ITR-1, also known as “Sahaj,” is the most commonly used Income Tax Return filing form for salaried individuals and pensioners in India. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has introduced several important changes to simplify return filing for taxpayers.
ITR-1 is a simplified Income Tax Return form applicable to resident individuals having income from:
The form is designed for taxpayers with straightforward income structures and limited disclosures.
You can file ITR-1 if:
ITR-1 cannot be used if:
One of the biggest changes this year is that taxpayers can now report income from up to two house properties in ITR-1. Earlier, taxpayers with more than one house property had to file ITR-2.
Taxpayers can now report long-term capital gains up to ₹1.25 lakh arising from listed equity shares and equity mutual funds directly in ITR-1, provided there are no carry-forward losses.
The new ITR forms include additional fields for:
This has been introduced to improve communication from the Income Tax Department.
CBDT has updated Schedule-IT to include:
This improves tax payment reconciliation and transparency.
| Particulars | Due Date |
|---|---|
| Original Return Filing | 31 July 2026 |
| Belated Return | 31 December 2026 |
| Revised Return | 31 March 2027 |
| Updated Return (ITR-U) | Up to 31 March 2031 |
Before filing your return, keep the following documents ready:
Failure to file ITR within the due date may attract:
Although the new Income Tax Act, 2025, has been introduced, returns for AY 2026-27 (FY 2025-26) will continue to be governed by the Income Tax Act, 1961.
Official filing portal: Income Tax e-Filing Portal
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
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