- May 10, 2026
Income Tax Forms 2026: ITR-1 To ITR-4 Get New Disclosure Rules For LTCG, F&O Trades, Buyback Losses
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CBDT revises ITR 1 to 4 for AY 2026-27, adding detailed capital gains, trading, foreign asset and high value transaction disclosures, with new contact and address fields
New ITR Forms Explained: Key Changes In ITR-1, ITR-2, ITR-3 And ITR-4
ITR Forms: With the filing season for the income tax return of FY2025-26 (Assessment year 2026-27) beginning soon, the income tax department has made several changes in ITR forms to make reporting of transactions and income effective and simple, while offering new disclosure requirements.
It means that taxpayers need to comprehensively disclose long-term capital gains (LTCG), buyback looses, Futures and Options trading, intraday trading, foreign assets, and high-value transactions among others.
The updates ITR ITR-1, ITR-2, ITR-3 and ITR-4 forms will be used by taxpayers having earned income during FY2025-26. However, taxpayers can’t file their tax returns as utilities haven’t been enabled on the portal yet.
Let’s understand the key changes in the new ITR forms:
Chartered accountant Abhishek Soni, CEO & Co- founder, Tax2win, as quoted by ET Wealth, said that the CBDT has notified revised ITR forms for AY 2026–27 with several important updates aimed at simplifying filing and improving disclosures.
| ITR Form | Who Can Apply? | New Changes Introduced |
|---|---|---|
| ITR-1 (Sahaj) | Salaried individuals and pensioners with income up to Rs 50 lakh,income from salary, one or two house properties, and other sources. |
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| ITR-2 | Individuals and HUFs not having business income,including those with capital gains or foreign assets. |
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| ITR-3 | Individuals and HUFs having income from business or profession,including traders. |
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| ITR-4 (Sugam) | Small businesses, professionals and presumptive income taxpayerswith income up to prescribed limits. |
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