1. Expanded Eligibility for ITR-1
Now allowed for individuals with:
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Family pension (not just salary/pension income)
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Income from other sources like interest/dividends (if not exceeding ₹50 lakh)
Still not permitted for:
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Capital gains
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Foreign income/assets
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Agricultural income > ₹5,000
2. Residential Status Auto-Validation
Auto-calculated based on:
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Number of days stayed in India
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Date of arrival/departure (linked with AIS/TIS)
✔️ Ensures NRI/resident status is correctly determined and reported.
3. Enhanced Pre-filled Data
More fields pre-filled using PAN & AIS:
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Salary, interest, and dividend income
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TDS, advance tax
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Capital gains (if any from broker uploads)
✔️ Reduces manual errors and mismatches.
4. More Detailed Salary Breakup (ITR-1)
Now mandatory to show:
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Basic pay
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HRA
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Perquisites
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Bonus/incentives
📝 Matches Form 16 format for increased accuracy.
5. Cash vs Digital Receipts Declaration (ITR-4)
For businesses under presumptive income scheme (44ADA/44AE), must declare:
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Total receipts
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Breakup: Cash vs. Digital/Online
🔍 Promotes transparency in business income reporting.
6. Bank Account Disclosures Expanded
Now mandatory to disclose:
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All active and dormant accounts
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Bank names, IFSC codes
🏦 Aids refund reconciliation and interest/cash reporting.
7. Section-wise Deductions Required (80C to 80U)
Must mention each deduction clearly:
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80C: LIC, PPF, ELSS, etc.
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80D: Health insurance
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80E: Education loan interest
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80G: Donations
📌 Ensures accurate capping (e.g., ₹1.5 lakh under 80C).
8. New Validations for Capital Gains Reporting (ITR-2 & 3)
Structured disclosures needed:
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Date of acquisition & sale
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Type of asset (shares, property, etc.)
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Indexed cost & LTCG exemption (if any)
📊 System matches broker data from AIS for accuracy.
9. Foreign Income & Asset Reporting (ITR-2 & ITR-3)
Revised Schedule FA includes:
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Foreign bank accounts
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Shares/stocks
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Properties abroad
🌍 Must report even if there’s no income.
⚠️ Non-disclosure can attract penalties under the Black Money Act.