TaxTMI 
TaxTMI 
Income-tax (Second Amendment) Rules, 2026
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....in proviso, in item (IG), for the words "one house property", the words "two house properties" shall be substituted; (ii) in sub-rule (5), for the figure "2024", the figure "2025" shall be substituted. 3. In the said rules, in Appendix- II, (a) for FORM ITR-1, the following FORM shall be substituted, namely: --- (b) for FORM ITR-4, the following FORM shall be substituted, namely: --- [F. No. 370142/5/2026-TPL] PRADEEP SHARMA, Dy. Secy., Tax Policy and Legislation Note:- The Income-tax Rules, 1962 rules were published in the Gazette of India, Extraordinary, Par II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 158(E), dated the 05th March, 2026. ************** NOTES:- 1. For Further Amendment see Corrigendum G.S.R. 262(E) dated 10-04-2026 ============= Document 1 16 [PART II-SEC. 3(i)] THE GAZETTE OF INDIA : EXTRAORDINARY INDIAN INCOME TAX RETURN Assessment Year [For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh and having Income from Salaries....
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....erson is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] (i) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/ No) Amount (Rs) (If Yes) (ii) Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) Amount (Rs) (If Yes) (iii) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu) (Tick) Yes No (A22) Whether this return is being filed by a representative assessee? (Tick) Yes No If yes, please furnish following information - (1) Name of the representative assessee (2) Email-ID of the representative assessee (3) Contact number of the representative assessee 17 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजप....
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....nant is mandatory, if tax is deducted under section 194-IB. Furnishing of TAN of tenant is mandatory, if tax is deducted under section 194-I. Income from Other Sources (drop down like interest from saving account, deposit etc. to be provided in e-filing utility specifying nature of income and in case of dividend income, please mention quarterly breakup for allowing applicable relief from section 234C) B3 Less: Deduction u/s 57(iia) (in case of family pension only) B4 Gross Total Note: To avail Income (B1+B2+B3+C3(a)(iii)) (If loss, put the figure in negative) the benefit of carry forward and set of loss, please use ITR -2 B4 PART C - DEDUCTIONS AND TAXABLE TOTAL INCOME Income (B1+B2+B3+C3(a)(iii)) (If loss, put the figure in negative) the benefit of carry forward and set of loss, please use ITR -2 Gross Total Note: To avail 18 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 80C 80CCC 80CCD(1) Details are indrop down filled in the provided bee-filing utility) to80CCD(1B) tobe filled in the e-filing utility) Details are to indrop down to be provided in 80CCD(2) Details are the drop in e-filing utility) to be filled in down t....
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....etails are to (Details are to be (Details are to (Details are to Details are to beare to bebe filled in the Details are to to be filled in be filled in thefilled in the dropbe filled in thebe filled in theare to be bedrop down to bedrop down tofilled in the dropthe dropbe provided indrop down to down to be down todown to bee-filing utility) be provided in provided e-provided in e-be provided inthe drop 80EEA Details filled be provided in filing utility) are to the dropthe down the drop down 80GG Details are e-filing utility) to be provided in to be filled in the provided 80GGA (Details are down to e-filing utility) to be filled ine-filing utility) (Details are to dropdrop down to bebe provided in 80GGC inbe filled in the 80EEB (Details infilled in e-filingutility) e-utility) provided beare to beto todown to 80G inthe (Details are drop e-filing be filled in dropdown to be beprovided in 80U (Details are to be filled in theas drop down to provided in e- filing utility) Deduction per the e- befiling utility Any other Details are to ....
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....)/ Payer(s)/ Collector(s)] S. No. TAN of deductor/Collector or PAN/ Aadhaar No. of the Tenant Name of the Deductor/ Collector/Tenant Section under which TDS is deducted Gross payment/ receipt which is subject to tax deduction /collection Year of tax deduction/ collection Tax Deducted/ collected TDS/TCS credit out of (6) claimed this Year Col (1) Col (2) Col (3a) Col (3b) Col (4) Col (5) Col (6) Col (7) T1 T2 son/ daughter of solemnly declare that to the best of my knowledge and belief, Seal, Date & Sign of the information given in the return is correct and complete and is in accordance with the provisions of the Income-tax Act, Receiving Official and I am also competent to make this return and verify it. I am holding permanent account number see instruction). Date: VERIFICATION Stamp Receipt No., I, 1961. I further declare that I am making this return in my capacity as (drop down to be provided in e-filing utility) (Please Signature: If the return has been prepared by a Tax Return Preparer (TRP) give further details below: Identification No. of TRP Name of TRP Counter Signature of TRP If TRP is entitled for any reimbursement from the Government, ....
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....est of my knowledge and belief, Seal, Date & Sign of the information given in the return is correct and complete and is in accordance with the provisions of the Income-tax Act, Receiving Official and I am also competent to make this return and verify it. I am holding permanent account number see instruction). Date: VERIFICATION Stamp Receipt No., I, 1961. I further declare that I am making this return in my capacity as (drop down to be provided in e-filing utility) (Please Signature: If the return has been prepared by a Tax Return Preparer (TRP) give further details below: Identification No. of TRP Name of TRP Counter Signature of TRP If TRP is entitled for any reimbursement from the Government, amount thereof '; (b) for FORM ITR-4, the following FORM shall be substituted, namely: - Assessment Year 2026-27 INDIAN INCOME TAX RETURN [For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE, and having long-term capital gains under section 112A upto Rs. 1.25 lakh] FORM ITR-4 SUGAM [Not for an....
