Filing ITR-2 for AY 2025-26? Don’t Miss These 6 Key Changes in the Excel Utility!

The Income Tax Department has released the latest ITR-2 Excel utility, and there are 6 important updates you must know before filing.

✅ 1. Capital Loss from Buyback You can now report losses from share buybacks—ensure dividend income is also declared to claim this loss! ✅ 2. New Section for Buyback Dividends [2(22)(f)] A dedicated field added to show income from share buybacks—no more clubbing with regular dividends. ✅ 3. Real Estate Sale Reporting Tweaked Cost of acquisition and improvement must now be split for transactions before & after 23 July 2024—important for correct indexation. ✅ 4. Assets & Liabilities Threshold Raised You only need to report these if total income exceeds ₹1 crore (up from ₹50 lakh). ✅ 5. TDS Details Need Section Codes While reporting TDS, you now need to mention the specific section (e.g., 194A, 194K) under which it was deducted. ✅ 6. Capital Gains Segregation (Pre/Post July 23) Capital gains must now be split based on whether they occurred before or after 23 July 2024 to apply correct tax rates.