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Income Tax · Advisory · 25 Oct 2026
Return / Forms applicable to me
Income Tax e-filing portal has issued an advisory. The advisory concerns return / Forms applicable to me. Also, for the purpose of withdrawal of such option i.e. re-entering into default tax regime (New Tax regime) shall also be done by way of furnishing Form No.10-IEA on or before the due date specified u/s 139(1)of the Income Tax Act,1961 for furnishing return of income.
- Issued by
- Income Tax e-filing portal
- Type
- Advisory
- Date
- 25 Oct 2026
Who is affected: Taxpayers claiming refunds, TDS deductors, salaried employees (taxpayers (individuals, firms, companies and trusts))
What you should do: Review your pricing and invoicing for the revised rate, and check any contracts that are affected.
Key points
- For complete details and guidelines please refer to the Income Tax Act, 1961 Forms, Rules and Notifications.
- ITR-2 - Applicable for Individual (Not eligible for ITR 1) and HUF This return is applicable for Individual and Hindu Undivided Family (HUF) Having Income under any head other than Profits and Gains of Business or Profession.
- It is a simplified return form to be used by an Assessee, at his option, if he is eligible to declare Profits and Gains from Business or Profession on presumptive basis u/s 44AD, 44ADA or 44AE of Income Tax Act,1961.
- Forms Applicable (As per Income Tax Act,1961): 1.
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