CBDT Notifies ITR-2 for FY 2024-25: Key Changes and Implications for Taxpayers

Rashmi , Last updated: 07 May 2025  
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1. Threshold Change in Schedule AL (Assets Liabilities) Old Rule: Mandatory if total income Rs 50 lakh New Rule: Now applicable only if total income Rs 1 crore Impact Benefit Reduces compliance burden on upper-middle-income taxpayers. Schedule AL is complex, requiring details of real

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Rashmi
(business)
Category Income Tax   Report

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