While filing income tax returns for the financial year 2023-24 in July, you will now have to furnish additional information on tax deductions claimed, including break-up of donations made to political parties, details of disabled dependents for availing of deductions under section 80DD, information on receipts from high-premium life insurance policies and so on.

New ITR forms demand additional details on donations made to political parties, high-value life insurance policies and so on

Khyati Dharamsi is covering personal finance for the past 15 years. Taxation, insurance, mutual funds and gold are her areas of focus.

Tags: #Income Tax #ITR filing #personal finance #Tax

first published: Feb 5, 2024 08:01 pm

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