New Delhi, May 10 -- The Income Tax Department has introduced several changes to the Income tax return (ITR) forms for assessment year 2026-27 (financial year 2025-26), impacting salaried individuals, traders, and investors alike. The updated forms aim to improve disclosure standards, enhance transparency, and simplify the tax filing process for different types of taxpayers.

The Central Board of Direct Taxes (CBDT) notified the Income-Tax Rules, 2026, on March 20, 2026, as part of the implementation of the Income Tax Act, 2025. According to a gazette notification, "These rules may be called the Income-tax Rules, 2026. They shall come into force on April 1, 2026."

While the updated framework simplified several provisions under the income...