income tax return form 2026-27
The Income Tax Department has officially notified the Income Tax Return (ITR) forms 1 to 7 for Assessment Year (AY) 2026-27 (Financial Year 2025-26) as of March 30, 2026. These forms are part of a broader transformation with the Income Tax Act, 2025 and Income Tax Rules, 2026 becoming effective from April 1, 2026.
Which ITR Form Should You Use?
The applicable form depends on your source and level of income:
- ITR-1 (Sahaj): For resident individuals with total income up to ₹50 lakh from salary, up to two house properties (new for this year), and other sources like interest. Click here to Download ITR 1 AY 2026-27 in Hindi and English
- ITR-2: For individuals and HUFs not having income from business or profession, but having income from capital gains or more than two house properties. Click here to download ITR 2 AY 2026-27 pdf in hindi and English
- ITR-3: For individuals and HUFs having income from a proprietary business or profession.
- ITR-4 (Sugam): For resident individuals, HUFs, and firms (excluding LLPs) with total income up to ₹50 lakh and presumptive business/professional income. Click here to Download ITR 4 AY 2026-27 in Hindi and English)
- ITR-5: For firms, LLPs, AOPs, BOIs, and other artificial juridical persons.
- ITR-6: For companies other than those claiming exemption under Section 11.
- ITR-7: For persons/entities including trusts and charitable institutions required to furnish return under sections like 139(4A).
Key Deadlines for AY 2026-27
The filing deadlines have been revised for different categories of taxpayers: [9, 14]
| Taxpayer Category | Due Date (FY 2025-26 / AY 2026-27) |
|---|---|
| Individuals (ITR-1 & ITR-2) | 31 July 2026 |
| Non-Audit Business & Trusts (ITR-3 & ITR-4) | 31 August 2026 |
| Audit Cases (Business/Profession) | 31 October 2026 |
| Transfer Pricing Cases | 30 November 2026 |
| Revised Return | 31 March 2027 (Nominal fee applicable) |
Major Changes in AY 2026-27 Forms
- Property Reporting: ITR-1 and ITR-4 now allow reporting of income from up to two house properties, up from the previous limit of one.
- Asset Disclosure: The threshold for mandatory disclosure of assets and liabilities has been increased from ₹50 lakh to ₹1 crore for certain taxpayers.
- Updated Returns (ITR-U): The time limit for filing an updated return has been extended to four years from the end of the relevant assessment year.
For official downloads and instructions, you can visit the Income Tax Department e-Filing Portal.
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