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The Central Board of Direct Taxes (CBDT) has notified the revised Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27 (corresponding to Financial Year/FY 2025-26). These forms apply to income earned from April 1, 2025, to March 31, 2026, and filing will begin in 2026.

The notified forms include ITR-1 to ITR-7, along with ITR-V (verification form) and ITR-U (updated return). No completely new ITR forms were introduced; instead, the updates focus on expanded eligibility, additional disclosures for better compliance and data matching, and some simplifications

Key Changes

Expanded House Property Reporting in ITR-1 (Sahaj) and ITR-4 (Sugam)

Limited Capital Gains Reporting Allowed in Simpler Forms

Revised Deduction and Exemption Details

HRA includes Hyderabad, Pune, Bengaluru & Ahmedabad

ITR U can now file within 48 Months from the end of the relevant AY

Tax Regime will be new Tax Regime by default

Dates

Individual                                      31st July 2026

Non-Audit Business                      30th August 2026

Audit                                              30th October 2026

Asset disclosure limit increased from Salary upto 50 Lakhs to 1 Crore