New ITR forms force NRIs under presumptive tax to disclose gross receipts separately

Published on 24 April 2026

Gross receipts now must be revealed separately

For AY 2026-27, NRIs choosing the presumptive income scheme will need to make an extra disclosure in the new ITR forms: separate reporting of gross receipts and presumptive income. The update targets presumptive taxation provisions under Sections 44B, 44BB, 44BBA, 44BBC, and 44BBD, aiming to improve transparency and enable better matching with tax data.

AY 2026-27 ITR changes add a separate disclosure requirement for NRIs
NRIs must report gross receipts and presumptive income separately
Applies to presumptive schemes under Sections 44B to 44BBD
The move is designed for tighter cross-verification of income details

#nrIs #presumptive taxation #income tax #ay 2026-27 #itr forms

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New ITR forms force NRIs under presumptive tax to disclose gross receipts separately

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