search-open mobilesearch
Do not have an account?
Already have an account?
  1. Form 1 SWF User Manual
  2. Form 1 SWF User Manual

Form 1 SWF User Manual

1. Overview

Form I SWF is filed by a sovereign wealth fund to avail 100% tax exemption to their dividend, interest, any sum referred to in section 92(2)(k) of Income Tax Act, 2025 and capital gains arising from under an investment made by a specified person in India, whether in the form of debt or share capital or unit.

2. Prerequisites for availing this service

  • Taxpayer is registered at e-filing portal.
  • Taxpayer has valid Username (PAN) and Password of E-filing 2.0 portal
  • Status of PAN of the Taxpayer is "Active" as per PAN database
  • Taxpayer should have a valid DSC to verify form through DSC Mode. It should be registered at e-filing portal & not expired.
3. About the Form

3.1 Purpose

Objective of filing this form is to avail 100% tax exemption to their dividend, interest, any sum referred to in section 92(2)(k) of Income Tax Act, 2025 and capital gains arising from under an investment made by a specified person in India, whether in the form of debt or share capital or unit.

3.2 Who can use it?

Form I SWF is filed by a sovereign wealth fund - as per Schedule V [Table: Sl. No.7.Note 5(a)(ii)(G)] of the Income-tax Act, 2025. A sovereign wealth fund which is specified by the Central Government, by notification for this purpose and fulfils the conditions specified in such notification

3.3 Form at a Glance

Form I SWF has four panels:
  1. Part A - Particulars of the sovereign wealth fund
  2. Part B - Certification Fulfilment of conditions
  3. Attachments
  4. Verification
Data responsive

 

4. Step-by-Step Guide

Step 1: Log in to the e-Filing portal with your User ID and Password.
Data responsive

 

Step 2: Enter the User ID (PAN) and Password
Data responsive

 

Step 3: Go to e-file >Income Tax Forms > File Income Tax Forms
Data responsive

 

Step 4: Of the three tabs, please Select the Forms as per Income Tax Act 2025 tab, select or search for Form I SWF, and click the File Now button.
Data responsive

 

Step 5: Check the PAN, Submission Mode, Filing Type and select the applicable Tax Year (T.Y) and click on Continue button.
Data responsive

 

Step 6: Click on Let’s Get Started
Data responsive

 

Step 7: Upon clicking "Let's Get Started", the user will be navigated to the Panel screen. Select the 1st Panel: Part A - Particulars of the Sovereign Wealth Fund to proceed. Fill the relevant details, verify and click Save.
Note: Please ensure that all mandatory details under "My Profile" section including address is completed. You can update your contact and address details by clicking on hyperlink “My Profile”.
Data responsiveData responsive

 

Step 8: Post saving the 1st panel, select the 2nd Panel: Part B – Certification.
Please click on the checkbox and click on Save.
Data responsive

 

Step 9: Post saving the 2nd panel, select the 3rd Panel: Attachment. Please attach the relevant documents in this panel “Attachments” and click on Save.
Data responsive

 

Step 10: Post saving the 3rd panel, select the “Verification” Panel. Confirm the Verification panel and click on Save.
Data responsive

 

Step 11: Post saving the Verification panel, status of panel will be displayed as Completed then Preview button will be enabled
Data responsive

 

Step 12: On the Preview page, verify the details and click Proceed to e-Verify.
Note: By clicking the “Download” button, the user can download the preview PDF and verify the details before proceeding with e verification
Data responsive

 

Step 13: Post clicking on Proceed to E-Verify button, a popup confirmation displaying that you would like to proceed to E-Verify. Click on Yes
Data responsive

 

Step 14: On clicking Yes, you will be navigated to the E-Verify page where you can verify the Form I SWF using DSC/EVC.
Note: Refer to the How to e-Verify user manual to learn more.
Step 15: After successful e-Verification, a success message is displayed along with a Transaction ID and Acknowledgement Receipt Number. Please keep a note of the Transaction ID and Acknowledgement Receipt Number for future reference. You will also receive a confirmation message on the email ID(s) and mobile number(s) registered with the e-Filing portal.
Click on download button to download the Acknowledgement receipt
Data responsive

 

Note:
  1. On your Dashboard, click e-File > File Income Tax Forms > View Filed Forms> View Filed Form tab under Income Tax Act 2025.
  2. Refer view filled form user manual to learn more

6. Glossary

Acronym/Abbreviation Description/Full Form
DSC Digital Signature Certificate
EVC Electronic Verification Certificate
ARN Acknowledgement Receipt Number
PY Previous Year
FY Financial Year
TY Tax Year