A key error is choosing the wrong ITR form. Taxpayers must opt for ITR-1 and ITR-4 to report exempt long-term capital gains ...

Until now, even a small amount of LTCG required filing ITR-2. This change makes tax filing simpler and less time-consuming for small investors, especially salaried individuals.

Reporting equity capital gains while filing income tax returns is complex due to mandatory scrip-wise disclosure (especially ...

Individuals with F&O trades, business income, or multiple sources must file ITR-3. Here's what's new in rules, risks, and ...

Instead, they were required to file the return in ITR-2 or ITR-3 forms, which are more complex and time-consuming. This resulted in a genuine hardship for small taxpayers.

They cannot be adjusted against STCG or LTCG. Such losses can be carried forward to subsequent years and set off only against future intra-day trading gains," Abhishek Soni, CEO Tax2Win told Mint.

The government had announced in Budget 2025 that Section 87A rebate would not apply to incomes taxed at special rates (like ...