25-April-2026
Taxation
 
New ITR forms make compliance easier, but ask for more income details
25-Apr-2026

The Central Board of Direct Taxes has introduced several changes in the Income Tax Return (ITR) forms for assessment year 2026-27, aimed at improving compliance and ease of filing. The forms now have additional disclosure requirements for F&O trading, political donations and presumptive taxpayers will have to disclose their investments. One of the main changes in the newly introduced ITR forms is the eligibility criteria for ITR-1.

News Source:- https://www.financialexpress.com/money/new-itr-forms-make-compliance-easier-but-ask-for-more-income-detailsnbsp-4217779/?ref=personalfinance_hp
 
 
 

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