The income tax department has notified all seven ITR forms for the assessment year 2025-26, including changes in ITR-1 and ITR-4 for reporting capital gains. Taxpayers with LTCG up to Rs 1.25 lakh can now file ITR-1 and ITR-4. Other ITR forms have been updated to reflect changes in capital gains tax calculations and reporting thresholds.
Recent income tax updates in India introduce revised capital gains tax rates on securities for residents, non-residents, and foreign institutional investors. The changes include higher taxes on equity transactions and adjusted thresholds for long-term capital gains exemptions. These revisions necessitate careful tax planning and strategic investment restructuring for various investor categories to optimize tax efficiency.
Money Mantra Ep 7 | How to turn stock market trading into a full-time career, ft. Mukul Agrawal
Money Mantra Ep 7 | How to turn stock market trading into a full-time career, ft. Mukul Agrawal
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