Learn about the significant changes in ITR forms for FY 2024-25 (AY 2025-26), including wider eligibility for ITR 1 and ITR 4, new TDS section requirements, and updated capital gains tax rules.
Itr FilingCapital GainsTdsTax ReturnsAsset ReportingReal Estate NewsMay 18, 2025
The key changes include wider eligibility for ITR 1 and ITR 4, the requirement to specify the TDS section, new capital gains tax rules, a raised asset reporting threshold, and the reporting of buy-back proceeds as deemed dividends.
Individuals with long-term capital gains (LTCG) from equity shares or mutual funds can use ITR 1 and ITR 4 forms, provided such gains do not exceed Rs 1.25 lakh in the financial year.
Taxpayers must specify the TDS section under which tax was deducted for every income on which tax was deducted. This applies to ITR forms 1, 2, 3, and 5.
Revised capital gains rules introduced in Budget 2024 require taxpayers to pay attention to the date of sale of their assets, as the correct capital gains tax calculation hinges on the sale date.
From FY 2024-25 onwards, only taxpayers with gross total income exceeding Rs 1 crore are required to furnish details of assets and liabilities in their ITR.
Property Ventures (India) Pvt Ltd sells IT Park in Mumbai's Malad area to Clear Bridge Ventures LLP for ₹335 crore
Delhi has emerged as a prominent city in the APAC luxury real estate market, ranking 5th on the annual prime residential price growth index with a 6.5% YoY increase in luxury property prices.
The Reserve Bank of India (RBI) has introduced new guidelines for Urban Cooperative Banks (UCBs), revising their loan exposure limits. The new rules cap the total exposure to housing, real estate, and commercial real estate loans at 25% of total assets, e
Mumbai: The year 2024 has been a landmark for the banking, financial services, and insurance (BFSI) sector in India, with global capability centres (GCCs) leading the charge in commercial real estate leasing over the past three years.
Godrej Properties, a leading real estate developer, has acquired three contiguous land parcels on a 60-year lease from CIDCO in Navi Mumbai, marking a significant investment in the region.
Birla Estates' luxury real estate project, Birla Arika, in Gurugram has seen a tremendous response from buyers. This milestone highlights the company's strong presence in the Indian luxury real estate market and its commitment to delivering high-quality,