Kind attention Taxpayers!
CBDT notifies ITR-Form 2 for AY 2025-26 vide Notification No. 43/2025 dated 03.05.2025.
Key updates:
- Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in Finance Act, 2024)
- Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024)
- Asset & liability reporting limit raised to ₹1 crore of total income
- Enhanced reporting for deductions [80C,10(13A)], etc.
- TDS section code to be reported in Schedule-TDS
https://egazette.gov.in/WriteReadData/2025/262891.pdf
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