Key Updates for ITR Filing FY24-25: What You Need

The government has updated income tax return (ITR) forms for this year.

If you have certain investments, like stocks, and made less than a specific amount, you can use a simpler form.

Rules for how taxes are calculated on certain investments have changed.

If a company buys back its shares, the tax responsibility shifts.

Also, if you run a business, you'll need to report how quickly you pay small businesses.

Finally, you might not have to report your assets and liabilities unless they're worth a certain amount.