ITR Form-2 notified for AY 2025-26: The notification amend the Income Tax Rules. Form ITR-2 (For Individuals and HUFs not having income from profits and gains of business or profession) has been replaced with new form in Appendix-II of the existing rules. The Schedule for Capital Gain now distinguishes gains before and after 23rd July 2024. It permits claiming capital loss on share buyback if corresponding dividend income is declared under other sources post 1st October 2024. The reporting threshold for assets and liabilities has been raised to Rs 1 crore of total income, with enhanced reporting requirements for deductions such as 80C and 10(13A). The form also mandates reporting of TDS section codes in Schedule TDS. (Income Tax Notification 43/2025 Dated 03/05/2025)