Form 1 (IFSC Declaration) is the Income-tax Act, 2025 form titled “Statement-cum-declaration by an IFSC unit to a payer”. It is a new form introduced under the Income-tax Act, 2025 with no direct equivalent under the earlier law.
It falls under the IFSC & Sovereign Wealth Fund (standalone) category, and applies to Tax Year 2026-27 (AY 2026-27) onwards, i.e. from 1 April 2026.
A fuller plain-language explainer for Form 1 (IFSC Declaration), reviewed by our Chartered Accountants, is being added.
Form 1 (IFSC Declaration) is a new form introduced under the Income-tax Act, 2025 with no direct equivalent under the old law. Statement-cum-declaration by an IFSC unit to a payer.
It applies to Tax Year 2026-27 (AY 2026-27) onwards, i.e. from 1 April 2026. Compliance relating to earlier tax years continues on the old forms.
Our CA-led team handles it end-to-end — Statement-cum-declaration by an IFSC unit to a payer.
✅ File with a CA →💬 Ask our CALeave your number — our team calls you back. Free, no obligation.
EaseValue