The Centre has notified all income tax return (ITR) forms for the assessment year (AY) 2026-27, according to a PTI report. This allows businesses, individuals, and other entities to start filing their income tax returns for financial year 2025-26.
The Income Tax (I-T) department had notified 1 and 4 (for small and medium taxpayers) on 30 March, ITR forms 2, 3, 5, 6 and 7 and ITR-U (for updated returns filing) have been notified today, on 31 March.
When is the last date of filing ITR in FY26?
- The last date for for individuals and those who do not have to get their accounts audited is 31 July 2026.
Will changes to I-T Act impact ITR this year?
- No, changes in the will not impact tax filings for FY26 but will come into effect when filing ITR in financial year 2026-27, i.e. in June 2027.
What are the current income tax slabs?
What are the ITR forms available?
- ITR Form 1 () and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers.
- ITR-2 is filed by individuals and HUFs who do not have income from profits and gains in business or profession but have income from .
- ITR-3 is for individuals and HUFs earning income from a proprietary business or profession.
- ITR-5 is filed by firms and limited liability partnership and cooperative societies.
- ITR-6 is filed by companies registered under .
- ITR-7 is filed by trusts and charitable institutions.
ITR 1 and ITR 4: What are Sahaj and Sugam forms?
ITR 1 or can be filed by a resident individual having annual income up to ₹50 lakh and who receives income from salary, one house property, other sources (interest) and agricultural income up to ₹5,000 a year.
While ITR 4 or Sugam can be filed by individuals, Hindu Undivided Families () and firms (other than Limited Liability Partnerships (LLPs)) having total annual income up to ₹50 lakh and income from business and profession.
How can I file ITR online?
- Log in to the by entering your PAN and password.
- Select the applicable ITR form in your case based on your income sources.
- Enter or import details using the Excel or JSON utility. This helps in preventing common mistakes and errors.
- Carefully check, validate, and preview your return to ensure complete accuracy.
- E-verify the return through -based OTP. Keep in mind that e-verification is crucial within the stipulated time to avoid invalidation of your return.
Check for errors before submitting your form as it can create complications, delay refunds, and even result in the issuing of tax notices. It is advisable to cross check details as per , AIS, and bank statements before final submission. Focus on ensuring accuracy that could prevent future notices or penalties.
Disclaimer: This article is for informational purposes only and should not be construed as tax advice. Readers are advised to consult a qualified tax professional or refer to official Income Tax Department resources before filing their returns.
(With inputs from PTI)