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....i. Have you filed ITR 3/4 in past and have re-entered new tax regime by filing form 10IEA for any assessment year subsequent to assessment year in which first form 10IEA was filed for choosing old tax regime? (Tick) Yes No (a) If answer to A23(A)(ii) is Yes, provide the acknowledgement number of second form 10IEA and assessment year for which this form for choosing new tax regime was filed, and furnish ITR in new tax regime. (b) If answer to A23(A)(ii) is No, have you furnished form 10IEA for re-entering in new tax regime in current assessment year? (Tick) Yes No (b)(i) If yes, then provide the acknowledgement number of form 10IEA and furnish ITR in new tax regime, (b)(ii) If No, then furnish ITR in old tax regime. (B) If answer to A23 is No: Have you furnished form 10IEA within due date for current assessment year for choosing old tax regime? (Tick) Yes No i. If answer to A23(B) is Yes, provide the acknowledgement number of form 10IEA, and then furnish return in old tax regime, ii. If answer to A23(B) is No, furnish ITR in new tax regime. Note- The default regime under section 115BAC(1A) is the 'new regime'. 'Old regime' can be chosen by opting out of new ....
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....dule BP) B1 B2 i Gross Salary (ia + ib + ic) i SALARY / a Salary as per section 17(1) ia b Value of perquisites as per section 17(2) ib c Profit in lieu of salary as per section 17(3) ic N ii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3) ) ii ii Net Salary (i - ii) iii iv Deductions u/s 16 (iva + ivb + ivc) a Standard deduction u/s 16(ia) Iva b Entertainment allowance u/s 16(ii) ivb c Professional tax u/s 16(iii) ivc v Income chargeable under the head 'Salaries' (iii - iv) B2 iv Deductions u/s 16 (iva + ivb + ivc) B3 Details of Income from House Property (Drop down to be provided indicating ownership of property) Address of property 1 Town/ City Pin Code/ ZIP Code Country State Is the property co-owned? o Yes o No (if "YES" please enter following details) Your percentage of share in the property (%) Name of Co-owner(s) PAN/Aadhaar No. of Co-owner (s) Percentage Share in Property HOUSE PROPERTY I II [Tick the applicable option] Let out Self- occupied Deemed let out Name(s) of PAN/Aadhaar No. of ....
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.... C7 80DD (Details to be filled in drop down to be provided in C8 80DDB (Details to be filled in drop down to be provided in C9 80E (Details are to be filled in the drop down to be provided in e- filing utility) C10 80EE Details are to be filled in the drop down to be provided in e- filing utility) C11 80EEA Details are to be filled in the drop down to be provided in e- filing utility) C12 80EEB Details are to be filled in the drop down to be provided in e-filing utility) C13 80G Details to be filled in drop down to be provided in e- filing utility) C14 80GG Details are to be filled in the drop down to be provided in e- filing utility) C15 80GGC (Details are to be filled in the drop down to be provided in e-filing utility) C16 80TTA C17 80TTB C18 80U (Details to be filled in the drop down to be provided in e- filing utility) C18a 80CCH C18b Any deduction as per the filing utility Other(Details are to e-provided in e- be filled in the drop down to be filing utility) C19 Total deductions (Add items C1 to C18b) C19 C20 Taxable Total Income (B5 - C19 ) C20 Any deduction as per the filing utility Other(Details are to e-provided in e- be fille....
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..... In case multiple accounts are selected, refund will be credited to one of the validated accounts decided by CPC after processing the return. SCHEDULE BP - DETAILS OF INCOME FROM BUSINESS OR PROFESSION COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD S. Name of Business Business code Description No. (i) E1 Gross Turnover or Gross Receipts (E1 limited to Rs.2 Crores, however if [E1b+ E1c] is less than or equal to 5% of E1 then the limit under E1 is extended to Rs.3 Crores.) a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or prescribed electronic modes received before specified date E1a b Receipts in Cash E1b c Any mode other than a and b E1c E2 Presumptive Income under section 44AD a 6% of E1a or the amount claimed to have been earned, whichever is higher E2a b 8% of (E1b+E1c) or the amount claimed to have been earned, whichever is higher E2b c Total (a + b) E2c NOTE-If Income is less than the above percentage of Gross Receipts, it is mandatory to have a tax audit under 44AB & other ITR as applicable has to be filed. COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SE....
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....E11 E12 Secured loans E12 E13 Unsecured loans E13 E14 Advances E14 E15 Sundry creditors E15 E16 Other liabilities E16 E17 Total capital and liabilities (E11+E12+E13+E14+E15+E16) E17 E18 Fixed assets E18 E18a Investments E18a E19 Inventories E19 E20 Sundry debtors E20 E21 Balance with banks E21 E22 Cash-in-hand E22 E23 Loans and advances E23 E24 Other assets E24 E25 Total assets (E18+E18a+E19+E20+E21+E22+E23+E24) E25 NOTE Please refer to instructions for filling out this schedule (E15, E19, E20, E21, E22 are mandatory and others if available) 25 [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण SCHEDULE IT DETAILS OF ADVANCE TAX AND SELF ASSESSMENT TAX PAYMENTS BSR Code Date of Deposit (DD/MM/YYYY) Challan No. Tax paid Col (1) Col (2) Col (3) Col (4) R1 R2 R3 Enter the totals of Advance tax and Self-Assessment tax in D13 & D14 Schedule TCS Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)] Sl No. Tax Collection Account Number of the Colle....