💨 Abstract

In short: The Income Tax Department has notified all seven income tax return (ITR) forms for the assessment year 2025-26. Notable changes include: - ITR-1 and ITR-4 now allow salaried individuals and those under the presumptive taxation scheme to file if their long-term capital gains (LTCG) are up to ₹1.25 lakh annually.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