CBDT Releases Corrigendum to Rectify Formulaic and Cross-Reference Errors in ITR-5
To resolve inadvertent drafting errors in the recently published tax return formats, the Central Board of Direct Taxes (CBDT) has rolled out Corrigendum Notification No. 60/2026-Income Tax on 10th April 2026. This administrative update specifically targets typographical and mathematical anomalies present in the previously notified Income Tax Return (ITR) forms, ensuring a seamless filing experience for every assessee.
The original forms were introduced via G.S.R. 229(E) on 30th March 2026. However, upon review, certain structural inconsistencies were identified in the schedules dealing with capital gains and unabsorbed depreciation. The newly issued corrigendum, officially published under G.S.R. 265(E), steps in to cure these defects without altering any substantive legal provisions under the Income Tax Act 1961.