Income-tax form corrections standardise references, numbering, and verification language across rules, notes, and prescribed compliance formats.
A corrigendum to the Income-tax rules under the Income-tax Act, 2025 makes extensive drafting and formatting corrections across multiple provisions, notes, forms, tables and verification clauses. The amendments substitute incorrect section and rule references, correct spelling and typographical errors, renumber headings, sub-items and notes, and revise captions and cross-references in prescribed formats. It also standardises form content by replacing repeated references such as PAN/Aadhaar with PAN, omitting Aadhaar columns in certain entries, and revising verification language from my/our to my in several places.

Income tax return form corrigendum clarifies the placement of a General Information entry in the prescribed format.
A corrigendum revised the income-tax return form notification by directing that, in Part A, General Information, row (A10), the words "Wrong heads of income chosen" be placed on a separate line after "Loss not reported correctly (In case of reduction of loss)". The correction concerns the formatting and placement of the entry in the prescribed form.

Income-tax return form corrections update schedule entries, internal references, and layout details across multiple return schedules.
Income-tax return Form 7 was corrected by a corrigendum to Notification No. 50/2026. The amendments change schedule layout and cross-references, including interchanging greyed and blank cells, omitting specified entries in Schedule CG, inserting a new sub-row for pass through income or loss in the nature of short term capital gain, and correcting references in Part B-TI. Further corrections were made in Schedule OS and Schedule CYLA to adjust cell shading and internal references.

Income tax return form corrigendum corrects schedule references, row numbers, and capital gains disclosure entries across prescribed annexures.
A corrigendum to the Income-tax Return Form 6 notification corrects multiple drafting and cross-reference errors in the prescribed return schedules. The amendments include substitution of the word "Equity" for an incorrect heading, correction of row numbering in the profit and loss schedule, and revision of a formula reference in the business profits schedule. Further corrections are made in the capital gains and related disclosure schedules, including insertion of a new entry for pass-through income or loss in the nature of short-term capital gain, omission of certain rows, substitution of internal cross-references, replacement of schedule references, omission of specified columns, correction of references in the unexplained deposits schedule, and adjustment of row references in the MAT credit schedule.

Income-tax return form corrections refine Schedule CG and Schedule UD references in the notified return format.
Income-tax return form corrections were made by corrigendum to the notified Income Tax Return Form 5. The amendment substitutes the expression in Schedule CG, row A8, so that the amounts are to be read as "(A8a + A8b + A8c)" instead of "(A8a A8b + A8c)". A further correction was made in Schedule UD, row v, columns (4) and (5), where the references to BFLA are to be read as "(3xv of BFLA)" and "(4xv of BFLA)" instead of "(3xvi of BFLA)" and "(4xvi of BFLA)".

Income tax return form corrigendum revises schedule references, text formatting, and cell shading in prescribed tables.
A corrigendum revises the Income-tax Return Form 3 notification by making three corrections in the prescribed schedules. In Schedule CG, Part B, row 9, sub-row a(iii), the expression "i. Total (ic + ii)" is corrected to "Total (ic + ii)". In Schedule CG, Part E, the reference "B13a" is substituted with "B12a". In Schedule OS, row 10(3b), the grey shading of the blank cells under the columns "upto 15/6" and "from 16/6 to 15/9" is removed.

Income-tax return form corrections update schedule references, omit specified columns, and revise formatting across multiple tables.
A corrigendum to the Income-tax Return Form 2 notification corrects specified drafting and formatting errors across several schedules. It substitutes row references and alphanumeric entries in Schedule CG, removes grey shading from blank cells in Schedule CG and Schedule OS, omits column (1b) in Schedule 112A and in the proviso to Schedule 115AD(1)(b)(iii), replaces a word reference in Schedule OS, substitutes a row reference in Schedule CFL, and replaces a letter in Part B-TI. The notification operates as clerical corrections to the notified form structure.

Income-tax return forms corrected with revised Schedule-IT details and minor numbering and text changes in ITR-4.
Income-tax return forms ITR-1 and ITR-4 were corrected by corrigendum. In ITR-1, Schedule-IT was substituted to set out details of advance tax and self-assessment tax payments, including BSR code, date of deposit, serial number of challan, and tax paid. In ITR-4, the salary schedule was corrected by renumbering a sub-row and substituting the letters "iva" for "Iva".

Assistance in collection of taxes under the India-Japan tax pact takes effect for requests made after 8 July 2025.
Implementation of the India-Japan Memorandum of Understanding on assistance in collection of taxes under Article 26A of the double taxation convention. The Memorandum, signed at Tokyo and New Delhi, applies to requests for collection of taxes made after the later date of signature by the two competent authorities, and has effect in India for requests made after 8 July 2025. The Central Government, under section 90(1) of the Income-tax Act, 1961, notified that all provisions of the Memorandum set out in the Annexure shall be given effect in the Union of India.

PAN correction forms and filing procedure prescribed for individuals and non-individuals under the income-tax rules.
Specification of application forms and filing procedure for PAN correction provides for PAN CR-01 for individuals and PAN CR-02 for non-individuals, with forms, guidelines and submission modes set out in the annexure. The order permits physical filing at PAN Centres of UTIITSL or Protean eGov, or online filing through their websites, and applies from 01.04.2026. The attached guidelines prescribe mandatory particulars, supporting documents, photograph and signature requirements, and category-specific completion of the correction application.

