Key Changes in ITRs for Assessment Year 2025–26

ExpressITR || Key Changes in ITRs for Assessment Year 2025–26


1. Enhanced Disclosure in HRA Schedule
The HRA (House Rent Allowance) schedule now requires comprehensive details to be furnished. Taxpayers claiming HRA exemptions must provide detailed rent-related information.

      

2. Detailed Reporting for House Property Income (with Loan Information)
Taxpayers claiming interest deductions on housing loans must now disclose the following details:
  1. Type of Lender
  2. Name of Bank/Financial Institution
  3. Loan Account Number
  4. Loan Sanction Date
  5. Original Loan Amount
  6. Outstanding Loan Amount as on 31st March (Financial Year End)
      

3. LTCG Reporting Now Permitted in ITR-1 and ITR-4
  1. Reporting of Long-Term Capital Gains (LTCG) under Section 112A, up to ₹1.25 lakh, is now enabled in ITR-1 and ITR-4.
  2. This applies to gains from listed equity shares and equity-oriented mutual funds.
  3. Previously, such reporting was restricted to ITR-2 or ITR-3.

4. Mandatory Disclosures under Chapter VI-A Deductions
Taxpayers availing deductions under Chapter VI-A must now provide additional details, as outlined below:
  1. Sections 80C / 80D: Policy Number or Document Identification Number (DIN)
      
      
  1. Sections 80CCD(1), 80CCC, 80CCD(1B): Permanent Retirement Account Number (PRAN)
      
  1. Section 80EEA: Stamp Duty Value of the Residential Property
      
  1. Section 80DDB: Nature of the Specified Disease
      

5. Specification of TDS Sections Now Mandatory
  1. For incomes (other than salary) where tax has been deducted at source (TDS), taxpayers must now specify the relevant TDS section (e.g., 194J, 194I, etc.) in the return.
      
      
  1. This change ensures accurate mapping of TDS credits.
  2. Earlier, specifying the section was optional and not enforced.

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