{"id":32418,"date":"2026-07-12T23:39:27","date_gmt":"2026-07-12T18:09:27","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=32418"},"modified":"2026-07-12T23:41:49","modified_gmt":"2026-07-12T18:11:49","slug":"cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27\/","title":{"rendered":"New Reporting field in Schedule Exempt Income for AY 2026-27"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a53f473551b5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a53f473551b5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27\/#Tax_Dept_introduced_a_new_reporting_field_in_Schedule_Exempt_Income_for_AY_2026-27\" title=\"Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27\">Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27\/#Examples_of_receipts_that_may_be_reported_here\" title=\"Examples of receipts that may be reported here\">Examples of receipts that may be reported here<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27\/#Exempt_Income_%E2%86%92_Report_under_the_specific_applicable_head_in_Schedule_EI_Examples\" title=\"Exempt Income \u2192 Report under the specific applicable head in Schedule EI Examples:\">Exempt Income \u2192 Report under the specific applicable head in Schedule EI Examples:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/cbdt-reporting-field-in-schedule-exempt-income-ay-2026-27\/#Taxable_Income_%E2%86%92_Report_under_the_relevant_head_of_income\" title=\"Taxable Income \u2192 Report under the relevant head of income.\">Taxable Income \u2192 Report under the relevant head of income.<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Dept_introduced_a_new_reporting_field_in_Schedule_Exempt_Income_for_AY_2026-27\"><\/span><span style=\"color: #000080;\"><strong>Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u00a0<\/strong>The Income Tax Department has introduced a new reporting field in Schedule EI (Exempt Income) for AY 2026-27<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32416\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50.jpg\" alt=\"new reporting field in Schedule Exempt Income for AY 2026-27\" width=\"1280\" height=\"869\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50.jpg 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50-300x204.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50-1024x695.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50-768x521.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/photo_2026-07-12_23-23-50-800x543.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p><span style=\"color: #000080;\"><strong>Category:<\/strong><strong> Other Incomes<\/strong><\/span><\/p>\n<p><span style=\"color: #000080;\"><strong>Sub-category:<\/strong><strong> Receipts not in the nature of income<\/strong><\/span><\/p>\n<p><span style=\"color: #000080;\"><strong>From the screenshot, this option is now available in the e-filing portal under Schedule EI.<\/strong><\/span><\/p>\n<p>This is primarily a disclosure facility and not a new exemption provision. It allows taxpayers to voluntarily report amounts credited to their bank accounts that are not income at all under the Income-tax Act, thereby helping explain transactions that may otherwise appear in AIS, bank statements, or other information sources.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Examples_of_receipts_that_may_be_reported_here\"><\/span><span style=\"color: #000080;\"><strong>Examples of receipts that may be reported here<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Gifts from relatives (fully exempt u\/s 56)<\/li>\n<li>Return of capital or personal funds<\/li>\n<li>Gifts from non-relatives not exceeding INR 50,000 in aggregate<\/li>\n<li>Lump-sum alimony settlements<\/li>\n<li>Gifts received on marriage<\/li>\n<li>Compensation for personal damages<\/li>\n<li>Reimbursement of expenses<\/li>\n<li>Other genuine capital\/non-income receipts<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>Taxpayers should not use this field to avoid reporting taxable income. A proper distinction must be maintained:<\/strong><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Exempt_Income_%E2%86%92_Report_under_the_specific_applicable_head_in_Schedule_EI_Examples\"><\/span><span style=\"color: #000080;\"><strong>Exempt Income \u2192 Report under the specific applicable head in Schedule EI Examples:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Agricultural income<\/li>\n<li>PPF interest<\/li>\n<li>Sukanya Samriddhi interest<\/li>\n<li>Dividend exempt under specific provisions<\/li>\n<li>Share of profit from firm<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Taxable_Income_%E2%86%92_Report_under_the_relevant_head_of_income\"><\/span><span style=\"color: #000080;\"><strong>Taxable Income \u2192 Report under the relevant head of income.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Salary<\/li>\n<li>House Property<\/li>\n<li>Capital Gains<\/li>\n<li>Business\/Profession<\/li>\n<li>Income from Other Sources<\/li>\n<\/ul>\n<p>Receipts Not in the Nature of Income \u2192 Only where the receipt itself does not constitute income under the Act. Practical benefit<\/p>\n<p>Suppose a taxpayer receives a INR 10 lakh gift from father, INR 5 lakh marriage gift, INR 2 lakh reimbursement from employer or friend.<\/p>\n<p>These credits may appear in bank records and could potentially attract future scrutiny. Reporting them under &#8220;Receipts not in the nature of income&#8221; creates transparency and may help explain such credits if questions arise later.<\/p>\n<p>While this disclosure is useful, it should be used cautiously: &#8220;The new reporting field for &#8216;Receipts not in the nature of income&#8217; is meant for voluntary disclosure of genuine non-income receipts. Exempt incomes should continue to be reported under their respective categories in Schedule EI, and taxable receipts must be offered to tax under the appropriate head of income. Mere disclosure under this new field does not convert a taxable receipt into a non-taxable one.&#8221;<\/p>\n<p>This is one of the most significant transparency-oriented changes in AY 2026-27, especially for taxpayers with large gifts, family transfers, reimbursements, and other capital receipts that may otherwise remain unexplained in the tax data ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27 \u00a0The Income Tax Department has introduced a new reporting field in Schedule EI (Exempt Income) for AY 2026-27 Category: Other Incomes Sub-category: Receipts not in the nature of income From the screenshot, this option is now available in the e-filing portal &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150],"tags":[10502],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32418"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=32418"}],"version-history":[{"count":3,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32418\/revisions"}],"predecessor-version":[{"id":32421,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32418\/revisions\/32421"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=32418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=32418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=32418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}