BusinessPhoto: NDTV BusinessCBDT Mandates Form 173A for Tax Exemption on Government Securities
The Central Board of Direct Taxes (CBDT) has mandated Form 173A for investors claiming income-tax exemptions on interest and capital gains from government securities. Introduced under the Income-tax (Seventh Amendment) Rules, 2026, effective April 1, 2026, this rule requires eligible taxpayers, including specified foreign institutional investors, foreign portfolio investors, and the Bank for International Settlements, to submit detailed information to claim exemptions under Schedule IV of the Income-tax Act, 2025.
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