From AY 2026-27, the option to report ‘Other Exempt Income’ was removed.
Earlier, this was useful in situations such as:
Sale of rural agricultural land/ Reporting of Gifts from Relatives – although disclosure was not required as same is not income (On a personal level, I also never disclose such non taxable captial receipts in exempt income), however, many of our professional colleagues used to report it under the Exempt Income Schedule to avoid unnecessary notices.
The column of ‘Other Income’ under Exempt incomes has now been added.
ITR SCHEME AND UTILITY UPDATED:
