
Image Details - AIDesign Free AI Image Generator
create a visual social media post from - š¢ BIG ITR UPDATE for A.Y. 2025-26! šØ 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: š Annexures Introduced ā Quick Summary šš» 1. Interest on Borrowed Capital ā Sec 24(b) ⤠Loan Source (Bank / Other than Bank) ⤠Name of Lender ⤠Loan A/c Number ⤠Sanction Date ⤠Total Loan Amount ⤠Outstanding as on 31st March ⤠Eligible Interest (Sec 24(b)) CA Yogesh Birls 2. Deduction under Sec 80C ⤠Policy Number or Document ID is now mandatory 3. Deductions under Sec 80CCC / 80CCD(1) / 80CCD(1B) ⤠PRAN Number (for NPS & pension-related deductions) 4. Medical Insurance ā Sec 80D ⤠Name of Insurance Company ⤠Policy Number 5. Dependent with Disability ā Sec 80DD ⤠Details of dependent with disability (format/details may vary) 6. Specified Disease ā Sec 80DDB ⤠Disease must be selected from dropdown list 7. Education Loan Interest ā Sec 80E ⤠Loan Source ⤠Name of Bank ⤠Loan A/c Number ⤠Sanction Date ⤠Total Loan Amount ⤠Outstanding as on 31st March ⤠Interest Paid (Sec 80E) 8. Residential House Loan ā Sec 80EE ⤠Loan details similar to Sec 80E ⤠Interest Paid under Sec 80EE 9. Affordable Housing Loan ā Sec 80EEA ⤠Same disclosure as 80EE ⤠For certain residential properties 10. EV Loan ā Sec 80EEB ⤠Same as above ⤠For Electric Vehicle Loan Interest 11. Person with Disability ā Sec 80U ⤠Personal details related to disability (format/details may vary) šÆ Key Takeaway: These annexures ensure detailed documentation for deduction claims ā so be ready with your loan, insurance, and policy details while filing ITR! ā Start preparing documents early to avoid last-minute rush.
A unique masterpiece showcasing the perfect blend of AI technology and human creativity.