The Income Tax Department has released ITR forms for FY 2024-25, revising ITR-1 eligibility. Individuals with income up to Rs 50 lakh, including limited LTCG from listed equity shares/mutual funds (up to Rs 1.25 lakh), can use ITR-1. However, those with higher income, business income, or multiple properties are ineligible.
from Tax-Wealth-Economic Times https://ift.tt/jbuRzZx
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