With the start of the new financial year on April 1, the government has officially notified the Income Tax Return (ITR) forms for Assessment Year 2026-27. This marks the beginning of the new filing season, allowing taxpayers to prepare and submit their returns in the coming weeks.
The Income Tax Department has already released key forms including ITR-1 (Sahaj), ITR-2, ITR-4 (Sugam), and ITR-6. These forms are used by different categories of taxpayers depending on their income sources, such as salaried individuals, professionals, and businesses.
When Can You Start Filing ITR for AY 2026-27
Although the forms have been notified, the actual filing process depends on the availability of utilities. The department is expected to enable offline utilities first, followed by online filing options on the official portal.
As per experts, ITR filing usually begins in April itself. Since the forms have already been released this year, the process is likely to start without delays. However, salaried taxpayers are advised to wait until they receive their Form 16 before filing their returns, as it contains essential details about salary income and tax deducted at source.
Types of ITR Forms and Their Use
Different ITR forms cater to different taxpayers. ITR-1 is generally for salaried individuals with simple income structures. ITR-2 is used by individuals and Hindu Undivided Families with capital gains or multiple income sources. ITR-4 is meant for small businesses and professionals under presumptive taxation schemes, while ITR-6 is applicable to companies.
Choosing the correct form is important to avoid errors and ensure smooth processing of returns.
Important Rules for This Year’s Tax Filing
A key point for taxpayers this year is the implementation of the Income Tax Act, 2025, which has replaced the older Income Tax Act, 1961 from April 1, 2026. However, for the current filing season, taxpayers will still follow the provisions of the 1961 Act.
This is because the returns being filed now relate to income earned during the financial year 2025-26. The new law will apply only to income earned on or after April 1, 2026. Terms like “Previous Year” and “Assessment Year” will continue to be used for now.
Deadline and Key Advice for Taxpayers
The last date to file Income Tax Returns for AY 2026-27 is July 31, 2026, for most individual taxpayers. Filing returns on time is essential to avoid penalties and ensure faster refunds.
Taxpayers should keep all necessary documents ready, including Form 16, bank statements, investment proofs, and details of other income. It is also advisable to verify all information carefully before submission to avoid errors or notices later.
Conclusion
The notification of ITR forms for AY 2026-27 signals an early and smooth start to this year’s tax filing season. With utilities expected to go live soon, taxpayers should begin preparing their documents and stay updated with official announcements. Filing returns correctly and on time will help ensure a hassle-free experience.
