Income tax department notifies all 7 ITR forms for AY 2025-26; Check key changes in capital gains reporting and disclosure norms
Monday, 12 May 2025 () The income tax department has notified all seven ITR forms for the assessment year 2025-26, including changes in ITR-1 and ITR-4 for reporting capital gains. Taxpayers with LTCG up to Rs 1.25 lakh can now file ITR-1 and ITR-4. Other ITR forms have been updated to reflect changes in capital gains tax calculations and reporting thresholds.
Have you been conditioned to believe that filing a 1040 Income Tax Form is the “safe” thing to do to not get in trouble with IRS? You’re not alone. Millions of Americans blindly submit their 1040..
Tax season is coming to a close and despite President Trump’s promises of lower taxes for the average joe, most people say the amount they paid in federal income tax this year was “unfair”. The..
Monday, 12 May 2025 ()
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