The Income Tax Department has clarified the requirements relating to Form 69, which is mandatory for specified funds seeking concessional taxation under Section 210(2) of the Income-tax Act, 2025 . The form is required to be filed annually by eligible funds such as Category III AIFs, retail funds, and ETFs to report income attributable to non-resident unit holders (excluding permanent establishments in India). Filing must be completed electronically within the due date prescribed for return filing, and the form must be verified by the Principal Officer or Managing Trustee. It requires detailed disclosures, including annexures on income from securities and capital gains, along with supporting documents such as registration certificates, financial statements, and investor details. Non-filing or incorrect filing results in denial of concessional tax benefits. The revised format improves clarity, simplifies verification, and enhances compliance by standardising reporting and aligning disclosures with statutory provisions and computation mechanisms.
Income Tax Department
Ministry of Finance, Government of India
FAQs on Income Tax Form 69: Statement of income of a specified fund eligible for concessional taxation under section 210(2) of Income Tax Act, 2025
Form 69 – Frequently Asked Questions
Form for filing statement of income of a Specified fund eligible for concessional taxation
under section 210(2) of the Income-tax Act’ 2025
| Name of form as per I.T. Rules, 1962 | Form 10-IH | Name of form as per I.T. Rules, 2026 | 69 |
| Corresponding section of I.T. Act, 1961 | Section 115AD (1A) | Corresponding section of I.T. Act, 2025 | section 210(2) |
| Corresponding Rule of I.T. Rules, 1962 | Rule 21AJ | Corresponding Rule of I.T. Rules, 2026 | 140 |
Q1. What is Form 69 ?
Ans: Form 69 is the prescribed form for filing statement of income of a specified fund which is eligible for taxation at concessional rates under section 210(2) of the Income-tax Act’ 2025 (“ITA 2025”). Income of a specified fund (i.e. a fund certified as Category III Alternate Investment Fund, Retail fund or Exchange Traded Fund) which is attributable to units held by non-resident (not being a permanent establishment of a non-resident in India), as calculated in the manner prescribed in the Rue 140, is eligible for taxation at concessional rates, under these provisions. However, to claim the benefit of concessional taxation, the specified fund is required to fine an annual statement of such income in this Form.
Q2. Who should file Form 69?
Ans: The specified fund is required to file this form to claim the benefit of concessional taxation in respect of income which is attributable to units held by a non-resident (not being the permanent establishment of such non-resident in India), under section 210(2) of the ITA 2025.
Q3. Who is required to verify the Form 69?
Ans. The Principal Officer/Managing Trustee of the specified fund, seeking to claim the benefit of concessional taxation under the aforesaid provisions, is required to verify the correctness of information provided in the Form, as also that provided in its Annexures. He is further required to affirm that the eligibility conditions for claiming such benefit, as stipulated in Schedule VI [Note 1(g)(i)] of the ITA 2025 are satisfied by the specified fund.
Q4. Where and how the Form 69 is required to be filed?
Ans: The Form 69 shall be filed electronically on the e-filing portal of Income-tax Department. The form shall be duly verified, either under digital signature or through electronic verification code, by the Principal Officer/Managing Trustee of the specified fund.
Q5. What is the time limit for filing Form 69?
Ans: The statement of income of specified fund, which is eligible for the benefit of taxation at concessional rates under section 210(2) of ITA 2025, is required to be filed in Form 69 electronically on or before such “due date” for filing return of income prescribed under section 263(1)(c) of the ITA’ 2025, as may apply for the specified fund claiming the tax rate benefit. This time limit is specified in the relevant rule.
Q6. What documents are required to file Form 69?
Ans: The following documents may be required while filing Form 69, –
> A copy of Trust deed, or Memorandum of Association, or any other legal instrument evidencing the formation of the fund
> Certificate of registration issued by the IFSC
> Annual financial statements of the fund for the relevant tax year
> Statement of securities (held during the year and transactions executed) issued by the Broker/Custodian
> Details of Unit Holders with number of units held by them and their classification by residency status i.e. resident or non-resident
Q7. Is Form 69 mandatory?
Ans: Filing of a valid Form 69 within the specified time limit, is a mandatory condition for making an admissible claim of taxation at concessional rates by a specified fund, in respect of income which is attributable to units held by a non-resident (not being the permanent establishment of such non-resident in India), under section 210(2) of the ITA 2025.
Q8. Can I edit Form 69 after submission?
Ans: No. Once Form 69 is validly submitted, after verification by the Principal Officer/Managing Trustee of the specified fund, and acknowledgment is generated, it cannot be edited. Please ensure that all details are correct before final submission.
Q9. Do I need to attach any document with the Form 69?
Ans: The following documents are mandatory to be attached, as required in Part B of the Form 69, in the detailed format as given in the Form-
> Annexure 1– Details of income from securities as referred to in section 210(1) [Table Sl. No. 1]
> Annexure 2– Detail of capital gains arising on transfer of securities as referred to in section 210(1) [Table Sl. No. 2 to 5]
> Copy of registration certificate of the fund
Q10. While filling Part A and Part B, can I leave any field blank?
