Key changes notified in ITR-1 to ITR-5 and ITR-7 for AY 2026-27

 The Central Board of Direct Taxes, in exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (‘the Act’) recently vide multiple notifications (Notification No. 57/2026 to Notification No. 60/2026 and Notification No. 62/2026) introduced various income-tax return forms (ITR-1 to ITR-5 and ITR-7) applicable for AY 2026-27.

A comprehensive overview of the key changes in various ITR forms are tabulated below:

Relevant ITR forms	Schedule/ Part	Key Changes
ITR-1 to ITR-5 and ITR-7	General	Reporting of fee for revised return: The ITR forms now provide for reporting of fee paid under Section 234-I for furnishing a revised return within the extended time limit.
	Part A - General	Introduction of secondary address and contact details: The forms now provide for reporting of primary and secondary addresses, along with primary and secondary mobile numbers and email IDs, thereby improving communication and correspondence details in the return.
	Representative Assessee Details	Rationalisation of representative assessee details: The forms now seek limited details of the representative assessee, namely name, email ID and contact number.
ITR-1 to ITR-5	Schedule 80GGC	Additional details for political contributions: Taxpayers claiming deduction under Section 80GGC are now required to furnish the name and PAN of the political party to whom the contribution has been made.
	Schedule 80G	Additional donation payment details: For claiming deduction under Section 80G, taxpayers are now required to provide the transaction reference number for UPI / cheque / IMPS / NEFT / RTGS payments and the IFSC code of the bank.
	Schedule Salary - ITR 2 and ITR 3 Part B Gross Total Income - ITR 1 and ITR 4 Except in ITR-5	Removal of “Others” category for exempt allowances: The “Others” option for claiming exempt allowances under Section 10 has been removed. Taxpayers can now claim exemption only for allowances specifically listed in the return form, ensuring more standardised reporting.
ITR-1 and ITR-4	Foreign Retirement Account Reporting	Removal of foreign retirement account fields: · Section 89A allows tax deferral on income from notified foreign retirement benefit accounts until withdrawal, subject to filing Form 10-EE. · For AY 2026-27, related disclosure fields have been removed as taxpayers with foreign assets and income are not eligible to file ITR-1 and ITR-4. · The change removes redundant disclosures and aligns the forms with eligibility conditions.
ITR-2	Schedule HP	Separate reporting of unrealized rent: A dedicated field has been introduced to separately report rent that could not be realised from tenants, enabling more accurate reporting of income from house property.
		Mandatory disclosure of tenant details: Tenant details are now required to be reported in specified cases. Where TDS is deducted under Section 194-IB, the tenant’s PAN or Aadhaar must be furnished, and where TDS is deducted under Section 194-I, the tenant’s TAN must be reported.
ITR-2, ITR-3, ITR-5 and ITR-7	Schedule OS	Reporting of interest from companies, NBFCs and HFCs: Interest income earned from companies, NBFCs and Housing Finance Companies is required to be reported under the “Other” category in Schedule OS, where such income is not treated as business income.
		Separate reporting for interest taxable at 9%: A specific field has been introduced to report certain interest income taxable at a concessional rate of 9%, including eligible interest referred to under Section 194LC.
	Schedule CG	Removal of bifurcated capital gains reporting: The requirement to separately report capital gains arising before and on or after 23 July 2024 has been removed, as the bifurcation was relevant only for the transitional period in AY 2025-26.
ITR-3 and ITR-5	Part A - Trading Account	Separate reporting for F&O turnover and income: Specific columns have been introduced to report turnover from Futures & Options trading and the related income credited to the Profit and Loss Account.
	Part A - OI (Other Information)	Reporting of MSME interest disallowance: A new reporting field has been introduced to disclose interest paid or payable on delayed payments to Micro and Small Enterprises. Such interest is not allowable as deduction under Section 23 of the MSMED Act, 2006.
	Part A - P&L	Reporting of presumptive income of non-residents: New fields have been introduced for reporting gross receipts / turnover and net profit from businesses covered under Sections 44B, 44BB, 44BBA, 44BBC and 44BBD.
	Schedule IF	Disclosure of interest and remuneration from partnership firms: Partners are now required to separately disclose the amount of interest and remuneration due or received from partnership firms during the relevant financial year.
ITR-3, ITR-5 and ITR-7	Schedule Part A - General	Rationalisation of auditor details: The details required in respect of the auditor have been streamlined. The forms now primarily seek the following details: ·       Date of furnishing of the audit report, ·       Acknowledgement number, ·       Name of auditor / firm and ·       PAN of the proprietorship / firm.
ITR-4	Financial Particulars of Business	Disclosure of investments by presumptive taxpayers: Taxpayers opting for presumptive taxation are now required to disclose the amount of investments made during the year under the financial particulars of business.
ITR-7	Schedule J	Reporting of total value of investments: The disclosure requirement has been changed from “nominal value of investment” to “total value of investment” in respect of investments made by trusts or institutions in concerns where specified persons have substantial interest. This may widen the scope of review for determining the prescribed investment threshold.
	Part A - General	Validity period of registration under other laws: Trusts and institutions are now required to disclose the validity / expiry date of registrations or approvals obtained under laws other than the Income-tax Act, such as FCRA, DARPAN, SEBI or any other applicable regulatory framework.
	Part A- General Details of specified persons / substantial contributors	Revised reporting of substantial contributors: The reporting requirement has been aligned with the amended threshold under Section 13(3)(b). Details are now required where contribution exceeds Rs. 1 lakh during the year or Rs. 10 lakhs in aggregate up to the end of the relevant previous year.
	Schedule PP - Political Party	Disclosure of authority for report submission: Political parties are now required to disclose the authority to whom the prescribed report has been submitted, i.e., the Election Commission of India or the concerned State Election Commission.

These changes reflect the intention of the CBDT to promote ease of compliance by reducing the burden and simplifying income-tax return filing for assessee.