CBDT Corrigendum Refines ITR-2 Schedules: Detailed Overview for Assessees

The Central Board of Direct Taxes has issued a corrigendum on 10 April 2026 via Notification No. 58/2026 – Income Tax, making targeted corrections to an earlier notification dated 30 March 2026 (G.S.R. 227(E)). These adjustments relate to ITR-2 schedules and are largely editorial—focused on fixing cross-references, headings, column structures, and formatting issues such as grey shading in tables.

While these changes do not alter the substantive tax computations, they are important for error-free reporting, especially for professionals and assessees who rely on precise schedule references for capital gains, other sources income, and carry-forward of losses.

This article explains, in simple and practical terms, what has changed, where it has changed, and how it affects preparation of ITR-2 for the relevant assessment year.

Background of the Corrigendum

The corrigendum, issued by the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) and published as G.S.R. 263(E), revisits the original notification G.S.R. 227(E) dated 30 March 2026. The original notification had prescribed and amended various ITR-2 schedules and forms.

Subsequently, certain clerical and formatting discrepancies were identified. To ensure that there is no confusion in application and that software utilities and manual filers follow a consistent format, the CBDT has now formally corrected those issues.

Note:
The corrigendum does not introduce any new tax liability or change computational rules. It merely refines references, headings, and layout for better clarity and consistency.

Scope of the Corrections

The corrigendum touches upon multiple parts of the ITR framework as notified on 30 March 2026, including:

Schedule CG (Capital Gains)
Schedule 112A
Schedule 115AD(1)(b)(iii) proviso
Schedule OS (Income from Other Sources)
Schedule CFL (Carry Forward of Losses)
Part B-TI (Computation of Total Income)

Each change relates to specific rows, columns, marginal headings, or cell formatting, as mapped to page numbers of the earlier notification.

Clause-by-Clause Breakdown of the Corrigendum

1. Correction in Schedule CG – Reference in Row B(5)(e)

Location as per original notification: Page 46, Schedule CG, row B(5)(e)
Original incorrect reference: “6c – 6d”
Corrected reference: “5c – 5d”

The corrigendum provides that, in row B(5)(e) of Schedule CG, the earlier figures and letters “6c – 6d” shall be replaced with “5c – 5d”.

Practical impact:

Assessees and professionals preparing capital gains schedules must now ensure that row B(5)(e) correctly links to items 5c and 5d, not 6c and 6d.
This change is critical for accurate cross-referencing when working out sub-totals or specific categories of capital gains.

Compliance Tip:
When using computation sheets or templates built on the earlier notification, revise the reference in row B(5)(e) to “5c – 5d” to avoid misalignment of data.

2. Marginal Heading Revision in Schedule CG – Row E

Location: Page 49, Schedule CG, marginal heading of row E
Original words and figures: “B12a”
Substituted with: “B11a”

The marginal note or heading attached to row E of Schedule CG is now amended so that the reference to “B12a” is replaced by “B11a”.