NRI Income Tax Compliance

New Income Tax Form 2026: List and Changes Guide

Hatim Dudhiyawala
Written by Hatim Dudhiyawala
Updated on: May 22, 20266 mins Editorial Standards
New Income Tax Forms

Indian taxation has undergone a major transformational shift over the past six decades. As we know, the Income Tax Act 2025 came into effect, replacing the old Income Tax Act 1961. The Central Board of Indirect Taxes (CBDT) has notified a revised set of income tax forms under the new Income Tax Rules, 2026. These rules and forms are effective from April 1, 2026.

These changes are specific and have entirely restructured the forms.

In this blog, we will discuss the changes rolled out by the CBDT regarding the new income tax forms for 2026 and more.

Key Takeaways
  • The biggest change in the new 2026 income tax form is the restructuring, renumbering, and simplification of many of its sections.
  • ITR Forms 1-7, including ITR-U and ITR-V, have been notified by the CBDT (Central Board of Direct Taxes for the FY 2025-26 (AY 2026-27).
  • The taxpayer must pay special attention to the new forms because using the wrong form can lead to delays, filing errors, or a defective return notice.

The Income Tax Form 2026 Changes

The new income tax rules for 2026 introduce major changes to the numbering and structure of some commonly used tax forms.

The Key Form Changes Include

  • Form 16 is no Form 130
  • Form 26AS is now Form 168
  • Form 15G and Form 15H have been merged into a single form, Form 121.
  • The tax audit forms, such as 3CA, 3CB, and 3CD, are consolidated into a single Form 26.

The CBDT has made these changes with the sole aim of simplifying tax compliance, standardizing reporting formats, and aligning form documentation with the new IT Act 2025 framework.

New Income Tax Form 2026 Effective Date

The new Income Tax Act 2025 and the new Income Tax Rule 2026 are effective from April 1, 2026, and apply to the Tax Year 2026-27 (i.e., income earned from April 1, 2026).

Furthermore, for all proceedings, TDS certificates, assessments, notices, and filings related to the financial year 2025-26 and earlier, the old Income Tax forms and the old Income Tax rules, 1961, will continue to apply.

