Archive · 3 Jun 2025
ITR Filing: New Details Required for Exemptions and Deductions
When you file your taxes, you'll need to share a lot more details than before.
This includes things like your insurance details, house rent information, and medical expenses.
The tax office is asking for this extra information to make sure people are claiming deductions correctly and not making false claims.
It's important to gather all the necessary paperwork to avoid any problems.
This change is mainly for the assessment year 2025-26, and the deadline is September 15th.
Taxpayers must provide detailed information for exemptions and deductions in ITR for assessment year 2025-26.
The new requirement includes insurance, loan, HRA, and medical treatment details.
Tax experts say it aims to stop fraudulent deduction claims.
Taxpayers will need to collect documentation to support their claims.
The filing deadline is September 15.
- Who
- Taxpayers, especially those under the old regime.
- What
- Taxpayers must provide detailed information for claiming exemptions and deductions in their ITR for the assessment year 2025-26.
- When
- For the assessment year 2025-26, with the filing deadline extended to September 15.
- Where
- Not specified in the article.
- Why
- To prevent fraudulent deduction claims, as the income tax department noticed numerous instances of false deduction claims.
Taxpayers
Tax Department
Burden of Detailed Information
Taxpayers
Taxpayers will need to gather and provide comprehensive information, adding complexity to the filing process.
Tax Department
The department needs more detail to ensure tax compliance and reduce false claims.
- Tax Year
- Assessment year 2025-26
- ITR Filing Deadline
- September 15
- Information for Insurance Premium Deduction (80C)
- Insurance company name, policy number
- Information for HRA Exemption
- Landlord details, actual HRA received and rent paid
- Information for home loan interest deduction
- Lender and loan particulars
- Information for Medical Treatment Deduction
- Details of the specific disease
