 2026, following their publication in the Official Gazette.
\n\nThe new reporting framework requires investors to furnish information on government securities held during the tax year, along with details of purchases, sales, interest income and capital gains.
\n\nThese disclosures could require eligible taxpayers to maintain more detailed records and ensure that their tax filings are consistent with their securities transaction data.
\n\nForm 173A Part A: Personal And Registration Details
\n\nThe first section of Form 173A focuses on identifying the taxpayer and establishing their eligibility for the exemption. Investors must furnish the following information:
Original source: https://www.timesnownews.com/business-economy
