Quick Summary
Overview The introduction of Form 172 under the Income-tax Act, 2025 marks a significant compliance requirement for eligible investment funds operating in India. Replacing the earlier Form 3CEJA under the Income-tax Act, 1961, this new reporting framework aims to streamline regulatory oversight and ensure transparency in fund management structures. This form plays a critical role in helping investment funds demonstrate that their activities do not create a "business connection" in India, there
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FAQ :
Form 172 is a mandatory report filed by an accountant on behalf of an eligible investment fund in India, certifying that the fund meets specific conditions to maintain tax neutrality.
An accountant appointed by the eligible investment fund is responsible for filing Form 172 on behalf of the fund.
Form 172 must be filed by 31st October of the financial year succeeding the one it relates to.
No, the filing process for Form 172 is entirely digital and must be submitted via the Income Tax e-filing portal.
Failure to file Form 172 can lead to a penalty of Rs 1,00,000 under Section 447 of the Income-tax Act, 2025, and may result in tax scrutiny and reassessment proceedings.
No, Aadhaar is not mandatory for filing Form 172, but a Permanent Account Number (PAN) is required.
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