ITR AY 2026-27: 2 New Fields You Can't Miss

The Income Tax Department has updated the ITR filing utility for AY 2026-27. A new field now requires you to separately report gifts received and rural agricultural land sale proceeds — even if they are fully tax-free.

Here's what happened: The ITR utility for AY 2026-27 has been updated: the old 'Other Exempt Income' field in Schedule EI has been removed entirely.. Two items — gifts received from relatives and proceeds from sale of rural agricultural land — now need to be reported under a new field called 'Receipts not in the nature of income.'. This is a disclosure change, not a new tax. These receipts remain non-taxable, but the department now wants them separately declared to improve data tracking..

What you should do: Check Schedule EI in your ITR form before filing — locate the new 'Receipts not in the nature of income' field and enter any gifts or rural land sale amounts accurately.. Gather documentation: if you received gifts from relatives or sold rural agricultural land in FY 2025-26, keep the gift deed, sale deed, or bank transfer proof ready for your records.. Avoid using last year's pre-filled data blindly — update your ITR utility to the latest version on the e-filing portal before you begin filling in exempt income details..

Gifts from non-relatives above ₹50,000 ARE taxable as 'income from other sources' — only gifts from defined relatives like parents, spouse, and siblings are fully exempt. Double-check the source before reporting under the exempt field.