Kind attention Taxpayers!
CBDT notifies ITR-1 (Sahaj) & ITR-4 (Sugam) for AY 2025-26 via Notification No. 40/2025 dated 29.04.2025.
Key updates:
- File ITR-1 or ITR-4 even with Long term capital gains U/s 112A (up to ₹1.25 lakh with no brought forward/ carry forward loss)
- Changes made to capture details of deductions claimed under various sections.
- Section under which TDS is deducted will be captured in Schedule-TDS.
https://incometaxindia.gov.in/communications/notification/notification-40-2025.pdf
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