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CBDT: Old ITR Forms Stay for FY26; New Transaction Forms from April

11 February 20261 min read
ECONOMYCBDT: Old ITR FormsStay for FY26; NewTransaction Formsfrom April11 February 2026safalsetu.com

Why in the news

CBDT told taxpayers to keep using present return forms for FY26 despite upcoming simplified forms.

Key facts

  • Returns filed in July-August 2026 follow the current format.
  • This settles concerns about overlap and system readiness.

Changes from 1 April 2026

  • TDS statements and foreign remittance reporting.
  • Form 60, Form 15G and Form 15H, plus lower or nil withholding applications.
  • These start at once, before any new ITR.

Exam angle

  • Body: Central Board of Direct Taxes.

Test yourself

1. For which assessment year will the existing ITR forms continue to apply, according to CBDT's clarification?

Existing forms apply to FY26 income, which is assessed in AY 2026-27.

2. Which of these forms moves to the new simplified framework from 1 April 2026?

Form 15G and Form 15H are listed among the transactional forms changing.

3. Which authority clarified that taxpayers would keep using existing ITR forms for FY26?

The Central Board of Direct Taxes gave the clarification.

This topic is part of Daily Current Affairs 10 February 2026 (15 topics).

All topics of the dayDay quizFebruary 2026

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