Quick Summary
The Central Board of Direct Taxes (CBDT) has officially notified the updated ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26 (Financial Year 2024-25), effective from April 29, 2025. These simplified forms are designed to facilitate return filing for salaried individuals, pensioners
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FAQ :
For AY 2025-26, ITR-1 and ITR-4 now allow reporting of long-term capital gains under Section 112A up to Rs 1.25 lakh, and include a new disclosure for exempt capital gains. Form 10BA is mandatory for Section 80GG deductions, and TDS/TCS reporting has been enhanced.
ITR-1 is for resident individuals with total income up to Rs 50 lakh, having income from salary, one house property, or other sources, and LTCG under Section 112A up to Rs 1.25 lakh, with agricultural income up to Rs 5,000.
ITR-4 is for resident individuals, HUFs, or firms (excluding LLPs) with total income up to Rs 50 lakh, income under presumptive taxation schemes (Sections 44AD, 44ADA, 44AE), and LTCG under Section 112A up to Rs 1.25 lakh.
Taxpayers claiming a deduction under Section 80GG for rent paid (where HRA is not received) must now electronically submit Form 10BA along with their income tax return. Failure to do so may result in the claim being disallowed.
No, if you have capital gains other than those covered under Section 112A (up to Rs 1.25 lakh), you cannot use ITR-1 or ITR-4. You would need to use ITR-2 or ITR-3.
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