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The Government will notify the new income tax return (ITR) forms aligned with the Income Tax Act, 2025 before the 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary informed on Monday. The clarification came as part of a written reply in the Lok Sabha. Chaudhary said the Central Board of Direct Taxes (CBDT) committee on simplification of ITR forms is currently holding wide-ranging consultations with tax experts, professional bodies and field formations of the Income Tax Departm
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FAQ :
The new ITR forms, aligned with the Income Tax Act, 2025, will be notified before the 2027-28 fiscal year.
The aim is to make the tax return forms more streamlined, easier to understand, and taxpayer-friendly, with a reduced compliance burden.
The Income Tax Act, 2025, will come into force from April 1, 2026, replacing the Income Tax Act of 1961.
A Central Board of Direct Taxes (CBDT) committee is consulting with tax experts, professional bodies, and field formations of the Income Tax Department.
Yes, the ITR forms under the 2025 Act will incorporate changes arising from amendments proposed in Budget 2026.
For the current assessment year (AY 2026-27), the consolidation and simplification of ITR forms are ongoing under the existing Income Tax Act, 1961.
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