The updated income tax return (ITR) forms for Assessment Year 2026-27 now include specific columns for non-resident taxpayers to report gross receipts and net profit from businesses under Sections 44B, 44BB, 44BBA, 44BBC, or 44BBD. This requirement applies to those opting for the new presumptive taxation scheme introduced by the Finance Act, 2025, which deems 25% of specified receipts as taxable income for non-residents involved in electronics manufacturing in India. The deadline for filing ITR for salaried individuals and others not liable for tax audit is July 31, 2026. Chartered Accountant Chintan Ghelani highlighted that the changes enhance transparency, allowing tax authorities to cross-verify reported income with various data sources. The updated forms also clarify that taxpayers not maintaining regular books of accounts must provide information under ‘No Account Case’. This development aligns compliance requirements with existing presumptive taxation provisions, potentially relieving some taxpayers from the need for a tax audit.