11/07/2025
Important Update for Taxpayers!
The Income Tax Department has released Excel utilities for ITR-2 and ITR-3 for AY 2025-26 (FY 2024-25).
ITR-2: For individuals with salary, capital gains, foreign income/assets, etc.
ITR-3: For individuals and HUFs having income from business or profession.
Major updates include:
Segregated capital gains reporting (before & after July 23, 2024)
Revised Schedule AL threshold (₹1 crore)
New reporting requirements for buyback losses, TDS codes & more
Start compiling your data early to avoid last-minute hassle!
CA Abhishek Tyagi
Taxlaw Advisors
[email protected]
+91 9560433253
