✅ Income Tax Department Notifies ITR Forms for AY 2025–26: Key Changes You Must Know

The Income Tax Department has officially notified the ITR forms — ITR-1 (SAHAJ), ITR-2, ITR-3, and ITR-4 (SUGAM) — for Assessment Year 2025–26. These forms are applicable for income earned during Financial Year 2024–25 and incorporate key amendments introduced by the Finance Act, 2024.

Whether you are a salaried individual, business owner, freelancer, or professional — here's a breakdown of the major updates across these forms.

🧾 ITR-1 (SAHAJ): For Salaried Individuals with Simple Incomes

Who can file:
Resident individuals (excluding Not Ordinarily Resident) with income up to ₹50 lakh from salary/pension, one house property, and other sources (excluding lottery or racehorse income).

✅ Key Changes in ITR-1:

• LTCG Reporting Enabled: Individuals earning Long-Term Capital Gains up to ₹1.25 lakh under Section 112A (on listed equity shares and mutual funds) can now use ITR-1.

• TDS Details Required: Detailed section-wise TDS disclosure is now mandatory.

• Simplified Deductions: Dropdowns added for deductions under Sections 80C, 80GG, etc., in the ITR utility.

🧾 ITR-2: For Capital Gains, Multiple House Properties & More

Who can file:
Individuals and HUFs with income from salary, more than one house property, capital gains, foreign income, or agricultural income over ₹5,000 — but no business income.

✅ Key Changes in ITR-2:

• Split Capital Gains: Capital gains must be reported separately for transactions before and after July 23, 2024, in line with new laws.

• Share Buyback Losses: From Oct 1, 2024, losses on buyback of shares can be claimed only if dividend income is declared.

• Asset Threshold Raised: Disclosure of assets & liabilities now mandatory only if net worth > ₹1 crore (earlier ₹50 lakh).

🧾 ITR-3: For Business Income, Freelancers, and Professionals

Who can file:
Individuals and HUFs earning income from business or profession (including freelancers, traders, etc.) who maintain books of accounts.

✅ Key Changes in ITR-3:

• Capital Gains Segregation: Like ITR-2, capital gains bifurcated pre- and post-July 23, 2024.

• Asset Reporting Threshold: Now applies only if assets/liabilities > ₹1 crore.

• Ease of Filing: Format has been simplified to reduce unnecessary compliance.

🧾 ITR-4 (SUGAM): For Presumptive Income Tax Filers

Who can file:
Resident Individuals, HUFs, and Firms (excluding LLPs) with income up to ₹50 lakh and income from business/profession under Sections 44AD, 44ADA, 44AE.

✅ Key Changes in ITR-4:

• LTCG Under Section 112A Allowed: LTCG up to ₹1.25 lakh is now permissible for ITR-4 filers.

• Section-Wise TDS Disclosure: Just like ITR-1, section-wise TDS reporting is required.

• Digital Turnover Limits: New digital compliance rules incorporated.

📆 Important Due Dates – AY 2025–26

Particulars	Date
Start Date of Filing	1st April 2025
Due Date for Non-Audit Cases	31st July 2025
Due Date for Audit Cases	31st October 2025

🔍 Who Should File the Right ITR?

• Salaried Individuals with capital gains? → Consider ITR-2 if gains exceed ₹1.25 lakh.

• Freelancers & Professionals? → Use ITR-3 or ITR-4 (if under presumptive scheme).

• Share Traders, Investors with Mutual Funds? → Use ITR-2/ITR-3 depending on nature of trading.

📥 Need Help Filing Your ITR?

At FileBob.in, we simplify the entire tax filing experience for you. Whether you’re a:

• Salaried professional

• Delivery partner for Swiggy or Zomato

• Driver or partner for Ola/Uber

• Freelancer or content creator

• Contractor, transporter, or agent

• Small business owner or shopkeeper

We help you file your return accurately and quickly — usually within 3–4 working days!

✅ Claim TDS Refunds
✅ Select the Correct ITR Form
✅ Auto-fetch Form 26AS and AIS Data
✅ Assistance for Old or Missed ITRs (under Section 139(8A))

📲 Upload Your PAN and Start Now

👉 Click here to upload your PAN and file ITR

📝 Final Words

The new ITR forms for AY 2025–26 show the Income Tax Department’s push toward digitization, accuracy, and simplicity. Make sure to file the right form and avoid penalties or delays.

For expert tax filing assistance, trust FileBob.in — India’s trusted platform for personal and business tax compliance.