| S, No | Topic | Earlier (Old Rule) | Now (New Rule) |
| 1 | ITR-1 (Sahaj) Eligibility | If there was any Capital gain, ITR-1 could not be filed | If LTCG under Section 112A ≤ Rs 1.25 Lakh and no losses, ITR-1 can be filed. |
| 2 | ITR-4 (Sugam) Eligibility | If Capital gain existed, ITR-4 could not be filed. | Presumptive taxpayers with LTCG ≤ Rs 1.25 Lakh (Section 112A) can now file ITR-4. |
| 3 | Capital Loss (Carry Forward) | If there was any Capital Loss, ITR1 or ITR-4 not allowed. | Still not allowed-No Capital loss should be carried forward. |
| 4 | Use of Section 112A | Only relevant for Tax calculation (10% LTCG on above 1 Lakh) | Now used to determine ITR-1/ITR-4 eligibility as well. |
| 5 | Form 10BA (Rent Deduction-80GG) | Only declaration in Form-10BA was required | Now return filing is mandatory along with Form-10BA |
| 6 | Assessment Year Refrence | Referred to AY 2024-25 | Updated to AY 2025-26 |
| 7 | Impact on Investors | Small Investors had to file complex ITR-2 | now they can file simple ITR-1/ITR-4, saving effo |
CA Kavita Dhingra
SUBSCRIBE GST E-LIBRARY (INDIA'S HIGHEST GST CASE LAW DATA)
FOR MORE UPDATE ON GST/ IT JOIN OUR FREE WHATSAPP GROUP BY CLICKING ON THIS LINK https://chat.whatsapp.com/C8VB6F6VHme3A061UDQKh
Comment: