Table of Contents
Must Know Significant changes in ITR Form for FY 2025-26
Changes in Latest ITR Forms for FY 2026–27
| FORM | APPLICABLE TO | KEY AMENDMENTS / CHANGES |
|---|---|---|
| ITR-1 (Sahaj) | Resident individuals (Salary, 1 house property, other sources, agri income up to ₹5,000) | • Up to 2 house properties allowed (earlier 1) • LTCG u/s 112A up to ₹1.25 lakh allowed • New field: Secondary / Additional Address • Revised capital gains schedules |
| ITR-2 | Individuals / HUF not eligible for ITR-1 (e.g., foreign assets, more than 2 house properties, director in company) | • Revised capital gains schedules • Additional disclosures for foreign assets & trusts (Schedule FA) • New field: Secondary / Additional Address |
| ITR-3 | Individuals / HUF having income from business or profession | • Enhanced disclosure of F&O transactions • Detailed reporting for trading income • Revised capital gains schedules • Disclosure of buyback losses • New field: Secondary / Additional Address |
| ITR-4 (Sugam) | Presumptive income cases (Sections 44AD, 44ADA, 44AE) | • LTCG u/s 112A up to ₹1.25 lakh allowed • Mandatory disclosure of bank balances • New field: Secondary / Additional Address |
| ITR-5 | Firms, LLPs, AOPs, BOIs | • Revised capital gains schedules • Alignment with new I-T Act provisions (2025 updates) |
| ITR-6 | Companies (excluding those claiming exemption u/s 11) | • Revised schedules for share capital, indebtedness, tax incentives • Enhanced disclosures for transactions & related parties |
| ITR-7 | Persons including companies claiming exemption u/s 11 (trusts, political parties, research institutions, etc.) | • Revised schedules for income, application, accumulation • Enhanced disclosures for foreign contributions & assets |
Notable Schedules Strengthened
- Schedule CG (Capital Gains)
- Schedule FA (Foreign Assets)
- Schedule AL (Assets & Liabilities)
- Schedule BP (Business/Profession)
- Schedule 80GGA / 80GGC (Donations)
ITR Return Forms
|
Sr. No. |
ITR Forms |
Instruction for Filing ITR Forms |
Description |
|
1. |
To be filed by resident individuals having total income up to ? 50 lakhs from following sources :
|
||
|
2. |
For Individuals and HUFs not having income from profits and gains of business or profession |
||
|
3. |
To be filed by Individuals and HUFs having income from profits and gains from business or profession |
||
|
4. |
For Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakhs and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE |
||
|
5. |
For firms, LLP, AOPs, BOIs, Artificial juridical Person, Estate of deceased, estate of insolvent, business trust and investment fund. |
||
|
6. |
For Companies other than companies claiming exemption under section 11. |
||
|
7. |
For persons including companies required to furnish returns under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E) or section 139(4F) |