New Income Tax Form 2026

Form No. (IT Rules 2026) Form No. (IT Rules 1962) Description
Form No. 1 3BB Monthly Statement to be furnished by a stock exchange in respect of transactions in which client codes have been modified after registering in the system
Form No. 2 5B Application for notification of a zero coupon bond under section 2(112)
Form No. 3 5BA Certificate of an accountant under rule 7 for entity issuing zero coupon bond
Form No. 4 3CT Income attributable to assets located in India under section 9(10)(a)
Form No. 5 3AF Statement regarding preliminary expenses incurred by the assessee to be furnished under Section 44(3)
Form No. 6 3AE Audit Report for claiming deduction for certain preliminary expenses under section 44 or expenditure for prospecting certain minerals under section 51
Form No. 7 3CG Application for approval of scientific research programme under section 45(3)(c)
Form No. 8 3CH Order of approval of Scientific Research Programme under section 45(3)(c)
Form No. 9 3CI Receipt of payment for carrying out scientific research under section 45(3)(c)
Form No. 10 3CJ Report to be submitted by the prescribed authority to the Chief Commissioner of Income-tax having jurisdiction over the sponsor after approval of scientific research programme under section 45(3)(c)
Form No. 11 3CK Application for entering into an agreement with the Department of Scientific and Industrial research for cooperation in In-house research development facility
Form No. 12 3CL Report to be submitted by the prescribed authority to the Chief Commissioner of Income-tax having jurisdiction over the company
Form No. 13 3CLA Report from an accountant to be furnished under Section 45(2) relating to in-house scientific research and development facility
Form No. 14 3CM Order of approval of in-house research and development facility under section 45(2)
Form No. 15 New Form Statement to be filed by research association, university, college or other institution or company (“donee”) under section 45(4)(a)
Form No. 16 New Form Certificate of donation under section 45(4)(a) made to the research association, university, college or other institution or company
Form No. 17 3CF Application for approval of a company under section 45(3)(b) and of a research association, university, college or other institution under section 45(4)(b)
Form No. 18 3CN Application for notification of affordable housing project as specified business under section 46
Form No. 19 3CS Application for notification of a semiconductor wafer fabrication manufacturing unit as specified business under section 46
Form No. 20 3C-O Application for approval of agricultural extension project under section 47(1)(a)
Form No. 21 3CP Form for notification of agricultural extension project under section 47(1)(a)
Form No. 22 3CQ Application for approval of skill development project under section 47(1)(b)
Form No. 23 3CR Form for notification of skill development project under section 47(1)(b)
Form No. 24 3CE Audit Report under section 59 for computation of royalty and fee for technical services in the case of nonresident (not being a company) or a foreign company
Form No. 25 3C Form of daily case register
Form No. 26 3CA, 3CB, 3CD Audit report and Statement of particulars required to be furnished under section 63
Form No. 27 5C Details of amount attributed to capital asset remaining with the specified entity
Form No. 28 3CEA Report of an accountant to be furnished by an assessee under section 77(4) of the Act relating to the computation of capital gains in the case of slump sale
Form No. 29 62 Certificate from the principal officer of the amalgamated company and duly verified by an accountant regarding achievement of the prescribed level of production and continuance of such level of production in subsequent years
Form No. 30 10-IA Certificate of the medical authority for certifying 'person with disability‘, ‗severe disability‘,'autism‘, ‗cerebral palsy‘ and 'multiple disability‘ for purposes of section 127 and section 154 of the Act.
Form No. 31 10BA Declaration to be filed by the assessee for claiming deduction under section 134 of the Act for rents paid
Form No. 32 New Form Audit report under section 46, 138, 139, 140(8), 141, 142, 143 and 144 of the Act
Form No. 33 56FF Particulars to be furnished in respect of units established under Special Economic Zone for claiming deduction under section 144 of the Act
Form No. 34 10DA Report for deduction in respect of additional employee cost under section 146 of the Act
Form No. 35 10CCF Report for deduction in respect of income of Offshore Banking Units and Units of International Financial Services Centre under section 147(4)(a) of the Act
Form No. 36 10CCD Certificate under section 151(5) of the Act for authors of certain books in receipt of royalty income
Form No. 37 10CCE Certificate under section 152(5) of the Act for Patentees in receipt of royalty income
Form No. 38 10H Certificate of foreign inward remittance
Form No. 39 10E Form for claiming relief under section 157(1) of the Act in case of receipt of additional salary, or gratuity or Retrenchment Compensation or commutation of pension
Form No. 40 10-EE Exercise of option for relief from taxation in income from retirement benefit account maintained in a notified country under section 158 of the Act
Form No. 41 10F Information to be provided under section 159(8)
Form No. 42 10FA Application for Certificate of residence for the purposes of an agreement under section 159(1) and 159(2)
Form No. 43 10FB Certificate of residence for the purposes of section 159
Form No. 44 67 Statement of income from a country or region outside India and Foreign Tax Credit
Form No. 45 New Form Intimation of settlement of dispute regarding foreign tax for which credit has not been claimed
