CBDT Notifies ITR-2 Applicable for AY 2025-26
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- By Chetan Kulasri
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- Last Updated on 6 May, 2025
Latest from Taxmann
Notification no. 43/2025, dated 03-05-2025
The Central Board of Direct Taxes (CBDT) has notified Income Tax Return (ITR) Form 2, applicable for the Assessment Year (AY) 2025–26, corresponding to income earned during the Previous Year 2024–25.
1. Who Should Use ITR Form 2?
ITR Form 2 is meant for –
- Individuals and Hindu Undivided Families (HUFs)
- Who do not have income under the head ‘Profits and Gains of Business or Profession’
This includes taxpayers who earn income from –
- Salary or pension
- House property
- Capital gains
- Other sources (including interest, dividend, etc.)
2. Key Changes in ITR Form 2 for AY 2025–26
Most changes in the new Form 2 are driven by the amendments introduced through the Finance (No. 2) Act, 2024. These may include –
- Revised disclosures to align with changes in capital gains taxation
- Reporting of income under new or modified sections
- Additional compliance requirements based on updated tax regimes or exemptions
The form structure and fields have been updated to reflect the latest provisions and to improve clarity in reporting.
Click Here To Read The Full Notification
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