ITR Filing 2026 Update: Income Tax Department added a new column on the ITR portal, know about which money information will have to be given now.
Read Desk. This time a big change has been made for crores of taxpayers filing Income Tax Returns (ITR). The Income Tax Department has added a new column named “Receipts not in the nature of income” on the ITR filing portal.
After the introduction of this new section, the question in the minds of many people is whether now they will have to account for those money which were not taxed earlier? However, tax experts say that this change will not increase your tax liability. Its purpose is to keep separate records of only certain types of amounts received.
Why was the new column added?
According to experts, the Income Tax Department has added this column not to increase the tax, but to gather better information about the financial transactions of taxpayers. Many times, such amount comes into people’s bank account, which looks like income, but in reality it is not income. This new column has been created to distinguish such cases.
The special thing is that at present this column will be visible only on the online ITR portal. It is not included in the paper ITR form.
Information about which money needs to be given?
Now taxpayers will have to give information not only about tax-free income, but also about the amount which does not come in the category of income. This includes. Loan taken from a bank, financial institution or any friend or relative. Property or cash received through will or inheritance.
Money received from selling your personal old item or property. Amount received from selling agricultural land of the village. The question of whether tax is applicable on these amounts depends on individual rules, but they may have to be entered as information in this new section.
Will there be tax on gifts?
According to tax experts, no new tax has been imposed on wedding gifts, gifts received from relatives and loan amounts as before. There has been no change in the rules applicable to these.
However, while filling the new column, it should be kept in mind that enter only that amount in it, which is not actually income. Providing incorrect information or mixing income and non-income amounts may require clarification in the future.
Will taxes increase?
Experts say that this change does not mean that your tax liability will increase. This is only an informational (disclosure) column, through which the Income Tax Department will be able to keep record of different types of amounts received. That is, if any amount has come into your account which is not considered income, then its information can be entered separately.
Will it be mandatory to fill the new column?
Since this column is new, it is not entirely clear whether leaving it blank will result in the ITR form being submitted or not. In such a situation, experts advise that if you have any amount which does not come under the category of income, then enter its correct information in this column and if necessary, also take the opinion of a tax advisor.
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