Ans:
> PAN of the Specified Fund is mandatory. Name and complete address thereof shall be pre-filled, which can be updated by the user. Status is pre-filled.
> An updated Email address and Mobile number would ensure faster communication and verification; therefore it is recommended to provide it.
> Details of registration of the specified fund are mandatory fields.
> Details of income eligible for concessional taxation in Part B are to be taken as per the relevant columns of Annexures 1 and 2.
Q11. What if the specified fund does not have a PAN?
Ans: Form 10-IH cannot be submitted without a valid PAN of the specified fund, as also a valid PAN of the Principal Officer/Managing Trustee verifying the Form.
Q12. Can Form 69 be filed offline?
Ans: No. Form 69 can only be submitted online through the Income Tax e-Filing portal.
Q13: Why is Form 69 important?
Ans: Filing of a valid statement of exempt income in Form 69 within the specified time limit is a mandatory compliance for claiming the benefit of taxation at concessional rates by the specified fund, in respect of income which is attributable to units held by a non-resident (not being the permanent establishment of such non-resident in India), under section 210(2) of the ITA 2025. However, the claim is further subject to fulfillment of various other eligibility conditions, as prescribed in the statute and relevant rules.
Guidance Note on Income Tax Form 69: Statement of income of a specified fund eligible for concessional taxation under section 210(2) of of Income Tax Act, 2025
Annual Statement of income of a specified fund eligible for concessional taxation under section 210(2) of the ITA 2025
Purpose
Form 69 is the form prescribed under Rule 140 of the Income Tax Rules. In this Form, a specified fund is required to furnish an annual statement of income, attributable to the units held by non-residents (not being permanent establishment of such non-residents in India), which is eligible for taxation at concessional rates under section 210(2) of the ITA 2025.
Filing of this Form is a mandatory compliance for a specified fund, so as to claim the benefit of concessional rate of taxation, in respect of the income attributable to units held by such non-residents.
This form provides columns for furnishing information relating to identity particulars of the specified fund, details of its registration, and computation of income attributable to non-resident unit holders, which is eligible for taxation at concessional rates.
Who Should File
A specified fund seeking the benefit of taxation at concessional rates, in respect of the eligible income attributable to non-resident unit holders, section 210(2) of the ITA 2025, is mandatorily required to furnish the statement of such income in Form 69.
When and How to File
> The form is to be filed on the e-filing portal.
> The form shall be furnished electronically either under digital signature or through electronic verification code verified by the Trustee or the Principal Officer of the specified Fund.
> The e-form is required to be furnished by such specified Fund on or before the “due date” for filing the Return of Income under Section 263 of the ITA 2025.
Structure of Form 69
> Identity particulars of the specified fund, viz. Name, address, legal status and PAN of the Fund.
> Relevant Tax Year
> Details of registration of the fund
> Computation of income of specified fund eligible for concessional taxation
> Computation of income from securities held (viz. dividend, interest etc.), eligible for concessional taxation, as per Annexure 1
> Computation of long-term or short-term capital gains, arising from transfer of securities, eligible for concessional taxation, as per Annexure 2
> Verification by the declarant
What are the documents required to file the Form 69
Following documents may be required for filing Form 69, –
> A copy of Trust deed, or Memorandum of Association, or any other legal instrument evidencing the formation of the fund
> Certificate of registration issued by the IFSC
> Annual financial statements of the fund for the relevant tax year
> Statements of securities (held during the year and transactions executed) issued by the Broker/Custodian
> Details of Unit Holders with number of units held by them and their classification by residency status i.e. resident or non-resident
What is the process flow of filing Form 69?
The process flow includes following steps:
> Prepare the application: Fill Form 69 alongwith the Annexures, ensuring all columns are complete with accurate details.
> Attach mandatory documents.
> Sign/verify: The statement, its Annexures, and the attached statements must be signed or digitally signed by the Trustee or the Principal officer of the Fund. > Submit online on the e-filing portal.
Outcome of Processed Form 69:
> Once the Form 69 is validly filed by the specified fund, on or before the due date of filing return of income, and is successfully processed, the fund shall be able to claim the benefit of taxation at concessional rates, in respect of income attributable to units held by the non-residents ((not being permanent establishment of such non-residents in India)
Key updates include the following:
> Declaration part of the Form has been substituted by Verification, and language thereof has been simplified.
> Instead of reiterating the eligibility conditions required to be fulfilled, for taxation of income attributable to non-resident unit holders, at concessional rates under section 210(2) of the ITA 2025, only reference to the relevant statutory provision has been mentioned in the Verification part.
Improved Applicant Experience, Expedited Process:
> The language of the Form has been simplified.
> In new Form, Annexure 1 relates to computation of income from securities and Annexure 2 relates to computation of capital gains arising from transfer of securities. This re-sequencing has been done to align the Form with the sequence followed in the section 210 of the ITA 2025.
> The columns relating to computation of income eligible for concessional taxation have also been similarly re-sequenced.