Form No. 46 New Form Exercise of option for determination of arm‘s length price (ALP) under section 166(9)
Form No. 47 New Form Certificate of an accountant under section 166
Form No. 48 3CEB Report from an accountant to be furnished under section 172 relating to international transaction(s) and/or specified domestic transaction(s)
Form No. 49 3CEFA, 3CEFB & 3CEFC Application for opting for Safe Harbour
Form No. 50 3CEC Application for a pre-filing consultation
Form No. 51 3CED & 3CEDA Application for an Advance Pricing Agreement (APA)
Form No. 52 3CEF Annual Compliance Report on Advance Pricing Agreement
Form No. 53 3CEEA Form for filing particulars of past years for calculating relief in tax payable under section 206(1)
Form No. 54 New Form Application for Renewal of an Advance Pricing Agreement (APA)
Form No. 55 34F Form of application for an assessee, resident in India, seeking to invoke mutual agreement procedure provided for in agreements with other countries or specified territories
Form No. 56 3CEAA Information and document to be furnished by the person who is a constituent entity under section 171(4)
Form No. 57 3CEAB Intimation by a designated constituent entity, resident in India, of an international group, for the purposes of section 171(4)
Form No. 58 3CEAC Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for the purposes of section 511(1)
Form No. 59 3CEAD Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 511(2) or section 511(4)
Form No. 60 3CEAE Intimation on behalf of the international group for the purposes of section 511(5)
Form No. 61 10FC Authorisation for claiming deduction in respect of any payment made to any financial institution located in a notified jurisdictional area
Form No. 62 3CEG Form for making the reference to the Commissioner of Income-tax by the Assessing Officer under section 274(1)
Form No. 63 3CEH Form for returning the reference made under section 274
Form No. 64 3CEI Form for making reference to the Approving Panel and for recording the satisfaction by the Commissioner before making a reference to the Approving Panel under section 274(4)
Form No. 65 3CFA Form for opting for taxation of income by way of royalty in respect of patent
Form No. 66 29B Report for Computation of Book Profit for the purposes of section 206(1) of the Act
Form No. 67 29C Report for computation of adjusted total income and alternate minimum tax for the purposes of section 206(2) of the Act
Form No. 68 10-IG Statement of exempt income under Schedule VI [Table: Sl. Nos. 1 to 4]
Form No. 69 10-IH Statement of income of a specified fund eligible for concessional taxation under section 210(2) of the Act
Form No. 70 10-IK Annual Statement of exempt income and income taxable at concessional rate for an investment division of an offshore banking unit
Form No. 71 10-IL Verification by an accountant for computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for purposes of Schedule VI to the Act
Form No. 72 64E Statement of income paid or credited by a securitisation trust to be furnished under section 221
Form No. 73 64F Statement of income distributed by a securitisation trust to be provided to the investor under section 221
Form No. 74 64 Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 222
Form No. 75 New Form Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be provided to the person who is liable to tax under section 222
Form No. 76 64A Statement of income paid or credited by business trust to be furnished under section 223
Form No. 77 64B Statement of income distributed by a business trust to be provided to the unit holder under section 223
Form No. 78 64C Statement of income distributed by an investment fund to be provided to the unit holder under section 224
Form No. 79 64D Statement of income paid or credited by investment fund to be furnished under section 224
Form No. 80 65 Application for *exercising/renewing option for the tonnage tax scheme under * section 231(1) or 231(10)
Form No. 81 66 Audit Report under section 232(21) for tonnage tax scheme
Form No. 82 45 Warrant of authorisation under section 247 of the Income-tax Act, 2025 (30 of 2025) and rule 148 of the Income-tax Rules, 2026
Form No. 83 45A Warrant of authorisation under section 247(2) of the Income-tax Act, 2025 (30 of 2025)
Form No. 84 45B Warrant of authorisation under section 247(3) of the Income-tax Act, 2025 (30 of 2025)
Form No. 85 6C Application under section 247(5) or 247(9) of the Income-tax Act, 2025 (30 of 2025)
Form No. 86 45C Warrant of authorisation under section 248(1) of the Income-tax Act, 2025 (30 of 2025)
Form No. 87 45D Information to be furnished to the Income-tax authority under section 254 of the Income-tax Act, 2025 ( 30 of 2025)
Form No. 88 46 Application for information under section 258(2)(a) of the Act
Form No. 89 47 Form for furnishing information under section 258(2) of the Act
Form No. 90 48 Refusal to supply information under section 258(2)(a) of the Act.
Form No. 91 49 Refusal to supply information under section 258(2)(a) of the Act.
Form No. 92 49BA Quarterly statement to be furnished by specified fund or stock broker in respect of a non-resident referred to in rule 157 for the quarter of ________________ of ___________ (Financial Year)
Form No. 93 49A Application for Allotment of Permanent Account Number
Form No. 94 49A Application for Allotment of Permanent Account Number [For an Indian Company / an Entity incorporated in India/ an Unincorporated Entity formed in India]
Form No. 95 49AA Application for Allotment of Permanent Account Number [For an Individual not being a Citizen of India]
Form No. 96 49AA Application for Allotment of Permanent Account Number [For an Entity incorporated outside India/ an Unincorporated Entity formed outside India]
