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The Economic Times

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CBDT mandates new disclosures for tax-free gains on govt securities

The Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to provide detailed information on government securities to qualify for these exemptions. Newly inserted Form 173A will require specific data, including securities value and interest earned. Taxpayers are asked to confirm the accuracy of the information they submit. This change aims to enhance transparency and compliance under the Income-Tax Act.

20 Oct 2026 11:45 pm