New Delhi, July 3 -- Taxpayers filing their income tax return (ITR) for AY 2026-27 will notice a new reporting field in the online filing portal and JSON utilities titled 'Receipts not in the nature of income.' The addition is intended to improve the way certain non-taxable receipts are disclosed in the return.

The new field does not make these receipts taxable or introduce any additional tax liability. Instead, it provides a separate reporting category for amounts that are not considered 'income' under the Income-tax Act, such as certain gifts, loans and receipts from the sale of rural agricultural land.

This new field was not part of the officially notified ITR forms or the PDF versions available on the Income-tax portal. It has been ...