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flag India to launch new tax forms under 2025 Act, effective April 2026, with first forms for 2026-27 income.

flag The Indian government plans to release new income tax return forms under the 2025 Income Tax Act before the 2027-28 fiscal year begins. flag The new law, effective April 1, 2026, replaces the 1961 Act and aims to simplify tax rules and language. flag A CBDT committee is working with experts to redesign ITR and TDS forms for greater clarity and ease of use. flag The first forms under the new law, covering income from 2026-27, will be issued ahead of the 2027-28 fiscal year, allowing for adjustments based on the 2026 budget. flag For 2025-26, current ITR forms remain under the 1961 Act, though simplification efforts continue.

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