The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes (CBDT), has issued a series of notifications updating the Income-tax Return (ITR) Forms for the Assessment Year 2026–27. These amendments have been notified under the powers conferred by section 295 read with section 139 of the Income-tax Act, 1961, and are effective from 31st March 2026 (except ITR-U which is effective from date of publication).
The revised forms aim to simplify compliance, enhance reporting accuracy, and align with evolving tax policies.
[1] Notification for ITR-1 (Sahaj) and ITR-4 (Sugam)
[Notification No.: G.S.R. 226(E) Gazette No.: 207 Date: 30 March 2026]
The CBDT has notified amendments in Rule 12 of the Income-tax Rules, 1962 and substituted ITR-1 (Sahaj) and ITR-4 (Sugam) forms. These forms are applicable for small taxpayers including salaried individuals and presumptive income earners.
Key changes include rationalization of eligibility conditions, including revision in reporting relating to house property and income thresholds.
[Notification No.: G.S.R. 227(E) – Gazette No.: 208 Date: 30 March 2026]
The revised ITR-2 form has been notified for individuals and Hindu Undivided Families (HUFs) not having income from business or profession.
The amendments aim to improve disclosure requirements and streamline reporting structures for capital gains, foreign assets, and residential status details.
[Notification No.: G.S.R. 228(E) – Gazette No.: 209 Date: 30 March 2026]
CBDT has substituted the ITR-3 form applicable to individuals and HUFs having income from business or profession.
The revised form introduces enhanced reporting for business income, presumptive taxation options, and improved compliance tracking for tax regime selection.
[Notification No.: G.S.R. 229(E) – Gazette No.: 210 Date: 30 March 2026]
The ITR-5 form, applicable to firms, LLPs, AOPs, BOIs, and other entities, has been updated.
The revised format strengthens reporting requirements related to entity classification, partner details, and financial disclosures to ensure better transparency and compliance.
[Notification No.: G.S.R. 230(E) – Gazette No.: 211 Date: 30 March 2026]
CBDT has notified the revised ITR-6 form for companies (other than those claiming exemption under section 11).
The updated form enhances disclosures relating to corporate structure, tax positions, and compliance requirements aligned with corporate taxation reforms.
[Notification No.: G.S.R. 231(E) – Gazette No.: 212 Date: 30 March 2026]
The revised ITR-7 form has been notified for persons including trusts, political parties, and institutions required to file returns under sections 139(4A) to 139(4D).
The new format focuses on detailed reporting of exemptions, registrations, and activities of charitable and religious institutions.
[7] Notification for ITR-V (Verification Form)
[Notification No.: G.S.R. 232(E) – Gazette No.: 213 Date: 30 March 2026]
The ITR-V form, used for verification of electronically filed returns where digital verification is not completed, has been revised.
The updated format continues to serve as a crucial document for validation of filed returns and ensures consistency across all ITR forms.
[8] Notification for ITR-U (Updated Return)
[Notification No.: G.S.R. 233(E)– Gazette No.: 214 Date: 30 March 2026]
CBDT has introduced amendments relating to ITR-U, which facilitates filing of updated returns under section 139(8A).
This form enables taxpayers to update their income details within 48 months from the end of the relevant assessment year, thereby promoting voluntary compliance and reducing litigation.
Conclusion
These notifications collectively represent a significant step by the Government towards modernizing the tax filing ecosystem, improving transparency, and making compliance more taxpayer-friendly. The revised ITR forms for Assessment Year 2026–27 reflect the Government’s continued focus on ease of doing business and digital governance.
Taxpayers are advised to carefully review the updated forms and ensure accurate and timely filing in accordance with the notified provisions.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/03/All-updated-ITR-1-ITR-7-ITR-V-ITR-U.pdf
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