For the Assessment Year (AY) 2026-27, revised Income Tax Return (ITR) forms introduce several additional disclosures that taxpayers need to provide. According to NDTV, the updated forms add new or expanded reporting requirements related to multiple areas of income and transactions. These include disclosures connected to futures and options (F&O) trading, where additional details are sought in the ITR. The revised forms also require more information regarding interest received from MSMEs. For taxpayers with income from partnerships, the forms include additional disclosures related to partnership income reporting. Changes are also reflected in how donations are reported, with the revised ITRs seeking further information on charitable giving. In addition, the updated forms cover presumptive taxation, including incremental disclosure requirements for taxpayers who opt for presumptive schemes. Overall, the updates increase the scope of information to be reported in the ITR for AY 2026-27, affecting taxpayers across trading activity, MSME-related income, partnership earnings, donations, and presumptive taxation.