Section 115G → Section 129
Return of income not to be filed in certain cases (NRIs)
Quick Answer
Section 115G of the Income Tax Act, 1961 (Return of income not to be filed in certain cases (NRIs)) corresponds to Section 129 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 115G
Section 115G of the 1961 Act sets out the rules on return of income not to be filed in certain cases (nris). Exempts an NRI from filing an ITR in India if their only income is investment income/LTCG under this chapter, and proper TDS has been deducted.
From 1st April 2026, the same subject sits at Section 129 of the Income-tax Act, 2025 — retained and renumbered as Section 129 of the Income-tax Act, 2025. Retained. Massively reduces compliance burden for passive foreign investors.
For Section 115G, the practical impact is rated High. Reduces redundant ITR filings.
Sec 115G
Provision Summary
Exempts an NRI from filing an ITR in India if their only income is investment income/LTCG under this chapter, and proper TDS has been deducted.
Sec 129
Provision Summary
Retained. Massively reduces compliance burden for passive foreign investors.
Key Changes & Highlights
- Portal automatically drops non-filing notices for PANs marked with this NRI TDS status.
Related Sections
Frequently Asked Questions
What is Section 115G of the Income Tax Act, 1961 about?
Section 115G of the Income Tax Act, 1961 covers return of income not to be filed in certain cases (nris). Exempts an NRI from filing an ITR in India if their only income is investment income/LTCG under this chapter, and proper TDS has been deducted.
Which section replaces Section 115G in the Income-tax Act, 2025?
Section 115G of the Income Tax Act, 1961 maps to Section 129 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Massively reduces compliance burden for passive foreign investors.
What is the impact of the change to Section 115G under the new tax code?
The transition impact for Section 115G is rated High. Reduces redundant ITR filings.
What should I watch out for when Section 115G moves to the 2025 code?
Portal automatically drops non-filing notices for PANs marked with this NRI TDS status. These points are specific to Section 115G (Return of income not to be filed in certain cases (NRIs)).
Disclaimer: This mapping of Section 115G (Return of income not to be filed in certain cases (NRIs)) to Section 129 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 115G is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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