India CBDT News

CBDT Notifies ITR-5 Form for Assessment Year 2026-27

The Central Board of Direct Taxes has substituted Form ITR-5 in Appendix-II of the Income-tax Rules, 1962 through the Income-tax (Fifth Amendment) Rules, 2026. The amended form, applicable for Assessment Year 2026-27, covers persons other than individuals, HUFs, companies, and ITR-7 filers, including firms, LLPs, AOPs/BOIs, cooperative societies, business trusts, and artificial juridical persons. The rules come into force from 31 March 2026.

CBDT Notifies ITR-3 Form for AY 2026-27

The CBDT has substituted Form ITR-3 in Appendix II of the Income-tax Rules, 1962, via the Income-tax (Fourth Amendment) Rules, 2026, effective March 31, 2026, applicable to returns filed for Assessment Year 2026-27. The revised form includes updated personal information fields, communication address requirements, filing status verification questions, and new regime-selection tracking through Form 10IEA. New questions capture business/profession income status, prior-year ITR-3/4 filing history with Form 10IEA, and tax regime switching information for individuals and HUFs.

CBDT Notifies ITR-2 Form for AY 2026-27

The Central Board of Direct Taxes has issued Notification No. 46/2026, dated March 30, 2026, substituting the Income Tax Return Form ITR-2 in Appendix-II of the Income-tax Rules, 1962, for Assessment Year 2026-27. The Income-tax (Third Amendment) Rules, 2026 come into force with effect from March 31, 2026. The revised ITR-2 form includes updated fields for personal information, residential status determination, filing status (original, revised, defective, or in response to notice under sections 139(9), 142(1), 148, or 153C), address details for communication, PAN and Aadhaar numbers, and schedules requiring disclosure of unlisted equity shares held during the previous year, along with thresholds for high-value transactions including deposits exceeding Rs. 1 crore in current accounts and electricity expenditure exceeding Rs. 1 lakh.