Filing ITR this year? Don't miss these 10 major changes in ITR forms

The due date for filing Income Tax Returns (ITRs) for AY 2026-27 is July 31, 2026, for individuals, salaried taxpayers, pensioners and others who are not required to get their accounts audited. The CBDT has introduced several changes to the ITR forms this year, including new reporting requirements and updates arising from the Finance Act, 2025.

The new ITR forms require taxpayers to separately disclose turnover and income from futures and options (F&O) trading. In addition, a new reporting field has been introduced in Part A-OI (Other Information) to disclose any disallowance of MSME interest under Section 43B(h).

Individuals and entities who are partners in one or more partnership firms must now report additional details, including interest due or received and remuneration due or received from the partnership firm.

The forms also include a new column for reporting the fee paid under Section 234-I while filing a revised return.

Taxpayers claiming deductions under Section 80G must now provide the IFSC and Transaction Reference Number. Those opting for the presumptive taxation scheme are also required to disclose details of their investments.

Charitable trusts must now report the total value of investments instead of the nominal value in Schedule J and disclose the validity period of registrations obtained under other laws.

Non-residents opting for presumptive taxation under Sections 44B, 44BB, 44BBA, 44BBC or 44BBD must also report their gross receipts/turnover and net profit in the new column.

The updated ITR forms clarify that interest earned from companies, NBFCs and Housing Finance Companies (HFCs) should be reported under the 'Other' column of Schedule OS.

The declaration in Part A-GEN and Schedule BP has also been updated to capture income offered under Section 44BBD, aligning it with other presumptive taxation provisions.