Form No. 97 60 Form for declaration to be filed by any person (other than a company or firm) or a foreign company covered by sub-rule (2) to rule 159 , who does not have a permanent account number and who enters into any transaction specified in rule 159
Form No. 98 61 Statement containing particulars of declaration received in Form No. 97
Form No. 99 35 Appeal to the Joint commissioner of Income-tax (Appeals) or the Commissioner of Income-tax (Appeals)
Form No. 100 6B Audit report under section 268(5)
Form No. 101 6D Inventory Valuation report under section 268(5)
Form No. 102 71 Application under section 288(1) [Table: Sl. No. 11] for credit of tax deduction at source
Form No. 103 7 Notice of demand under section 289 of the Act
Form No. 104 10A Application for provisional registration or provisional approval
Form No. 105 10AB Application for registration of non-profit organisation under section 332 or approval under section 354
Form No. 106 10AC Order for provisional registration under section 332 or provisional approval under section 354 Rejection of application
Form No. 107 10AD Order for grant of registration under section 332 or approval under section 354 or rejection of application or cancellation of registration or approval granted
Form No. 108 9A Exercise of option under section 341(7) in respect of amount applied for charitable or religious purposes
Form No. 109 10 Statement of accumulation or setting apart of income under section 342(1)
Form No. 110 New Form Application for change of purpose of accumulation or setting apart of income under section 342(5)
Form No. 111 New Form Order under section 342(6) on the request for change of purpose of accumulation or setting apart of income
Form No. 112 10B & 10BB Audit report under section 348 in the case of a registered non-profit organisation (NPO)
Form No. 113 10BD Statement or Correction Statement to be filed by Done under section 354(1)
Form No. 114 10BE Certificate of donation under section 354(1)(g)
Form No. 115 36 Form of appeal to the Appellate Tribunal
Form No. 116 36A Form of memorandum of cross-objections to the Appellate Tribunal
Form No. 117 8 Declaration under section 375(1) of the Act to be made by an assessee claiming that identical question of law is pending before the High Court or the Supreme Court
Form No. 118 8A In the High Court of _______ or Income-tax Appellate Tribunal _______
Form No. 119 34BC Application to the Dispute Resolution Committee under section 379 of the Act
Form No. 120 34C,34D,34DA,34E and 34EA Form of application for obtaining an advance ruling section 383(1) of the Act
Form No. 121 15G, 15H. Declaration under section 393(6) for receipt of certain incomes without deduction of tax
Form No. 122 12B and 12BAA Form for furnishing details of income under section 392(4)(a) for the purposes of making deduction where income is chargeable under the head "Salaries"
Form No. 123 12BA Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof
Form No. 124 12BB Statement showing particulars of claims by an employee for deduction of tax under section 392(5)(b)
Form No. 125 12BBA Declaration to be furnished by Specified Senior Citizen for deduction of tax under Section 393(1) [Table: Sl. No. 8(iii)]
Form No. 126 15C, 15D Application by a person specified in rule 209 for a certificate under section 395(1), for receipt of certain sums without deduction of tax
Form No. 127 27C Declaration under section 394(2) to be made by a buyer for obtaining goods without collection of tax
Form No. 128 13 Application for issuance of certificate for lower or nil deduction of income-tax under section 395(1) and lower collection of income-tax under section 395(3)
Form No. 129 15E Application by a person for a certificate under section 395(2) and 400(3) for determination of appropriate proportion of sum (other than salary) payable to non-resident, chargeable to tax in case of the recipient.
Form No. 130 16 Certificate under section 395 for tax deducted at source on salary paid to an employee under section 392 or pension or interest income of specified senior citizen under section 393(1)
Form No. 131 16A Certificate under section 395(4) for tax deducted at source other than on salary paid to an employee under section 392 or pension or interest income of specified senior citizen under section 393(1)
Form No. 132 16B, 16C, 16D, 16E Certificate under section 395(4) for tax deducted at source
Form No. 133 27D Certificate under section 395(4) for tax collected at source
Form No. 134 49B(1) Form for application for allotment of Tax Deduction and Collection Account Number [TAN] under section 397
Form No. 135 49B(2) Form for application for allotment of Tax Deduction and Collection Account Number [TAN] under section 397
Form No. 136 New Form Application for allotment of Accounts Office Identification Number (AIN)
Form No. 137 24G TDS/TCS Book Adjustment Statement
Form No. 138 24Q Quarterly statement of deduction of tax under section 397(3)(b) of the Act in respect of salary paid to employee under section 392, or income of specified senior citizen under section 393(1) [Table: Sl. No. 8(iii)], for the quarter ended ……….. (June/September/December/March) ……. (Tax Year)]
Form No. 139 26B Form to be filed by the deductor, if he claims refund of sum paid under Chapter XIX of the Act
Form No. 140 26Q Quarterly statement of deduction of tax under section 397(3)(b) in respect of payments made other than salary for the quarter ended…………………………(June/September/December/March) ………………. (Tax Year)]
Form No. 141 26QB, 26QC, 26QD, 26QE Challan-cum-statement of deduction of tax under section 393(1) [Table Sl. No. 2(i), 3(i), 6(ii) and 8(vi)]
Form No. 142 26QF Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 393(1) [ Table: S. No. 8(vi)] to be furnished by an Exchange for the quarter ending ……. June/September/December/March of Tax Year
