Income tax return: All seven Income Tax Return forms have been issued by the Income Tax Department for the financial year 2025-26. ITR-1 and ITR-4 have also been issued for small and medium taxpayers.

If you are also thinking of filing an ITR, then today we are giving you information about the changes in the ITR form, which will prove helpful for you in filing returns for the financial year 2025-26.

These big changes will happen in ITR-1 and ITR-4.

According to the information, some important changes have been made in the ITR-1 and ITR-4 forms. These new changes are related to long-term capital gains from listed equity shares.

Now, with this change, the taxpayers who come under Salaried and Estimated Taxation Planning, whose LTCG is up to Rs 1.25 lakh in a financial year, earlier had to file ITR-2, but now those taxpayers can file ITR-1 or ITR-4.

Exemption continues on LTCG of this amount.

Let us tell you that according to the tax laws, if Long Term Capital Gains up to Rs 1.25 lakh are received from the sale of listed shares and mutual funds, then there is no tax on it. However, a 12.5 percent tax is levied on income more than this.

New provisions regarding deduction and TDS in the form

Along with this, changes have been made in the method of claiming deductions under 80C, 80GG, and other sections in the form. Not only this, but now taxpayers will have to submit TDS information in pieces under the change in rules.

Last date for filing ITR

After this, when the forms are notified, the facility of e-filing will start, then taxpayers will be able to file ITR for the income of Financial Year 2024-25. Along with this, let us tell you that for those taxpayers who are not audited, the last date is 31st July.

This is the reason for the delay in the notification of the form.

It is being told that this time the reason for the delay in the notification of the ITR form is that this time the officials of the Revenue Department were a bit busy in preparing the new Income Tax Bill, which was introduced in the Parliament in February. By the way, these forms are notified in February or March.

For whom are ITR-1 and ITR-4

ITR-1: Now, the question arises that which taxpayers will fill ITR-1? Then let us tell you that this can be filled by such persons whose annual income is up to Rs 50 lakh, and they earn income from salary, one house, interest and agricultural income of maximum Rs 5,000.

ITR-4: ITR-4 is easy for those taxpayers who are individuals, HUF (HUF kya hai), and others whose income is up to Rs 50 lakh, and those taxpayers who get income from work related to business or profession.

For whom is ITR-2

Now the question arises that who can fill ITR-2 (ITR-2 Filling Rule), Then let us tell you that ITR-2 is filled by those persons and Hindu undivided families whose income is not obtained from business or professional profit.

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