Monday, June 2, 2025

ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know

The income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecting salaried individuals and those claiming deductions under the old tax regime. Taxpayers must now provide detailed information for HRA, Section 80C, 80D, 80E, 80EE/80EEA, 80EEB, and 80DDB claims, aiming to curb false claims and expedite ITR processing.

from Tax-Wealth-Economic Times https://ift.tt/EkHZtMS

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