Complete Guide to New Annexures in ITR Forms for AY 2025-26

Chaitra Seetharam | Last updated: 06 June 2025

Quick Summary

The Indian Income Tax Department has introduced significant updates to ITR forms for AY 2025-26, aiming for greater transparency and simpler filing. Key changes include a higher exemption limit for reporting long-term capital gains (LTCG) in ITR-1 and ITR-4, and the new tax regime is now the default option, requiring active selection each year. Taxpayers must now use drop-down menus to report deductions accurately and provide more detailed information for specific claims, especially when opting for the old tax regime.

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FAQ :

For AY 2025-26, the new tax regime under Section 115BAC is the default option. Taxpayers must actively choose or confirm their preferred regime (old or new) each year when filing their ITR.

Taxpayers can now report LTCG from listed equity investments up to ₹1,25,000 directly in ITR-1 and ITR-4, provided there are no carried forward or brought forward capital losses. Previously, this often required filing ITR-2.

Taxpayers must now select applicable deductions (Sections 80C to 80U) from predefined drop-down menus during e-filing, requiring clause/sub-section-level details for accurate reporting.

Yes, a valid 12-digit Aadhaar number is now mandatory for filing updated ITR forms. The option to use a 28-digit Aadhaar Enrolment ID has been removed.

Yes, for ITR-2, taxpayers now need to disclose assets and liabilities only if their income exceeds ₹1 crore, which is double the previous threshold of ₹50 lakh.

The due date for filing Income Tax Returns for AY 2025-26 (Financial Year 2024-25) has been extended from July 31, 2025, to September 15, 2025.

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About the Author

Chaitra Seetharam

Finance Professional

I write on Income Tax, TDS, ITR filing, banking rules, investment schemes, and financial law updates in India. My articles simplify complex tax provisions, compliance requirements, and policy changes to help taxpayers, professionals, senior citizens, and businesses stay informed and financially aware.

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Complete Guide to New Annexures in ITR Forms for AY 2025-26

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