New Delhi, May 8 -- Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for e-filing income tax returns in FY 2024-25. These are the myriad changes which the income tax department has introduced.
Here, we list out changes for different income tax e-filing forms.
Now taxpayers can file ITR-1 or ITR-4 even with long term capital gains under sections 112A (up to Rs.1.25 lakh with no brought forward/ carry forward loss).
>> The changes are made to capture details of deductions claimed under various sections.
>> The provision under which TDS is deducted will be captured in Schedule-TDS.
II. ITR-2: The changes introduced in this tax form are as follows:
In the schedule, capital gain split for gains before and a...
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