On April 10, 2026, a corrigendum was released by the Central Board of Direct Taxes (CBDT), rolling out rectifications in the income tax return (ITR) forms notified earlier, dated March 30, 2026. Such revisions have the motive to remove inconsistencies, correct drafting errors, and enhance clarity in tax reporting for Assessment Year 2026-27.
The corrigendum spans across ITR-1, ITR-4, and various schedules such as Capital Gains (CG), Other Sources (OS), CYLA, and more.
Changes in ITR-1 (Sahaj)
The significant modifications have been made in ITR-1, especially in Schedule-IT.
- The current Schedule-IT has been substituted with a revised format.
- The updated schedule now fetches:
- BSR Code
- Date of Deposit
- Challan Serial Number
- Amount of Tax Paid
The same revision assures effective reporting of advance tax and self-assessment tax payments, enhancing transparency and reconciliation.
Revisions in ITR-4 (Sugam)
For ITR-4, rectifications have been made in the Gross Total Income section (Part B):
- In Schedule Salary, row B2:
- Sub-row (ii) has been renumbered as (iii).
- Minor typographical correction:
- “Iva” replaced with “iva”
Such revisions are mainly structural but are crucial for accurate data entry and system validation.
Amendments in Schedule CG (Capital Gains)
Various corrigenda address inconsistencies in Schedule CG across different forms:
- Wrong references like “6c – 6d” replaced with “5c – 5d”
- Renaming of fields such as:
- “B12a” corrected to “B11a”
- Introduction of a new row:
- Reporting of pass-through income/loss like short-term capital gains (via Schedule PTI)
- Deletion of redundant sub-rows and correction in numbering
These updates aim to align capital gains reporting with revised computation structures.
Revisions in Schedule OS (Other Sources)
- Removal of greyed-out cells under specific date columns:
- “Up to 15/6”
- “16/6 to 15/9”
It enhances usability and avoids confusion in income classification under Other Sources.
Updates in Schedule CYLA & CFL
- Corrections in formula references:
- “2xv” replaced with “2xiv”
- Adjustments in carry-forward and set-off computation logic
These are crucial for ensuring accurate loss adjustment and carry-forward calculations.
Amendments in Schedule IT & Tax Payment Reporting
- Revised format for capturing advance tax and self-assessment tax
- Standardised reporting fields to ensure consistency across returns
Other Noteworthy Amendments
Other amendments comprise:
- Removal of redundant columns in Schedule 112A and 115AD
- Typographical corrections like:
- “QUITY” replaced with “EQUITY”
- Adjustments in MAT credit (Schedule MATC) references
- New disclosure line added:
- “Wrong heads of income chosen” under the general information section
Impact on Taxpayers and Professionals
The corrigendum focuses on technical corrections, structural alignment, and improved clarity rather than policy changes. However, such updates are important because:
- They decrease the risk of filing errors
- Enhance data accuracy and validation
- Ensure seamless ITR processing and compliance
Important: How Income Tax Software Assists Taxpayers After the Filing?
Taxpayers, Chartered Accountants, and tax professionals should refer to the updated ITR utilities and forms before filing returns for AY 2026-27.
Closure
The corrigendum of CBDT shows continued measures to refine and ease the new ITR framework rolled out for 2026. While these revisions may seem minor on their own, together they significantly contribute to ensuring correct tax reporting and compliance efficiency.
