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Filing of income tax returns made easier for salaried taxpayers
The New Indian Express Kalaburagi
|May 01, 2025
GOOD news for salaried taxpayers! The government has made tax filing easier for those earning up to ₹1.25 lakh through long-term capital gains from equities or equity mutual funds.
Earlier, salaried individuals with income from capital gains were required to file Form ITR-2 even where the capital gains were non-taxable.
From this year, the new Form ITR-1 has a small section for reporting long-term capital gains on which tax is not payable.
This story is from the May 01, 2025 edition of The New Indian Express Kalaburagi.
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