Income Tax Update: ITR-1 & ITR-4 Now Applicable for LTCG Up to ₹1.25 Lakh

Income Tax: The Income Tax Department has notified ITR-1 (Sahaj) and ITR-4 (Sugam) forms for FY 2024-25 (Assessment Year 2025-26). Now ITR-2 will not be filled when long-term capital gains (LTCG) up to Rs 1.25 lakh. Mutual funds and business trusts will be applicable. ITR-1 (spontaneous) can be filled:-Resident Indians who have a total annual […] The post Income Tax Update: ITR-1 & ITR-