India’s tax department has released updated ITR forms for FY 2025–26 with stricter disclosure norms, without changing the overall structure. The updates target transparency in areas like political donations, F&O trading, and digital payments. Alongside these tighter checks, taxpayers get small convenience updates such as a secondary address field to streamline personal details filing.
From Assessment Year 2026-27, India’s new income tax return forms will ask for extra details when claiming deductions for political donations under Section 80GGC. Taxpayers must disclose the political party’s name and PAN, including for donations made via banking channels or UPI, to improve transparency and traceability of contributions.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
