The key changes have been introduced in the new ITR Forms 1 to 7, as notified by the CBDT for the Assessment Year 2026–27. The changes discussed in this article include amendments introduced by the Finance Act 2026 and new reporting requirements. The key changes in the ITR Forms for AY 2026–27 are as follows:
‣ Reporting of turnover and income from Futures & Options (F&O) trading
‣ Disclosure of MSME interest disallowance under Section 43B(h)
‣ Mandatory reporting of interest and remuneration from partnership firms
‣ Reporting of fee paid for filing revised return under Section 234-I
‣ Disclosure of name and PAN of political party under Schedule 80GGC
‣ Extension of due date to 31st August reflected in ITR-3
‣ Reporting of presumptive income for non-residents under specific sections
‣ Removal of foreign retirement account reporting from ITR-1 and ITR-4
‣ Removal of bifurcation of capital gains based on transfer date
‣ Omission of Schedule BBS in ITR-6 due to change in buyback taxation
