Income-tax (Second Amendment) Rules, 2026 · 45/2026/F. No. 370142/5/2026-TPL

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION New Delhi, the 30th March, 2026

G.S.R. 226(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Second Amendment) Rules, 2026. (2) They shall come into force with effect from the 31st day of march, 2026 and shall apply in respect of returns filed for A.Y. 2026-27.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules),–– (a) in rule 12, –– (i) in sub-rule (1),–– (A) in the opening portion, for the figure “2025”, the figure “2026” shall be substituted; (B) in clause (a), in sub-clause (ii), for the words “one house property”, the words “two house properties” shall be substituted; (C) in clause (ca), in proviso, in item (IG), for the words “one house property”, the words “two house properties” shall be substituted; (ii) in sub-rule (5), for the figure “2024”, the figure “2025” shall be substituted.

3. In the said rules, in Appendix– II, (a) for FORM ITR-1, the following FORM shall be substituted, namely: –––

FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh and having Income from Salaries, two house properties, other sources (Interest etc.), long-term capital gains under section 112A up to Rs. 1.25 lakh, and agricultural income up to Rs.5 thousand] [Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP or has assets (including financial interest in any entity) located outside India] (Refer rules for eligibility) Assessment Year 2 0 2 6 - 2 7

PART A GENERAL INFORMATION (A1)PAN

(A2) First Name (A2a) Middle Name (A3) Last name (A4) Date of Birth (A5) Aadhaar Number (12 digits)

D D M M Y Y Y Y

Details to be provided for communication purposes: (A6)(a) Primary Mobile No. of the taxpayer (A6)(b) Secondary Mobile No. (A7)(a) Primary Email ID of the taxpayer (A7)(b) Secondary Email ID Primary Address: (A8a) Flat/Door/Block No. (A9a)Name of Premises/Building/Village (A10a) Road/Street/Post Office Area/Locality (A11a) Town/City/District (A12a) State (A13a) Country (A14a) PIN code

Secondary Address: (A8b) Flat/Door/Block No. (A9b)Name of Premises/Building/Village (A10b) Road/Street/Post Office Area/Locality (A11b) Town/City/District (A12b) State (A13b) Country (A14b) PIN code

(A15) Filed u/s (Tick) [Please see instruction]  139(1)-On or before due date, 139(4)-Belated, 139(5)-Revised, 119(2)(b)- After Condonation of delay

(A17) Nature of employment-  Central Govt.  State Govt.  Public Sector Undertaking  Pensioners-CG  Pensioners-SG  Pensioners-PSU  Pensioners- Others  Others  Not Applicable (e.g. Family Pension etc.)

(A16) Or Filed in response to notice u/s  139(9),  142(1),  148,  153C

(A18) If revised/defective, then enter Receipt No. and Date of filing original return (DD/MM/YYYY)

(A19) If filed in response to notice u/s 139(9)/142(1)/148/153C or order u/s 119(2)(b)- enter Unique Number/Document Identification Number (DIN) & Date of such Notice or Order / /

(A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”)  Yes  No (A21) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? - (Tick)  Yes  No If yes, please furnish following information [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)] (i) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/ No) Amount (Rs) (If Yes) (ii) Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on consumption of electricity during the previous year? (Yes/No) Amount (Rs) (If Yes) (iii) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu) (Tick)  Yes  No (A22) Whether this return is being filed by a representative assessee? (Tick)   Yes  No If yes, please furnish following information - (1) Name of the representative assessee (2) Email-ID of the representative assessee (3) Contact number of the representative assessee

PART B GROSS TOTAL INCOME Whole- Rupee () only B1 i Gross Salary (ia + ib + ic) i SALARY / PENSION a Salary as per section 17(1) ia b Value of perquisites as per section 17(2) ib c Profit in lieu of salary as per section 17(3) ic ii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3) ) ii iii Net Salary (i – ii) iii iv Deductions u/s 16 (iva + ivb + ivc) a Standard deduction u/s 16(ia) iva b Entertainment allowance u/s 16(ii) ivb c Professional tax u/s 16(iii) ivc v Income chargeable under the head ‘Salaries’ (iii – iv) B1

B2 Details of Income from House Property (Drop down to be provided indicating ownership of property) HOUSE PROPERTY Address of property 1 Town/ City State Country Pin Code/ ZIP Code Is the property co-owned? o Yes o No (if “YES” please enter following details) Your percentage of share in the property (%) Name of Co-owner(s) PAN/Aadhaar No. of Co-owner (s) Percentage Share in Property I II [Tick the applicable option]  Let out  Self-occupied  Deemed let out Name(s) of Tenant(s) (if let out) PAN/Aadhaar No. of Tenant(s) (Please see note) PAN/TAN/Aadhaar No. of Tenant(s) (if TDS credit is claimed) I II a Gross rent received/ receivable/ lettable value during the year 1a b The amount of rent which cannot be realized 1b c Tax paid to local authorities 1c d Total (1b + 1c) 1d e Annual Value (1a – 1d) (nil, if self -occupied etc. as per section 23(2) of the Act) 1e f Annual value of the property owned (own percentage share x 1e) 1f g 30% of Annual Value 1g h Interest payable on borrowed capital (Details are to be filled in the drop down to be provided in e-filing utility) 1h i Total (1g+ 1h) 1i j Arrears/Unrealised rent received during the year less 30% 1j k Income from house property 1 (1f – 1i + 1j) 1k

Income chargeable under the head ‘House Property’ ( Ʃ1k ) (If loss, put the figure in negative) Note: - Maximum loss from House Property that can be set-off is INR 2, 00,000. To avail the benefit of carry forward and set of loss, please use ITR -2 B2 (fill up details separately for each property for up to 2 properties)