BIG ITR UPDATE for A.Y. 2025-26!

New Annexures Mandatory for Deduction Claims in Income Tax Returns

The Income Tax Department has introduced a significant compliance update for Assessment Year 2025-26, adding new annexures in Income Tax Returns (ITR) to improve transparency, verification, and accuracy in deduction claims.

These enhanced disclosure requirements are applicable across commonly claimed sections such as 80C, 80D, 24(b), 80E, and more. If you're planning to claim deductions this year — be prepared with complete documentation at the time of filing.

 Summary of Annexures Introduced 

Interest on Borrowed Capital – Sec 24(b)

For claiming interest on housing loans:

• Loan Source (Bank / Other than Bank)

• Name of the Lender

• Loan Account Number

• Loan Sanction Date

• Total Loan Amount

• Outstanding Loan Balance (as of 31st March)

• Interest Claimed under Sec 24(b)

Sec 80C – Investments

• Policy Number / Document ID now mandatory
  (For LIC, tuition fees, PPF, etc.)

Sec 80CCC / 80CCD(1) / 80CCD(1B) – Pension/NPS

• PRAN (Permanent Retirement Account Number) is now required

Medical Insurance – Sec 80D

• Name of Insurance Provider

• Policy Number

Dependent with Disability – Sec 80DD

• Details of the dependent (format and information as per guidelines)

Specified Disease – Sec 80DDB

• Must choose disease from a pre-defined dropdown list

Education Loan Interest – Sec 80E

• Loan Source (Bank/Financial Institution)

• Lender’s Name

• Loan Account Number

• Sanction Date

• Total Loan Amount

• Outstanding as on 31st March

• Interest Paid

Residential House Loan – Sec 80EE

• Same disclosure as Sec 80E

• Interest paid eligible under this section

Affordable Housing Loan – Sec 80EEA

• Same disclosure as above

• Specifically for loans on affordable housing

EV Loan – Sec 80EEB

• Same disclosure format

• Specifically for electric vehicle loan interest

Self with Disability – Sec 80U

• Personal details related to the disability (to be submitted in prescribed format)

Key Takeaway:

These changes reflect the Income Tax Department’s strong focus on data accuracy, digitized compliance, and structured verification. Every deduction claim will now need proper documentary support, clearly submitted through annexures.

✅ What you should do now:
Start gathering:

• Loan sanction letters

• Insurance policy details

• Investment proofs

• NPS/PRAN credentials
  in advance to avoid last-minute stress during ITR filing.

About IATT – Institute of Account & Taxation Training, Ahmedabad

At the Institute of Account & Taxation Training (IATT), we specialize in practical training for students and professionals in the fields of Accounting, GST, and Income Tax. Our programs are carefully designed to match industry standards and cover real-time tax compliances.

We conduct short-term and diploma-level courses (offline & online), and ensure our learners are job-ready with skills such as:

• Tax Return Filing (ITR-1 to ITR-5)

• GST Filing & Reconciliation

• TDS, Payroll, Audit Compliances

• TallyPrime, Excel for Accounts, and diploma in accounting and taxation

Whether you're a student aspiring to join the finance field or a working professional looking to upskill — IATT is your gateway to becoming a skilled tax expert.

For admissions, placement support, or business consulting services, feel free to connect with us.

Stay tuned with IATT for more updates on taxation, return filing, and professional compliance practices.