CBDT Notifies ITR-2 Applicable for AY 2025-26

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  • Last Updated on 6 May, 2025

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ITR Form 2 AY 2025-26

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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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied