All ITR Forms for AY 2026-27 Notified: Check Eligibility Rules
The government has recently notified Income Tax Return (ITR) forms ITR-1 to ITR-7 for Assessment Year 2026-27 on March 30, 2026.
This means individuals, pensioners, professionals, and other taxpayers can now start preparing to file their income tax returns. The last date to file returns for most individual taxpayers is July 31, 2026.
ITR-1 Now Allows Two House Properties
Tax experts say one of the most welcome changes this year is in ITR-1 (Sahaj). Earlier, ITR-1 allowed taxpayers to report income from only one house property. If a person owned two houses, they had to file ITR-2 or ITR-3, which are more detailed and complex forms.
Now, ITR-1 can be used to report income from up to two house properties. This will make return filing simpler for many small taxpayers.
Who Can File ITR-1?
ITR-1 is meant for individuals with simple income sources. However, you cannot file ITR-1 if you have the following types of income:
- Income from business or profession
- Short-term capital gains
- Long-term capital gains under Section 112A exceeding Rs 1.25 lakh
- Income from more than one house property
- Certain types of income under “Other Sources“, such as Lottery winning, Income from race horses, Income taxed under special sections like 115BBDA or 115BBE and Income that needs to be divided between spouses under Section 5A
Who Should File ITR-2?
ITR-2 can be filed by:
- Individuals or Hindu Undivided Families (HUFs)
- Those who are not eligible for ITR-1
- Those who do not have income from a business or profession
It is also applicable if:
You need to club the income of your spouse or minor child with your income. That clubbed income falls under the categories mentioned above.
Who cannot file ITR-2?
You cannot file ITR-2 if your total income includes:
- Income from business or profession
- Interest, salary, bonus, commission, or remuneration received from a partnership firm.
Experts Advise
Tax experts advise taxpayers to carefully review their income sources before selecting the ITR form, because filing the wrong form may lead to consequences or notices from the Income Tax Department.