ITR Forms Updated to Specify Reporting of NBFC and HFC Interest Income Under Schedule OS
2 days agoBusiness
29LENS
2 SourcesIndia
TBNthebalanced.news

ITR Forms Updated to Specify Reporting of NBFC and HFC Interest Income Under Schedule OS

For Assessment Year 2026-27, Indian taxpayers earning interest from Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFCs), and other corporates must report this income under the newly specified 'Others' category in Schedule OS of their income tax returns. This change clarifies previous ambiguity in ITR forms by explicitly including such interest income alongside dividends, bank interest, and other specified incomes. The update affects ITR forms 2, 3, 5, and 7 and applies to interest from fixed deposits, debentures, and similar instruments for FY 2025-26.

Political Bias
0%100%0%
Sentiment
55%
AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 19 Apr 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 2 sources
● Left 0%● Center 100%● Right 0%

The articles present a technical update on income tax return filing without political framing. They focus on procedural changes mandated by the Income Tax Department, citing tax experts and official guidelines. No political viewpoints or partisan interpretations are evident, reflecting a neutral, informational perspective.

Sentiment — Neutral (55/100)

The tone across the articles is neutral and informative, emphasizing clarity and compliance requirements for taxpayers. There is no positive or negative sentiment expressed toward the tax changes; instead, the coverage aims to explain the procedural update and its implications for investors.

How 2 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

SourceTheir headlineBiasSentiment
timesnowEarned From NBFC FDs Or Debentures? Your ITR Just Got More ComplicatedCenterNeutral
mintITR Filing 2026: NBFC, HFC fixed deposit interest must now be declared under schedule OS -- Here's what changed MintCenterNeutral

Coverage timeline

mint broke this story on 19 Apr, 03:42 am. Other outlets followed.

  1. 1
    mint19 Apr, 03:42 am
    ITR Filing 2026: NBFC, HFC fixed deposit interest must now be declared under schedule OS -- Here's what changed Mint
  2. 2
    timesnow19 Apr, 05:53 am
    Earned From NBFC FDs Or Debentures? Your ITR Just Got More Complicated

Lens Score breakdown

29/100
Public interest0/100
Coverage gap100%

Well-covered story — coverage matches public importance.

Who's involved

Institutions and figures named across source coverage.

Government
Income Tax Department

Story context

Category
Business
Location
India
Sources analysed
2
Last analysed
19 Apr 2026
Key entities
DebentureFixed depositNon-bank financial institutionFiscal yearIndiaTax return (United States)Mortgage loanIncome Tax DepartmentHydrofluorocarbonMint (newspaper)LakhLoan