New Delhi, May 21 -- There are some changes in filing income tax returns for capital gains on listed equities this year. Capital gains from stocks and equity mutual funds in financial year 2024-25 can now also be filed in ITR-1 in some cases. The filing process is also simpler in ITR-1 as only net gains need to be reported, not the details of each transaction.

Mintgives you a handy guide on how to report capital gains from shares and equity mutual funds.

Choose the right ITR form

ITR-2 is the most common form for individuals and Hindu Undivided Families (HUFs) who have income from capital gains but no business income. For individuals or HUFs with income from profits and gains of business or profession who also have income from capital ...