New Delhi, July 7 -- The income tax department has introduced Form 68 under the Income-tax Act, 2025 for filing statement of exempt income and claiming tax benefit on income attributable to eligible non-resident investors.

The form is not meant for individual taxpayers. Instead, it applies to specified investment funds that seek exemption under Section 11 read with Schedule VI (Table, Serial Nos. 1 to 4) of the Income-tax Act, 2025, and forms part of the compliance requirements under the new tax law.

Form 68 is an annual statement of exempt income that specified funds are required to file to claim exemption on income attributable to units held by non-resident investors. It is a mandatory condition for making a valid claim for this exemp...