Form No. 143 27EQ Quarterly statement of collection of tax at source under section 397(3)(b) for the quarter ended………………………….. (June/September/December/March) ……………………….. (Tax Year)
Form No. 144 27Q Quarterly statement of deduction of tax under section 397(3)(b) in respect of payments other than salary made to non-residents for quarter ended…………………………(June/September/December/March) ……………. (Tax Year)]
Form No. 145 15CA Information to be furnished for payments to a non-resident not being a company, or to a foreign company
Form No. 146 15CB Certificate of an accountant for payments to a non-resident, not being a company or to a foreign company
Form No. 147 15CC Quarterly statement to be furnished by an authorised dealer in respect of remittances made for the quarter of ………….. of (Tax Year)
Form No. 148 15CD Quarterly statement to be furnished by a unit of an International Financial Services Centre, as referred to in section 147(1)(b), in respect of remittances, made for the quarter of ………….. of (Tax Year)
Form No. 149 26A Form for furnishing accountant certificate under section 398(2) for person responsible for deduction of tax not to be deemed to be an assessee in default
Form No. 150 27BA Form for furnishing accountant certificate under section 398(2) for person responsible for collection of tax as per section 394(1)[Table: Sl. No. 1 to 5 and 9] not to be deemed to be an assessee in default
Form No. 151  28 Notice of demand under section 289 of the Act for payment of advance tax under section 407(2) or 407(5) of the Act
Form No. 152 28A Intimation to the Assessing Officer under section 407(8) regarding the notice of demand under section 289 of the Act for payment of advance tax under section 407(2)/407(5) of the Act
Form No. 153 57 Certificate under section 413 or 414.
Form No. 154 30A Form of undertaking to be furnished under section 420(1)
Form No. 155 30B No Objection Certificate for a person not domiciled in India under section 420(1)
Form No. 156 30C Form for furnishing the details under section 420(3)
Form No. 157 New form Form for furnishing the certificate under section 420(4)
Form No. 158 31 Application for Certificate under section 420(5)
Form No. 159 33 Clearance Certificate under section 420(5)
Form No. 160 29D Application by a person under section 434 for refund of tax deducted
Form No. 161 68 Form of application under section 440(2)
Form No. 162 49C Annual Statement under section 505
Form No. 163 49D Information and Documents to be furnished by an Indian concern under section 506
Form No. 164 52A Statement to be furnished under section 507 by a person carrying on production of a cinematograph film or engaged in specified activity or both
Form No. 165 61A Statement of Specified Financial Transactions under section 508(1)
Form No. 166 61B Statement of Reportable Account under section 508(1)
Form No. 167 New Form Statement to furnish information on transaction of crypt-asset under section 509
Form No. 168 26AS Annual Information Statement
Form No. 169 New Form Application for registration as a value under section 514
Form No. 170 New Form Report of valuation of Asset under section 514
Form No. 171 - Form of application for registration as authorised income-tax practitioner under section 515
Form No. 172 3CEJA Report from an accountant to be furnished for the purpose of section 9(12) [Schedule I: Paragraph 1(4)] regarding fulfilment of certain conditions by an eligible investment fund
Form No. 173 3CEK Statement to be furnished by an eligible investment fund to the Assessing Officer under section 9(12) [Schedule I: Paragraph 1(4)]
Form No. 174 10BBA Application for notification under Schedule V [Table: Sl. No.7.Note 5(a)(iii)(D)] (Pension Fund)
Form No. 175 10BBB Intimation by Pension Fund of investment under Schedule V [Table: Sl. No. 7] (within one month from the end of the quarter ending on 30th June, 30th September, 31st December and 31st March of the financial year)
Form No. 176 10BBC Certificate of accountant in respect of compliance to the provisions of Schedule V [Table: Sl. No. 7] by the notified Pension Fund
Form No. 177 10BBD Statement of eligible investment received
Form No. 178 10-II Statement of exempt income under Schedule VI [Table: Sl. No. 10]
Form No. 179 10-IJ Certificate to be issued by the accountant under Schedule VI [Table: Sl. No. 10]
Form No. 180 9 Application for grant of approval to a fund referred to in Schedule VII [Table: Sl. No. 2]
Form No. 181 10BC Audit report under rule 289(12) in the case of the electoral trust
Form No. 182 3AC Audit Report under paragraph 2 of Schedule IX for deduction for tea development account, coffee development account and rubber development account
Form No. 183 3AD Audit Report under paragraph 2 of Schedule X for deduction for site restoration fund
Form No. 184 40A/40B Form of nomination/modifying nominations for provident/gratuity fund
Form No. 185 41 Form for maintaining accounts of subscribers to a recognised provident fund
Form No. 186 40C Application for recognition of provident fund under Part-A of the Schedule XI to the Act
Form No. 187 42, 43, 44 Appeal against refusal to recognize or withdrawal of recognition from a provident fund/refusal to approve or withdrawal of approval from a superannuation fund or from a gratuity fund
Form No. 188 New Form Application for approval of superannuation fund or gratuity fund
Form No. 189 59 Application for approval of issue of public companies under Paragraph 1(z)(i) of Schedule XV to the Act
Form No. 190 59A Application for approval of mutual funds investing in the eligible issue of public companies under Paragraph 1(z)(ii) of Schedule XV to the Act
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The Bottom Line

