New ITR-1 and ITR-4 forms for Assessment Year 2026-27
- Document
- Notification Notification No. 45/2026
- Effective
- 31st day of March, 2026
This page was written by Patron Accounting’s AI from the official release and reviewed before publishing. It explains the document in plain language. It is not the document itself. Where this page and the original differ, the original governs.
In short
Notification No. 45/2026 introduces updated ITR-1 and ITR-4 tax return forms for the Assessment Year 2026-27. These changes allow you to report income from two house properties instead of just one.
What has changed
How it worked before
Until this update, the ITR-1 and ITR-4 forms only allowed you to report income from a single house property. If you owned and earned rent from two properties, you were required to use a more complex tax form.
What has changed
The government has updated the Income-tax Rules to allow reporting of income from up to two house properties in ITR-1 and ITR-4. This change applies specifically to tax returns filed for the Assessment Year 2026-27.
Who this affects
This affects individuals and Hindu Undivided Families (HUFs) who are eligible to file their taxes using the simplified ITR-1 or ITR-4 forms.
What you should do
You should use the new versions of the ITR-1 and ITR-4 forms when filing your income tax return for the Assessment Year 2026-27. No action is required for previous years, as these forms apply only to the current assessment cycle.
The original document
| Issued by | IT |
|---|---|
| Document | Notification Notification No. 45/2026 |
| Full title | Notification No. 45/2026 |
| Effective | 31st day of March, 2026 |
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