CBDT Notifies New Income Tax Return Forms for AY 2026-27

The Central Board of Direct Taxes has notified the new Income Tax Return forms for Assessment Year 2026-27.

Key changes in the new forms include:

• ITR-1 (Sahaj): Updated schedule for salary income with new deduction codes
• ITR-3: Expanded schedule for business income with AI-based verification fields
• ITR-6: New schedule for MAT credit and AMT compliance
• Mandatory disclosure of crypto asset transactions across all forms
• Revised schedule FA for foreign assets with enhanced reporting