New Delhi, April 2 -- The nation's income tax system has undergone significant changes with the introduction of new forms under the Income Tax Rules, 2026. In addition, the launch of an integrated payment module on the e-Filing portal has added immense value to tax filers. With the old Income Tax Act, 1961, officially repealed from 1 April 2026, taxpayers must now shift their focus to navigating a dual-framework transition while ensuring clarity on compliance.

One of the biggest improvements is the introduction of updated forms aligned with the new Income Tax Act, 2025. It hence becomes indispensable for taxpayers to carefully select forms, especially for the assessment year 2026-27.

This is because both legacy and new systems will coex...