<h1>Long term capital gains reporting change allows simpler ITR filing for eligible salaried and presumptive taxpayers when gains fall within exemption.</h1> All seven ITR forms for assessment year 2025 26 are notified. Salaried taxpayers and presumptive scheme taxpayers with long term capital gains from listed equities up to the statutory exemption threshold may file ITR 1 and ITR 4 respectively instead of ITR 2. The Schedule Capital Gains now requires splitting gains arising before and after July 23, 2024, and taxpayers holding property before that date may choose between the new lower LTCG regime without indexation or the earlier regime with indexation. ITR 3's Schedule AL threshold for assets and liabilities reporting is increased, easing disclosure requirements.