Draft Income Tax Rules 2026: How ITR forms are evolving – top changes explained
New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted, allowing for two property ownership and expanding disqualifications to include new income streams. Taxpayers must carefully evaluate their eligibility annually to avoid defective returns.🕒 1 min read
New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted, allowing for two property ownership and expanding disqualifications to include new income streams. Taxpayers must carefully evaluate their eligibility annually to avoid defective returns.
Continue Reading
-
“Criminal To Love?” Top Court Asks, Junks Plea Over Muslim Girl’s Marriage
- History rewritten! Rohit smashes past Afridi to become leading six-hitter in ODIs
-
“First Whistle, Then Boom”: Ex-Hostage’s Biggest Fear In Hamas Captivity
- IND vs ENG Live: Rain likely to disrupt play as India desperately eye breakthroughs
- Super 8s: New Zealand wary of Usman Tariq threat but back familiarity vs Pakistan
-
Sunil Gavaskar Goes Blunt As Sanju Samson Falls After Fiery Start vs Zimbabwe: “Has Got Out So Many Times”
-
Opinion: Inside The “Rational Frenzy” Driving The AI Super-Cycle
- GST overhaul to boost consumer spending; FMCG, footwear QSRs, grocery sector to gain: Report
- AI, IT gains lift India’s white-collar hiring 12% in February: Report
-
‘Ensure Celina Jaitly Can Contact Brother Detained In UAE’: Delhi High Court To Centre