ITR filing FY 2024-25: Taxpayers take note! These 7 changes in new...

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ITR filing FY 2024-25: Taxpayers take note! These 7 changes in new ITR forms excel utilities are important

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The income tax department has implemented new validation rules for ITR-1 and ITR-4 forms for FY 2024-25, requiring detailed disclosures, especially for salaried individuals claiming deductions under the old tax regime. These changes aim to curb false claims and ensure quicker, more transparent return processing by mandating specific details like policy numbers, lender information, and disease names for various deductions.

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