
The Income Tax Department has introduced several important changes in Income tax Return (ITR) forms for the Financial Year 2025-26 (Assessment Year 2026-27) to simplify return filing and improve the reporting of income and transactions. The revised forms include new disclosure requirements for long-term capital gains (LTCG), buyback losses, Futures & Options (F&O) trading, intraday trading, foreign assets, and high-value transactions, among others.
The updated ITR-1, ITR-2, ITR-3 and ITR-4 forms will apply to income earned during FY 2025-26 and will be used in the current income tax return filing season.