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New ITR-2 form notified for income tax return filing AY 2025-26: What’s new for taxpayers? Check top points
The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July 23, 2024. Capital loss is allowed on share buybacks from October 1, 2024. The asset and liability reporting threshold is now Rupees one crore.
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