CA Sansaar
New ITR-2 form notified for income tax return filing AY 2025-26
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New ITR-2 form notified: The Central Board of Direct Taxes (CBDT) has notified the ITR-2 Form for AY 2025-26, which includes key changes such as separate reporting of capital gains, allowance of capital loss on share buybacks from October 1, 2024, and a raised threshold for reporting assets and liabilities to Rs 1 crore.
The form also mandates reporting of TDS section codes and enhanced disclosures for deductions like 80C and 10(13A).
The form also mandates reporting of TDS section codes and enhanced disclosures for deductions like 80C and 10(13A).
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