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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th March, 2026 G.S.R. 226(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Incometax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (Second Amendment) Rules, 2026. (2) They shall come into force with effect from the 31st day of march, 2026 and shall apply in respect of returns filed for A.Y. 2026-27. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules),–– (a) in rule 12, –– i. in sub-rule (1),–– A. in the opening portion, for the figure “2025”, the figure “2026” shall be substituted; B. in clause (a), in sub-clause (ii), for the words “one house property”, the words “two house properties” shall be substituted; C. in clause (ca), in proviso, in item (IG), for the words “one house property”, the words “two house properties” shall be substituted; ii. in sub-rule (5), for the figure “2024”, the figure “2025” shall be substituted. 3. In the said rules, in Appendix– II, a. for FORM ITR-1, the following FORM shall be substituted, namely: ––– FORM ITR-1
(b) for FORM ITR-4, the following FORM shall be substituted, namely: ––– FORM ITR-4
[No. 45 /2026/F. No. 370142/5/2026-TPL] PRADEEP SHARMA, Dy. Secy., Tax Policy and Legislation Note:- The Income-tax Rules, 1962 rules were published in the Gazette of India, Extraordinary, Par II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 158(E), dated the 05th March, 2026.
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