After much anticipation, the Central Board of Direct Taxes (CBDT) has notified the new ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025–26 (Financial Year 2024–25) on 29th April 2025.

From higher thresholds for asset disclosure to updated capital gains reporting, changes have been brought about to provide ...

ITR-4: ITR-4 can be filed by a Resident Individual/ HUF/ Firm (other than LLP) who has income not exceeding ₹ 50 lakh during ...

ITR-1, or Sahaj, is for resident individuals who have an overall income of not more than Rs 50 lakh a year and the income is from a salary or pension, single house property, or income like interest ...

Taxpayers with long-term capital gains (LTCG) under Section 112A can now file ITR-1, provided the gains are within the threshold limit.