Form 174 Income Tax Rules 2026 pdf download and Key points

Last Updated on: April 27, 2026

FORM NO. 174
[See rule 282(2)]
Application for notification under Schedule V [Table: Sl. No.7.Note 5(a)(iii)(D)]
(Pension Fund)

The primary objective of filing Form 174 is to claim 100% tax exemption under Schedule V of the Income Tax Act, 2025. This exemption applies to:

Dividends
Interest
Capital Gains arising from investments made in India (debt, share capital, or units).
Any other sum referred to in Section 92(2)(k) of the Act.

This form is specifically for a Pension Fund that:

Form 174 is divided into four distinct panels on the e-filing portal:

Part A (Particulars): Detailed information about the Pension Fund, including its legal status, country of residence, and PAN.
Part B (Certification): A formal declaration that the fund meets the qualifying criteria for the exemption.
Attachments: Uploading supporting legal and financial documents.
Verification: Final digital signature/verification by the authorized signatory.

To successfully use Form 174, the fund must generally demonstrate that:

It is established under the law of a foreign country.
It is not liable to tax in that foreign country or its income is exempt.
It is responsible for administering or providing retirement/pension benefits.
It does not participate in the day-to-day operations of the Indian investee (passive investment).

Submission Mode: Electronic only, via the “Forms as per Income Tax Act 2025” tab on the e-filing portal.
Verification: Must be verified using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).
Post-Filing: Once submitted, the status can be tracked under “View Filed Forms.” Successful processing results in a formal notification that grants the “exempt” status to the fund.