Income Tax Rules 2026: New Reporting Requirements for Government Securities Exemption Claims

Last updated: 27 October 2026

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The Ministry of Finance has introduced new Income Tax Rules for 2026, effective from their publication date. These amendments, specifically Rule 281A, introduce new reporting requirements for individuals claiming exemptions on government securities. Assessees must now furnish specific information in Form No 7A to benefit from these exemptions.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th October
INCOME-TAX

G.S.R. (E).— In exercise of the powers conferred by section 533 read with section and Schedule IV of the Income-tax Act, 2025 (30 of 2025), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 2026, namely: ––
(1) These rules may be called the Income-tax (Seventh Amendment) Rules, 2026.
(2) They shall come into force on the date of their publication in the Official Gazette.In Income-tax Rules, 2026, ––
(a) after rule 281, the following rule shall be inserted, namely: ––
“281A. Information to be furnished under Schedule IV (Table: Sl. Nos. 13D and 13E).-
For the purposes of claiming exemption under Schedule IV (Table: SI. Nos. 13D and 13E), the assessee shall be required to furnish information in Form No 7 A ”;

FAQ :

The new Income Tax Rules 2026 introduce updated reporting requirements for claiming exemptions on government securities.

These rules come into effect on the date of their publication in the Official Gazette.

Rule 281A has been inserted into the Income-tax Rules, 2026, detailing the information to be furnished.

Assessees are required to furnish information in Form No 7A for claiming exemption under Schedule IV (Table: Sl. Nos. 13D and 13E).

The rules are made in exercise of powers conferred by section 533 read with section and Schedule IV of the Income-tax Act, 2025.

Notification No : 137 /2026 IT
Source : https://www.incometaxindia.gov.in/documents/d/guest/notification-no-137-2026-pdf

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