CBDT Notifies Income-tax (Seventh Amendment) Rules, 2026; Introduces New Form for Tax Exemption Claims:

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance (Department of Revenue) has introduced certain significant amendments to the Income-tax Rules, 2026, vide Notification No. G.S.R. 901(E), dated October 19, 2026.

The revised rules will be called the Income-tax (Seventh Amendment) Rules, 2026, effective from the date of publication of the notification in the Official Gazette, i.e., October 19, 2026.

The following are the changes notified to the Income Tax Rules 2026:

In the said rules, after Rule 281, "281A. Information to be furnished under Schedule IV (Table: Sl. Nos. 13D and 13E)" will be added.

Similarly, after Form 173, a new form has been added (to access the complete form, download the notification). This form seeks information to be submitted by taxpayers to avail tax exemption on interest and capital gains derived from government securities.

Part A of the form requires basic information such as name, country of residence, address in the country of residence/headquarters, Tax Identification Number (TIN) in the country of residence, SEBI Registration Number as FPI/FII, tax year for which the exemption is claimed, email ID and contact number. Part B of the form seeks details such as International Securities Identification Number (ISIN), Type of Government securities (Select one), Tenor, Total value of securities as of 1st April, value of securities purchased during the year and others.

Refer to the official notification for complete information.