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Overview of key changes in new ITR forms
The New Indian Express Jeypore
|May 12, 2025
Individual taxpayers should know about new additions that have been made in ITR forms for AY 2025-26
THE tax department has recently notified the Income Tax Return (ITR) forms for the Assessment Year 2025-26, which corresponds to the financial year 2024-25. While the forms largely retain their previous structure, some notable changes have been introduced, particularly concerning the reporting of long-term capital gains (LTCG) and the threshold for disclosing assets and liabilities. Individual taxpayers should familiarise themselves with these updates to ensure accurate and timely filing.
This story is from the May 12, 2025 edition of The New Indian Express Jeypore.
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