ITR New Form 2025: New form issued for ITR, file returns up to Rs 50 lakh without any hassle

The Income Tax Department has released the ITR New Form 2025 for the assessment year 2025-26. Through this form, taxpayers can easily file returns up to Rs 50 lakh. CBDT has made some changes in the form. Individuals and Hindu Undivided Families with income up to Rs 50 lakh can file ITR.

The Income Tax Department has released the form for filing Income Tax Return 2025-26 for the assessment year 2025-26. ITR Forms 1 and 4 have been issued for the assessment year 2025-26. Through this, returns up to Rs 50 lakh can be easily filed by the taxpayer or on behalf of the institutions.

Taxpayers can now file returns using these forms for the financial year 2024-25 (assessment year 2025-26). Many necessary changes have been made in these forms by the Central Board of Direct Taxes (CBDT), due to which differences can be seen in things related to eligibility and requirements in some cases.

Different ITR forms are fixed by the Income Tax Department on the basis of income, its source and residential status of different taxpayers. In such a situation, before filing income tax, it is important to know which taxpayer should use which form.

CM Rashmi Gupta and CA Ashish Rohatgi gave information

CA Rashmi Gupta and CA Ashish Rohatgi told that under the Income Tax Act, persons taking benefit of LTCG up to Rs 1.25 lakh in a financial year can file ITR One. Earlier in this case, ITR Two Form had to be filed.

According to the notification of the Income Tax Department, individuals with income up to Rs 50 lakh, companies or Hindu Undivided Families will file ITR for the income received in 2024-25. ITR One Sahaj and ITR Form Four Sugam are as per the needs of the taxpayers.

Sahaja form will be used by taxpayers whose annual income is up to Rs 50 lakh. Also, he receives income from salary, property of one house, interest from other sources and agriculture. He told that in the light of the changes made by the CBDT, the salaried person taking long term capital gains from shares and mutual funds will get the benefit.

The post ITR New Form 2025: New form issued for ITR, file returns up to Rs 50 lakh without any hassle first appeared on informalnewz.

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