New Filing Rules for Sovereign Wealth Funds Under Circular 3/2026
- Document
- Circular Circular No. 3/2026
- Effective
- 01.04.2026
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Circular 3/2026 introduces mandatory forms for Sovereign Wealth Funds (SWFs) to maintain their tax-exempt status in India. This document explains the new requirement to file Form I for notification and Form II for quarterly investment reporting.
What has changed
How it worked before
Previously, there was no standardized electronic filing process for these specific forms to claim tax exemptions under the current Schedule V framework. Funds operated under older notification rules without these specific quarterly reporting obligations.
What has changed
Starting April 1, 2026, all Sovereign Wealth Funds must submit Form I to apply for tax exemption and Form II to report investments. Form II must be filed electronically within one month after each quarter ends.
Who this affects
This affects Sovereign Wealth Funds (SWFs) that invest in Indian infrastructure and seek tax exemptions on income like dividends, interest, or capital gains.
What you should do
If you are a new applicant, you must file Form I to get notified. If you are already notified, you do not need to file Form I again, but you must start filing the quarterly Form II for all your investments.
The original document
| Issued by | IT |
|---|---|
| Document | Circular Circular No. 3/2026 |
| Full title | Circular No. 3/2026 |
| Effective | 01.04.2026 |
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