CBDT notified ITR-2 PDF Format for AY 2025-26. Read major changes made for AY 2025-26

CBDT notified ITR-2 PDF Format for AY 2025-26

CBDT has notified ITR-2 PDF Format for AY 2025-26. The major changes made in ITR-2 for AY 2025-26 as compared to ITR-2 for AY 2024-25 are as under:

1. Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in Finance Act, 2024)

2. Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024)

3. Asset & liability reporting limit raised to ₹1 crore of total income

4. Enhanced reporting for deductions [80C,10(13A)], etc.

5. TDS section code to be reported in Schedule-TDS

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)

Notification No. 43/2025

New Delhi, the 3rd May, 2025

G.S.R 287(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Fifteenth Amendment) Rules, 2025.

(2) They shall come into force with effect from the 1st day of April, 2025.

2. In the Income-tax Rules, 1962, in Appendix-II, for FORM ITR-2, the following FORM shall be substituted, namely:

Form ITR-2
Indian Income Tax Return
[For Individuals and HUFs not having income from profits and gains of business or profession] (Please see Rule 12 of the Income-tax Rules, 1962)

Download ITR-2 PDF Form Click Here >>

[F. No. 370142/15/2025-TPL]

SURBENDU THAKUR, Under Secy.,
Tax Policy and Legislation

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, subsection (ii) vide number S.O. 969 (E), dated the 26th March, 1962 and was last amended vide notification GSR 286(E), dated the 01 May, 2025.

Explanatory Memorandum- It is hereby certified that no person shall be adversely affected by giving retrospective effect to these rules.

• Demand set aside as assessee for period covered had discharged tax liability under SVLDRS
• No addition u/s 68 when there is no fresh receipt of unsecured loans during the year
• Taxes on sales comprising in turnover to be excluded for estimating net profit
• Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld
• Bail granted to a CA accused in a GST evasion of more than 40 crores