New Delhi, May 7 -- This year, taxpayers will have to make more disclosures even as compliance has been eased in the new Income Tax Return (ITR) forms.

From Sahaj-1 to the more complex ITR-2 and ITR-3, all the forms released by the Central Board of Direct Taxes (CBDT) for the assessment year 2025-26 have seen major changes. They require more disclosures on tax-saving investments, house rent allowance (HRA), and tax deducted at source (TDS) on incomes other than salary. At the same time, they have eased compliance on assets and liabilities reporting, and allow those with long-term capital gains (LTCG) of up to Rs.1.25 lakh from stocks and equity mutual funds to opt for the simpler ITR-1.

"Major changes in the ITR forms have been made to ...