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ITR forms for Assessment Year (AY) 2025-26

Key Changes & Updates

The CBDT has released ITR forms – for Assessment Year 2025-26, introducing several important revisions to reflect current tax policies and compliance requirements. The objective behind these revisions is to make tax filings more comprehensive and ensure greater accuracy in income reporting. We are outlining the major changes and their applicability for various taxpayer categories.

ITR Form For Eligible Assessee Income Criteria & Key Details
ITR-1 Resident Individuals (Not HUF)
  • Total income ≤ ₹50 lakhs from salary/pension, one house property, and other sources (e.g. interest) and agriculture income up to ₹5,000.
  • Not applicable to directors, non-residents, or those with foreign income/assets.
  • Can now be used if LTCG u/s 112A ≤ ₹1.25 lakh, provided no carry forward of capital loss.
ITR-2 Individuals and HUFs Income includes capital gains, more than one house property, foreign income/assets, or income > ₹50 lakhs. Not for business/profession income.
ITR-3 Individuals and HUFs For those earning income from business or profession (proprietorship), including income from house property, capital gains, and other sources.
ITR-4 Resident Individuals, HUFs, and Firms (other than LLP)
  • Total income ≤ ₹50 lakhs and business/professional income under presumptive taxation (Sections 44AD, 44ADA, 44AE).
  • Not applicable to non-residents or those with foreign income/assets.
  • Can now be used if LTCG u/s 112A ≤ ₹1.25 lakh, provided no carry forward of capital loss.
ITR-5 Partnership Firms, LLPs, AOPs, BOIs, Estate of deceased/insolvent, Business trusts, Investment funds, etc. For all entities other than individuals, HUFs, and companies. Not applicable to those filing ITR-7.
ITR-6 Companies (except those claiming exemption under section 11) For companies under the Companies Act, excluding charitable/religious exempt entities. Must be filed electronically.
ITR-7 Trusts, Political Parties, Charitable Institutions, etc. Applicable to those required to file under Sections 139(4A) to 139(4D) like trusts, institutions, universities, and political parties.

Disclaimer: This article provides general information existing at the time of preparation and we take no responsibility to update it with the subsequent changes in the law. The article is intended as a news update and Affluence Advisory neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this article. It is recommended that professional advice be taken based on specific facts and circumstances. This article does not substitute the need to refer to the original pronouncement.

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