
The Income Tax Department has made changes in the ITR verification rules for reporting the income of FY 2024-25 (AY 2025-26). So far, Excel-based ITR filing utilities have been issued for ITR-1 and ITR-4.
Income Tax: Experts say that such changes have been made to prevent the claim of wrong tax deduction while filing ITR. Earlier, the Income Tax Department used to manually check the authenticity of tax deduction while processing ITR. Now this process has been automated. Now it has been implemented at the level of ITR filing itself. This means that the chances of errors in ITR will be reduced and the processing of ITR will be faster.
Many changes have been made in the Income Tax Return (ITR) verification rules for assessment year 2025-26. Most of these changes are related to tax deductions that can be claimed under the old tax rules. Let us know the seven special changes made in the ITR filing utility as follows-
From now on, detailed information of House Rent Allowance (HRA) will have to be given. Now taxpayers claiming HRA will have to provide more information like workplace, HRA actually received, rent paid, basic salary and DA and 50% or 40% of basic salary as HRA depending on metro or non-metro city. All this information will have to be given in the ITR form.
Apart from this, the second change is that now more information will have to be given for the detailed information of deduction under section 80C, such as the amount claimed under section 80C. In this, policy number of life insurance premium etc. will have to be given. Apart from this, detailed information of PPF, tax saving FD etc. will also have to be given. Let us tell you that under section 80C you can claim a deduction of up to one and a half lakhs.
Under section 80D, the details of health insurance premium will now have to be given along with the name of the health insurance company and the policy or document number. Under this, if your parents are below 60 years of age, you can claim up to Rs 50,000 as insurance premium. If your parents are senior citizens, you can claim Rs 25,000 for your health insurance and Rs 50,000 for your parents. That is, a total of Rs 75,000.
If you claim interest on education loan under section 80E, this time you will have to provide all the information related to the name of the bank, loan account number, date of loan sanction, total loan amount, loan outstanding till March 31 and loan interest.
Just like education loan, you will have to provide section 80EE / 80EEA information for home loan interest. That is, you will have to provide information about the name of the loan taker for housing property, name of the bank, loan account number, date of loan approval, total loan amount and outstanding loan till 31st March etc.
For Section 80EEB i.e. interest exemption on electric vehicle loan, you will have to provide detailed information. Under this, you will have to provide the name of the loan taker, name of the bank, loan account number, date of loan approval, total loan amount and the outstanding amount on March 31.
In section 80DDB, detailed information of the expenses incurred on the treatment of certain diseases will also have to be given. If you claim exemption under this, then the information about the expenditure on the specified disease will have to be given along with the disease. CA Ashish Mishra told that the above changes have been made in ITR-1 and ITR-4 issued for AY 2025-26. Such information was not part of the old form.