The Government has officially notified all Income Tax Return (ITR) forms for Assessment Year (AY) 2026–27 through the e-Gazette. These forms apply to Financial Year (FY) 2025–26 and are crucial for timely and accurate tax compliance.

Key ITR Forms Notified

The Central Board of Direct Taxes (CBDT) has released the following forms:

• ITR-1 (Sahaj) and ITR-4 (Sugam): For individuals, HUFs, and small businesses opting for presumptive taxation

• ITR-2 and ITR-3: For individuals and HUFs with capital gains, business income, or other complex income structures

• ITR-5, ITR-6, and ITR-7: Applicable to firms, LLPs, companies, trusts, and other entities

  Need help with this? Talk to Goyal Raj Kumar & Associates →

• ITR-V: Used for verification of returns filed without digital signature

• ITR-U: Enables taxpayers to file updated returns under Section 139(8A) of the Income Tax Act, 1961

What This Means for Taxpayers

• Early notification allows better tax planning and documentation

• Businesses and professionals should align their accounting records accordingly

• Taxpayers must choose the correct form to avoid notices or penalties

Relevant References

• CBDT Notifications via Official e-Gazette (Income Tax Rules, 1962 amendments)

• Section 139 of the Income Tax Act, 1961

• Income Tax Department compliance guidelines

Conclusion

Timely awareness of notified ITR forms helps ensure accurate and compliant filings. Taxpayers should review applicability carefully and prepare in advance.

For expert guidance on this topic, contact your tax professional today.