ITR forms for AY 2026-27: If you dabble in intraday trading or F&O (futures and options), be cautious. ITR-3 now requires you to report every penny of speculative income, F&O trades, and intraday transactions.
Add informalnewz.com as a Preferred Source
Income Tax Return FY26: If you’re a taxpayer, this news is extremely important for you. The Income Tax Department has released new ITR forms for assessment year 2026-27, or financial year 2025-26. This time, the government has tightened disclosure rules. Whether you’re employed, trading in the stock market, or running a small business, the new forms include several important changes. You should be aware of these important changes before filling out the forms.
ITR-1 (Sahaj): Big relief for homeowners
The ITR-1 form is for those with annual income up to ₹50 lakh. This time, some positive changes have been made to it. Taxpayers can now report income from two house properties directly in ITR-1. Previously, the rules for this were quite strict. Furthermore, long-term capital gains (LTCG) up to ₹1.25 lakh can now be reported through this form.
ITR-2: A close eye on foreign assets and crypto
The ITR-2 form is for those who do not have a business as their source of income but earn from the stock market or other investments. More detailed information will now be required about foreign assets, foreign income, and crypto holdings. One significant relief is that there will no longer be a need to provide a separate breakdown of capital gains before and after July 23, 2024.
ITR-3 and ITR-4: Stricter rules for traders and professionals
If you engage in intraday trading or F&O (futures and options), be cautious. ITR-3 now requires you to provide detailed information about speculative income, F&O trades, and intraday transactions. The information you provide will now be directly compared with AIS and GST turnover. If discrepancies are found in your data, you may receive a notice from the department.
ITR-4 (Sugam) Bank Balance Details: It is now mandatory for small business filers to provide their bank balance details in certain cases.
Which ITR form for whom?
| Form | Who is it for? |
| ITR-1 | Residents with salary up to ₹50 lakh, pension and income from one or two houses. |
| ITR-2 | Individuals with capital gains, foreign assets or income exceeding ₹50 lakh (without business income). |
| ITR-3 | Stock market traders, professionals and business people. |
| ITR-4 | Small traders and freelancers who opt for ‘presumptive taxation’ (44AD/44ADA). |
No change in tax slabs
While the form formats and methods for requesting information have changed, the government has not made any changes to the income tax slab rates under the old and new regimes. These new changes are being implemented under the Income Tax Act, 2025, which aims to curb tax evasion and simplify compliance.
Read More: LPG Delivery and Price Update: Big update from Indane, HPCL and Bharat Gas regarding delivery of LPG cylinders