The new income tax form and rules are introduced to simplify ongoing tax compliance for taxpayers, standardize reporting formats, and streamline documentation. The Income Tax Department of India has released the Guidance Note and the FAQs regarding the new income tax forms, which can further be downloaded from the Income Tax portal. This is done to address taxpayers' queries related to the new IT forms.

Savetaxs provides expert assistance to NRIs filing ITR in India. From residential status determination to tax preparation, tax filing, TDS refunds, tax planning, claiming DTAA benefits, and more, our experts help you with all of it, ensuring your cross-border tax compliance is maintained.

Connect with us as we serve our clients 24/7 across all time zones.

Glossary
  • Income Tax: Income Tax, a Type of Direct Tax, is Imposed by the Government on the Income of Individuals or Organisations.
  • Income Tax Act: Income Tax Act, an Act to Manage and Govern the Direct Taxes, by Levying, Collecting, and Administering.
  • Income Tax Department: Income Tax Department, a Part of the Indian Government, Handles the Levying and Collection of the Tax.
  • Income Tax Return: Income Tax Return, Filed by Taxpayers, Contains a Formal Record of the Collected Tax by the Government.
  • ITR Form: Income Tax Return form, a form to report annual income and taxes, used by taxpayers.
  • Income Tax Refund: Check income tax refund status online with PAN and AY under Section 237 after ITR verification.
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Note: This guide is for information purposes only. The views expressed in this guide are personal and do not constitute the views of Savetaxs. Savetaxs or the author will not be responsible for any direct or indirect loss incurred by the reader for taking any decision based on the information or the contents. It is advisable to consult either a CA, CS, CPA or a professional tax expert from the Savetaxs team, as they are familiar with the current regulations and help you make accurate decisions and maintain accuracy throughout the whole process.

About Author
Hatim Dudhiyawala
Hatim Dudhiyawala Certified Public Accountant (CPA)

Hatim Dudhiyawala is a Certified Public Accountant (CPA) with SaveTaxs and specializes in Indian and NRI taxation. He advises individuals, NRIs, and businesses on income tax filing, capital gains taxation, DTAA benefits, fund repatriation, and tax compliance. With experience in cross-border tax matters, Hatim helps taxpayers understand complex regulations and make informed decisions. Through his articles, he shares practical insights to help readers stay compliant and manage their tax obligations with confidence. See Full Bio

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Frequently Asked Questions

The new income tax forms are the updated and restructured tax forms under the new Income Tax Rules 2026, effective from April 1, 2026. 

The forms underwent a transformation because the new Income Tax Act 2025 and Income Tax rules 2026 replaced the old tax framework, which, in turn, led to many forms being evolved and renamed. 

ITR forms 1 to 7, along with the ITR-V and ITR-U, are part of the new notified set. 

The new income tax forms have been notified for AY 2026-27 and will apply under the new rules from April 1, 2026. 

Yes, for ITR proceedings related to tax years before April 2026, the old law and the form structure may continue to apply.