ITR-2 Form Notified by CBDT: Know the Key Changes:

ITR-2 Form Notified by CBDT: Know the Key Changes

Know the changes introduced in the Income Tax Return Form 2 Notified by IT Department

Income Tax Return Form 2 Notified

authorCA Pratibha GoyaldateMay 5, 2025
Last update on May 5, 2025
Income Tax Return (ITR) Form 2 Notified by IT Department The Income Tax Department has notified the Income Tax Return (ITR) Form 2.

Also Read

ITR Forms 1 and 4 for FY 2024-25 Released: Major Amendments in ITR Form 1, Now Requiring Reporting of Long-Term Capital Gains
Key changes introduced in the ITR Form are as follows:
  • Schedule-Capital Gain split for gains before/after 23.07.2024 (post changes in Finance Act, 2024)
  • TDS section code to be reported in Schedule-TDS
  • Asset and Liability Schedule for Income more than 1 Cr.
  • Reporting of Capital Gains from Unlisted Bonds and Debentures As STCG or LTCG Based on the Transfer Date
  • Reporting of Buy-back Proceeds As Deemed Dividend Starting 1st October 2024
  • Reporting of Disability Certificates for Deductions Under Sections 80DD and 80U
  • Enhanced reporting for deductions [80C,10(13A)], etc.
  • Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024)

About Author

CA Pratibha Goyal

Co Founder

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.
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