Form 10F is now Form 41
Form 10F is now Form 41. Same one-page form, new name under the 2025 tax law. How you file it hasn't changed.
What it does: it gets your Indian income taxed at your lower treaty rate instead of the high default (30% on NRO interest, 20% on dividends).
It's worth the effort. The gap between the 30% default and your treaty rate is money you keep every year, and all it takes is this form plus a Tax Residency Certificate (TRC), once a year.
Which one do you file? It depends on when the income was earned:
| Income earned | File this |
|---|---|
| Up to 31 March 2026 | Form 10F |
| From 1 April 2026 | Form 41 |
If your bank's form still says "Form 10F" for a 2026 payment, that's just old wording. Ask if they take Form 41.
How to file it
You file it online, once a year:
1. Get your TRC from your home country's tax office (see below).
2. Log in at incometax.gov.in with your PAN.
3. Open e-File, then Income Tax Forms, and search "Form 41".
4. Fill it in. The form asks which treaty article covers your income: interest is 11, dividends 10, capital gains 13.
5. Upload the TRC and submit.
6. Send the acknowledgement number to your bank. One filing covers every bank and fund, and your lower rate starts from the next payout.
The TRC you need first
Form 41 only works with a Tax Residency Certificate (TRC), the document that proves you're a tax resident of your country. Get it before you file, make sure it covers the same year, and renew it yearly (aim for March).
| Country | Who issues it | Covers |
|---|---|---|
| UAE | Federal Tax Authority (tax.gov.ae) | a one-year period you pick |
| USA | IRS Form 6166, via Form 8802 | the calendar year |
| UK | HMRC (certificate of residence) | the period you ask for |
| Singapore | IRAS (mytax.iras.gov.sg) | the calendar year |
| Saudi Arabia | ZATCA | the period you ask for |
| Canada | CRA (Certificate of Residency) | the period you ask for |
| Australia | ATO (Certificate of Residency) | the period you ask for |
Watch out for these
No PAN. You're taxed at a flat 20%, even when your treaty rate is lower. There's a workaround for interest and dividends (Rule 37BC) if you give your bank a TRC and your foreign tax ID, but a PAN is far less hassle. Apply with Form 49A on an Indian passport, or Form 49AA on a foreign one or OCI, now called Forms 93 and 95.
An out-of-date TRC. A 2025 certificate won't cover income from FY 2026-27. Renew it before you file.
Filing too late. File in April, before your first interest credit lands. Miss it and the bank cuts the full rate on that payment.