General anti-avoidance rule carve-out refined for income from pre-2017 investments under amended tax rules.
The Income-tax (Amendment) Rules, 2026 amend rule 128 of the Income-tax Rules, 2026 with effect from 1 April 2026. The amendment revises the carve-out for income from transfer of investments made before 1 April 2017, and restates that Chapter XI applies to any arrangement irrespective of when entered into, where the tax benefit is obtained on or after 1 April 2017, subject to the stated exclusion for such pre-2017 investments.

Chapter X-A scope narrowed for transfer income from pre-April 2017 investments under amended income-tax rules.
Rule 10U of the Income-tax Rules, 1962 is amended to exclude income from transfer of investments made before 1 April 2017 from the specified Chapter X-A framework. The revised rule also states that Chapter X-A applies to arrangements irrespective of when entered into only for tax benefits obtained on or after 1 April 2017, subject to the same exclusion for transfer income from pre-1 April 2017 investments.

Tax exemption for Rajasthan Electricity Regulatory Commission notified under the Income-tax Act, subject to continuing statutory conditions.
Tax exemption is notified for Rajasthan Electricity Regulatory Commission under clause (46A) of section 10 of the Income-tax Act, 1961. The notification applies from the assessment year 2026-27, subject to the continuing condition that the entity remains a Commission constituted under the Electricity Regulatory Commissions Act, 1998 and satisfies the specified purposes under sub-clause (a) of clause (46A).

Updated return filing form introduced for income tax compliance, with eligibility checks, tax computation, and verification requirements.
Income-tax Rules, 1962 are amended by insertion of Form ITR-U in Appendix-II for filing an updated return under section 139(8A). The form applies to persons seeking to update income or reduce loss within the permitted period, subject to eligibility conditions. It requires disclosure of assessment year details, reasons for updating, filing window, computation of updated tax liability, tax already paid, amount payable or refundable, tax payments under section 140B, and verification of the return.

Income-tax return verification forms updated for electronic filing, acknowledgement, and time-linked furnishing consequences under the amended rules.
Income-tax Rules, 1962 are amended to substitute the prescribed forms in Appendix II relating to return filing verification and acknowledgement. The amendment replaces Form ITR-V for cases where return data in specified income-tax return forms has been electronically transmitted but not electronically verified, and replaces Form ITR-Ack for cases where such return data has been filed and verified. The substituted ITR-V form retains the verification process, prescribed modes of verification, and the time-linked consequences for furnishing the return.

ITR-7 amendment expands disclosure, exemption and tax-computation reporting for trusts, institutions, political parties and electoral trusts.
Income-tax (Seventh Amendment) Rules, 2026 substitute FORM ITR-7 in Appendix II of the Income-tax Rules, 1962 for returns filed for Assessment Year 2026-27 with effect from 31 March 2026. The substituted return form applies to persons required to furnish returns under sections 139(4A), 139(4B), 139(4C) and 139(4D), and requires expanded disclosure of registration, approval, objects, activities, accumulation, application of income, corpus, loans, investments, donations, foreign contributions, audit and governing persons.

Corporate return filing format updated with a revised ITR-6 form covering audit, MAT, capital gains, losses, and foreign asset disclosures.
Amends the Income-tax Rules, 1962 by substituting Form ITR-6 in Appendix II for companies other than those claiming exemption under section 11. The amended return form applies to returns filed for Assessment Year 2026-27 and comes into force from 31 March 2026. The substituted form expands corporate return reporting on company identity, audit, business structure, balance sheet, profit and loss particulars, capital gains, losses, MAT, tax relief, foreign assets, deductions, exemptions, GST turnover, and verification.

ITR-5 revised for assessment year 2026-27 with expanded disclosure, audit, capital gains and foreign asset reporting fields.
The Income-tax (Fifth Amendment) Rules, 2026 substitute Form ITR-5 in Appendix-II of the Income-tax Rules, 1962. The amended form applies to returns filed for Assessment Year 2026-27 and takes effect from 31 March 2026. The revised ITR-5 contains extensive fields covering general information, filing status, audit details, balance sheet and profit and loss disclosures, presumptive income, capital gains, other sources, set-off and carry-forward of losses, deductions, foreign assets, GST turnover, tax payments, refund particulars and verification.

Income-tax return form ITR-3 is substituted with expanded reporting for business income, capital gains, foreign assets, and tax payments.
Income-tax Rules, 1962 are amended by substituting FORM ITR-3 in Appendix II. The substituted return form applies to returns filed for Assessment Year 2026-27, with effect from 31 March 2026. The revised form is designed for individuals and Hindu undivided families having income from profits and gains of business or profession, and it updates the return architecture to capture detailed particulars relating to personal information, filing status, residential status, audit requirements, business and profession accounts, presumptive income, capital gains, other sources, foreign assets, tax relief, deductions, and tax payments.

Income-tax return form revision updates ITR-2 disclosures for individuals and HUFs for assessment year 2026-27.
Amends the Income-tax Rules, 1962 by substituting the FORM ITR-2 in Appendix-II. The substituted return form applies to Assessment Year 2026-27 and comes into force on 31 March 2026. It is prescribed for individuals and HUFs not having income from profits and gains of business or profession, and sets out the revised disclosure structure for filing status, residential status, income heads, capital gains, other sources, exempt income, foreign assets and income, deductions, loss set-off, tax relief, tax payments, and verification.