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create a visual social media post from - π’ BIG ITR UPDATE for A.Y. 2025-26!
π¨ New Annexures introduced for claiming deductions in Income Tax Returns (ITR)
To improve transparency & verification, the Income Tax Dept. has rolled out additional disclosure requirements for key deductions. Here's what you MUST fill in:
π Annexures Introduced β Quick Summary ππ»
1. Interest on Borrowed Capital β Sec 24(b)
β€ Loan Source (Bank / Other than Bank)
β€ Name of Lender
β€ Loan A/c Number
β€ Sanction Date
β€ Total Loan Amount
β€ Outstanding as on 31st March
β€ Eligible Interest (Sec 24(b)) CA Yogesh Birls
2. Deduction under Sec 80C
β€ Policy Number or Document ID is now mandatory
3. Deductions under Sec 80CCC / 80CCD(1) / 80CCD(1B)
β€ PRAN Number (for NPS & pension-related deductions)
4. Medical Insurance β Sec 80D
β€ Name of Insurance Company
β€ Policy Number
5. Dependent with Disability β Sec 80DD
β€ Details of dependent with disability (format/details may vary)
6. Specified Disease β Sec 80DDB
β€ Disease must be selected from dropdown list
7. Education Loan Interest β Sec 80E
β€ Loan Source
β€ Name of Bank
β€ Loan A/c Number
β€ Sanction Date
β€ Total Loan Amount
β€ Outstanding as on 31st March
β€ Interest Paid (Sec 80E)
8. Residential House Loan β Sec 80EE
β€ Loan details similar to Sec 80E
β€ Interest Paid under Sec 80EE
9. Affordable Housing Loan β Sec 80EEA
β€ Same disclosure as 80EE
β€ For certain residential properties
10. EV Loan β Sec 80EEB
β€ Same as above
β€ For Electric Vehicle Loan Interest
11. Person with Disability β Sec 80U
β€ Personal details related to disability (format/details may vary)
π― Key Takeaway:
These annexures ensure detailed documentation for deduction claims β so be ready with your loan, insurance, and policy details while filing ITR!
β
Start preparing documents early to avoid last-minute rush.
Created By
U
Utsav PathakCreated AtJune 3, 2025
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