Additional Disclosure Requirements in ITR for FY 2024–25 / AY 2025-26
For the Assessment Year 2025–26, the Income Tax Department
has introduced section-wise reporting enhancements in ITR forms to improve the
accuracy and verification of claims made by taxpayers.
1. Section 10(13A) – House Rent Allowance (HRA)
Provides exemption for rent paid by salaried individuals
receiving HRA.
New Disclosures Required:
- Place
of work (metro or non-metro)
- Actual
HRA received
- Actual
rent paid
- Basic
salary + Dearness Allowance
2. Section 24(b) – Interest on Housing Loan
Allows deduction for interest paid on loans taken for
purchase or construction of house property.
New Disclosures Required:
- Loan
source (Bank or Other than Bank)
- Name
of lender
- Loan
account number
- Date
of sanction
- Total
loan sanctioned
- Interest
paid during the year
- Outstanding
loan balance as on 31st March
3. Section 80E – Education Loan Interest
Provides deduction for interest on loans taken for higher
education.
New Disclosures Required:
- Name
of lender
- Loan
account number
- Date
of sanction
- Interest
paid
4. Section 80EE – First-Time Home Buyer Interest
Additional deduction of up to ₹50,000 for interest on home
loans for first-time buyers.
New Disclosures Required:
- Lender
details
- Sanction
date
- Loan
and property value details
5. Section 80EEA – Affordable Housing Interest
Additional deduction of up to ₹1.5 lakh for interest on loans
for affordable housing.
New Disclosures Required:
- Property
value (≤ ₹45 lakh)
- Loan
sanction date and lender details
6. Section 80EEB – Electric Vehicle Loan Interest
Deduction of up to ₹1.5 lakh for interest on loans taken for
electric vehicles.
New Disclosures Required:
- Loan
and interest details
- Vehicle
registration number
7. Section 80C – Investments in Specified Instruments
Provides deduction up to ₹1.5 lakh for investments in LIC,
PPF, ELSS, tuition fees, etc.
New Disclosures Required:
- Policy
number
- Document
Identification Number
8. Section 80CCC – Pension Fund Contributions
Provides deduction for contributions to certain pension
funds.
New Disclosures Required:
- PRAN
(Permanent Retirement Account Number)
9. Section 80D – Health Insurance Premium
Provides deduction for health insurance premiums for self and
family.
New Disclosures Required:
- Name
of insurer
- Policy
number
- Premium
amount paid
10. Section 80CCD(1B) – NPS Contribution
Allows additional deduction of ₹50,000 for contributions to
the National Pension System.
New Disclosures Required:
11. Section 80DD – Maintenance of Disabled Dependent
Deduction for medical care and support of dependents with
disabilities.
New Disclosures Required:
- Nature
of disability
- Type
of disability
- Type
of dependent
Conclusion
These detailed disclosures ensure transparency and help the
department authenticate deduction claims. Taxpayers should keep appropriate
documentation and furnish accurate information while filing their returns.
For professional assistance in income tax return filing and
compliance, contact:
Bansal Sandeep & Co.
Chartered Accountants
📞 +91-8802758246
📧 casandeepbansal2209@gmail.com
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