New ITR Rules & Forms: When will they be released and how will your ITR change?

The Central Board of Direct Taxes (CBDT) has indicated that new Income Tax rules and ITR forms will be released on time under the upcoming tax law. The revised forms aim to simplify tax filing, improve transparency, and enhance digital compliance.

Post Published By: Sona Saini

Updated : 5 February 2026, 9:20 AM IST

New ITR Rules and Forms to Be Released Soon Under New Income Tax Law

New Delhi: There has been considerable confusion among taxpayers regarding the new Income Tax Act for a long time. The Central Board of Direct Taxes (CBDT) has now provided important guidance on this matter. CBDT Chairman Ravi Agarwal stated that the rules and return forms of the new Income Tax Act will be released in a timely manner, prioritizing taxpayer convenience.

New rules will make ITR more simple and transparent

According to the CBDT Chairman, the objective of the new Income Tax Act is to make the tax system simple, transparent, and taxpayer-friendly. The new ITR forms will be designed to minimize the hassle of filing returns for the average taxpayer and eliminate the need to fill in unnecessary information.

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Taxpayer Responsibilities Will Be More Clear

The new rules will further clarify taxpayer responsibilities. Emphasis is being placed on presenting provisions related to income, investments, exemptions, and tax liability in simple language. This is expected to reduce tax disputes.

Focus will be on digital system

The CBDT has clarified that the new ITR forms will be fully digitally compliant. Faceless assessment, e-verification, and online refund processes will be further strengthened. The aim is to make the process from tax filing to refund faster and more transparent.

When will new ITR forms be released?

According to the CBDT, the new ITR forms for the assessment year 2026-27 are scheduled to be released within the stipulated timeframe. The Board states that there will be no delay in releasing the forms so that taxpayers can file their returns on time. Stakeholder suggestions are also being sought before finalizing the new forms.

What changes may occur?

The reporting of sources of income may be further clarified in the new ITR forms. Furthermore, information related to capital gains, digital assets, foreign income, and high-value transactions will be better incorporated. Additionally, the use of data analytics will be increased to prevent tax evasion.

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What should taxpayers do?

Experts believe that taxpayers should keep an eye on the new rules and forms. It will be essential to prepare income and investment documents on time. The implementation of the new system will simplify tax filing, but providing accurate information will become more important than ever.

Overall, the new Income Tax Act rules and ITR forms point to major changes in the tax system. The CBDT claims that this will reduce taxpayer burden and promote tax compliance. All eyes are now on the official announcement of the new rules and forms.