Changes in Income tax return FY 2024-25

Описание: The Income Tax Dept have updated the Excel Utility for ITR forms.

Here are 7 MAJOR changes you must know before filing:

🧾 1. HRA (House Rent Allowance)
You now need to enter:
✔️ Actual rent paid
✔️ Whether your city is metro or non-metro
✔️ “Place of Work” (new!)
✔️ Complete salary breakup
No more blind deductions — details are a must!

🏦 2. Section 80C Deductions
Investing in PPF, ELSS, ULIPs or Tax-Saver FDs?
You’ll now be asked for:
✔️ Policy / Investment Document Number
✔️ Issuer Name
✔️ Investment Type

🩺 3. Section 80D (Health Insurance)
✔️ Name of Insurance Provider
✔️ Policy Number
Just the premium amount is not enough anymore!

🎓 4. Section 80E/ 80EE/80EEA/ 80EEB
If you claimed interest on loans:
✔️ Mention the lender's name (bank/NBFC)
✔️ Loan sanction date
✔️ Total loan amount
✔️ Remaining balance & interest paid

5. Section 80DDB (Specified Disease Treatment)
You now need to mention the exact disease for which you're claiming the deduction.

📌 Why this matters?
These detailed disclosures will reduce fake claims, but also mean extra documentation is needed. If you're salaried or self-employed and planning to DIY your ITR, double-check your deduction proofs in advance.

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