ADDITIONAL INFORMATION IN ITR

Most of the additional information being sought in the Income Tax returns this year, applies to taxpayers who wish to claim the deductions under the Old Regime.

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The main purpose of asking such information is to thwart that category of taxpayers who have been making bogus deduction claims. With these details, the Income Tax Department would digitally verify the authenticity of the claims.

CA Gaurav Kenkre is a CA in practice for the last 11 years. He is a regular speaker at various professional organizations, trade bodies, MNCs and Government bodies. He also writes regularly in local as well as national publications. Besides this he holds various positions in bodies such as ICAI, GCCI, College bodies, Rotary etc.

The Income Tax Return (ITR) filing season for Assessment Year 2025-26 is now underway, although belatedly. The Income Tax Department was slow to release the ITR forms and schema and hence, they have suo moto extended the due date for filing ITRS by non-auditable assessees, to 15th September 2025. It appears that the ITR forms this year have significant changes hence the date has been extended by such a margin.

Further, whatever forms have already been released, show the same signs.