New reporting requirements for #incometaxreturn ITR -1 and ITR-4 under the old tax regime for A.Y. 2025–26:
HRA Exemption (Section 10(13A)):
Place of employment
HRA amount received
Actual rent paid
Basic salary + Dearness Allowance
50% (metro cities) or 40% (non-metro cities) of basic salary
Section 80D (Medical/Health Insurance):
Insurance company name
Policy/Document Number
Section 80E (Education Loan Interest):
Lender’s name
Bank name
Loan account number
Loan sanction date
Total loan amount
Outstanding balance as of March 31
Section 80EE/80EEA (Home Loan Interest):
Lender’s name
Bank name
Loan account number
Loan sanction date
Total loan amount
Outstanding balance as of March 31
Section 80EEB (Electric Vehicle Loan Interest):
Lender’s name
Bank name
Loan account number
Loan sanction date
Total loan amount
Outstanding balance as of March 31
Section 80DDB (Medical Treatment of Specified Diseases):
Name of the specified disease
Increased disclosures & documentation 🤯🤯
Comments
Post a Comment