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Overview of key changes in new ITR forms
The New Indian Express Vijayawada
|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.
ITR-1 (Sahaj): For salaried individuals
This story is from the May 12, 2025 edition of The New Indian Express Vijayawada.
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