Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under ...

Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed ...

Finance Minister Nirmala Sitharaman announced staggered ITR deadlines while presenting the Union Budget 2026 on 1 February ...

ITR-6 and ITR-7 forms, adding wider disclosures and simplifying capital gains reporting for AY 2026-27 taxpayers.

For taxpayers filing ITR-4 for Assessment Year (AY) 2026-27, disclosing their bank balance has now been made mandatory. The ...

Purpose / when used Filed after missing the original due date (late filing). Filed to correct an error/omission in an already-filed return (original or belated). Filed to voluntarily disclose missed ...

Expanded reporting scope: New ITR-1 to ITR-4 forms require disclosures on LTCG, buyback losses, F&O trades, foreign assets, and high-value transactions. Form selection matters: Choosing the wrong ITR ...

The latest revision in ITR-4 for assessment year 2026–27 sharpens the existing compliance norms. The financial particulars of ...

Income tax returns: From salaried individuals overwhelmed by the process to first time ITR filers — Here's a checklist of ...

Did our AI summary help? The government has notified income tax return forms (ITR-1 to ITR-7) for the Assessment Year (AY) 2026–27. This means individuals, pensioners, professionals and other ...