15/07/2025
๐ข ITR Filing Alert โ A.Y. 2025-26
๐จ Only ITR-1 & ITR-4 are currently available online on the Income Tax Portal.
โ ITR-2 & ITR-3, which are crucial for stock market and crypto investors, are not yet enabled.
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๐ Who needs ITR-2 or ITR-3?
You must file ITR-2 or ITR-3 if you have:
๐ Capital Gains/Loss from Shares, Mutual Funds, Real Estate
๐ Intraday or F&O Trading (Income from Business/Profession)
๐ช Income from Virtual Digital Assets (Crypto, Bitcoin, NFTs, etc.)
๐ Multiple income sources like salary, house property, etc.
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โ ๏ธ What if you skip reporting?
โ Avoiding disclosure or filing the wrong ITR may lead to:
๐ธ Heavy penalties & interest
๐ฌ Scrutiny notices from the Income Tax Department
โ Disallowance of Loss Carry Forward
๐ AIS & 26AS mismatches triggering investigation
โ๏ธ Legal consequences under Section 270A & 276C
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โ
Wait for ITR-2 & ITR-3 to go live for proper reporting of crypto, stock market income/loss, and other complex sources.