The Central Board of Direct Taxes (CBDT) has released a corrigendum on April 10, 2026, introducing multiple corrections to the Income Tax Return (ITR) forms notified earlier on March 30, 2026. These amendments aim to remove inconsistencies, correct drafting errors, and enhance clarity in tax reporting for Assessment Year 2026-27.
The corrigendum spans across ITR-1, ITR-4, and several key schedules such as Capital Gains (CG), Other Sources (OS), CYLA and more.
Changes in ITR-1 (Sahaj)
One of the most notable changes has been made in ITR-1, specifically in Schedule-IT.
- The existing Schedule-IT has been replaced with a revised format.
- The updated schedule now captures:
- BSR Code
- Date of Deposit
- Challan Serial Number
- Amount of Tax Paid
This change ensures better reporting of advance tax and self-assessment tax payments, improving transparency and reconciliation.
Changes in ITR-4 (Sugam)
For ITR-4, corrections have been made in the Gross Total Income section (Part B) :
- In Schedule Salary, row B2:
- Sub-row (ii) has been renumbered as (iii).
- Minor typographical correction:
- "Iva" replaced with "iva"
These changes are largely structural but are important for accurate data entry and system validation.
Key Changes in Schedule CG (Capital Gains)
Several corrigenda address inconsistencies in Schedule CG across different forms:
- Incorrect references like "6c – 6d" replaced with "5c – 5d"
- Renaming of fields such as:
- "B12a" corrected to "B11a"
- Introduction of new row:
- Reporting of pass-through income/loss in the nature of short-term capital gains (via Schedule PTI)
- Deletion of redundant sub-rows and correction in numbering
These updates aim to align capital gains reporting with revised computation structures.
Changes in Schedule OS (Other Sources)
- Removal of greyed-out cells under specific date columns:
- "Up to 15/6"
- "16/6 to 15/9"
This improves usability and avoids confusion in income classification under Other Sources.
Updates in Schedule CYLA & CFL
- Corrections in formula references:
- "2xv" replaced with "2xiv"
- Adjustments in carry-forward and set-off computation logic
These are critical for ensuring accurate loss adjustment and carry-forward calculations .
Changes in Schedule IT & Tax Payment Reporting
- Revised format for capturing advance tax and self-assessment tax
- Standardized reporting fields to ensure consistency across returns
Other Notable Corrections
Additional changes include:
- Removal of redundant columns in Schedule 112A and 115AD
- Typographical corrections like:
- "QUITY" replaced with "EQUITY"
- Adjustments in MAT credit (Schedule MATC) references
- New disclosure line added:
- "Wrong heads of income chosen" under general information section
Impact on Taxpayers and Professionals
The corrigendum primarily focuses on technical corrections, structural alignment, and improved clarity rather than policy changes. However, these updates are significant because:
- They reduce the chances of filing errors
- Improve data accuracy and validation
- Ensure smoother ITR processing and compliance
Taxpayers, Chartered Accountants and tax professionals are strongly advised to refer to the updated ITR utilities and forms before filing returns for AY 2026-27.
Click here to check the official copies of the notification
Conclusion
The CBDT's corrigendum reflects a continued effort to refine and streamline the new ITR framework introduced for 2026. While the changes may appear minor individually, collectively they play a crucial role in ensuring accurate tax reporting and compliance efficiency.
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