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Changes in ITR-1 and ITR-4 in tabular form.

02 May, 2025
8220 View

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

 

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