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#AY 2026-27

12 articles

Tax Year vs Assessment Year vs Previous Year — What Changed on 1 April 2026 Under the Income Tax Act, 2025 (and What It Means for Your AY 2026-27 ITR)

Karan Malhotra
Karan Malhotra Editorial Team · May 7
Income-tax Act, 2025 came into force 1 April 2026 — 'Previous Year / Assessment Year' replaced by a single 'Tax Year'. But your AY 2026-27 ITR (FY 2025-26 income), filed by 31 July 2026, is still under the 1961 Act. Tax Year first applies from FY 2026-27. Full transition map inside.
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Crypto and VDA Tax in India for AY 2026-27: The 30% Flat Rate, 1% TDS, Schedule VDA in ITR, and the New Section 509 Reporting Regime from 1 April 2026

Kartik Shah
Kartik Shah · May 5
Crypto and NFT gains are taxed at a flat 30% under Section 115BBH (Section 194 of IT Act 2025) — only cost of acquisition deductible, no loss set-off, no carry-forward. 1% TDS under 194S. Disclose in Schedule VDA. From 1 April 2026: exchanges report under Section 509; penalties under Section 446.
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Form 26AS vs AIS vs TIS: What Each One Actually Shows, How to Fix Mismatches, and the Form 168 Renaming from 1 April 2026

Sneha Joshi
Sneha Joshi Editorial Team · May 5
Form 26AS shows tax credits: TDS, TCS, advance/SAT, refunds. AIS shows the full picture: every transaction the department knows. TIS aggregates AIS for ITR prefill. From AY 2027-28 (tax year 2026-27), Form 26AS becomes Form 168 under IT Act 2025 Sec 510 + Rule 245 IT Rules 2026.
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F&O and Intraday Trading Taxation for AY 2026-27: ITR-3, Audit Threshold, 44AD Presumptive Scheme, ICAI Turnover Rule, and the 2026 STT Hike

Karan Malhotra
Karan Malhotra Editorial Team · May 3
F&O = non-spec business; intraday = spec business. File ITR-3. Audit at Rs 10 cr turnover (95% digital). 44AD: 6% digital up to Rs 3 cr. ICAI 8th edition: turnover = absolute P&L. F&O loss carries 8 yrs (Sec 72); intraday loss only against spec gains, 4 yrs (Sec 73).
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Which ITR Form Should I File for AY 2026-27? — Decision Tree Across ITR-1, ITR-2, ITR-3, and ITR-4 (Sugam) with Worked Examples

Karan Malhotra
Karan Malhotra Editorial Team · May 2
Pick the right ITR for AY 2026-27. ITR-1 (Sahaj) now allows two house properties + LTCG u/s 112A up to Rs.1.25L (CBDT Notif 45/2026). ITR-2 for capital gains above Rs.1.25L, foreign assets, NRI/RNOR. ITR-3 for any business/professional income. ITR-4 (Sugam) for 44AD/44ADA/44AE presumptive.
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Capital Gains Tax for AY 2026-27: STCG and LTCG on Shares and Mutual Funds, the Section 87A Rebate Trap, and How the Section 50AA Debt-MF Rule Bites

Rohit Desai
Rohit Desai · Apr 23
Post-23 July 2024 capital gains regime: STCG on listed equity at 20% (Sec 111A), LTCG at 12.5% above Rs 1.25L (Sec 112A). Other assets at 12.5% no indexation (Sec 112) — but resident individuals/HUFs keep a transitional indexation choice on land/building acquired pre-23 July 2024.
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Freelancer and Gig Worker ITR for AY 2026-27 — Section 44ADA Presumptive Scheme, ITR-3 vs ITR-4 (Sugam), Advance Tax, and Tax Audit Triggers

Sneha Joshi
Sneha Joshi Editorial Team · Apr 18
Freelancers and gig workers, AY 2026-27. Sec 44ADA presumptive: 50% deemed profit on receipts up to Rs 50L (Rs 75L if cash receipts ≤ 5%). Specified professions only (Sec 44AA(1)) — IT, legal, medical, accountancy etc. ITR-4 (Sugam) for presumptive (total income ≤ Rs 50L); ITR-3 otherwise. Advance tax in one shot by 15 March. Sec 44AB audit if you declare lower than 50% AND income exceeds basic exemption.
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