Form No 2 of IT Rules 2026: Zero Coupon Bond Approval Application

Ayush | Last updated: 24 March 2026

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Form 2, under Rule 7 of the Income-tax Rules 2026, is essential for infrastructure companies, funds, and public sector entities seeking to notify Zero Coupon Bonds (ZCBs) with the Central Government. This notification is a prerequisite for ZCBs to receive special tax treatment on their discount. The form requires detailed information about the applicant, the proposed bond, and a comprehensive investment plan, ensuring compliance with tenure, investment, and listing requirements.

Form 2 is prescribed under Rule 7 of the Income-tax Rules and is used by: Infrastructure capital companies Infrastructure capital funds Infrastructure debt funds Public sector companies to apply for notification of a Zero-Coupon Bond (ZCB) under Section 2(112) of the Income-tax Act,2025 (

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