🧾💼 ITR Filing Just Got a Makeover!
🔥 New Deadlines
💰 Capital Gains Tax Reformed
📈 More Deduction in NPS
🌍 Foreign Asset Relief
👉 Swipe to see what’s changed in #ITRFiling2025
#FinanceIndia #Budget2024 #MoneyMatters #TaxSeason2025 #TaxpayerTips #NewTaxRegime #IndiaFinance
#Budget2024
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
Just before the election, Liberals handed out 411 cheques worth $3.86B
During the last Parliament Global News tracked more than 20,000 spending announcements worth $110 billion combined, some of which appeared to support the Liberals' political goals.
#politics #election #money #spending #Budget2024 #federalspending
https://globalnews.ca/news/11207748/federal-election-liberal-cheques-3-86-billion/
Just before the election, Liberals handed out 411 cheques worth $3.86B
During the last Parliament Global News tracked more than 20,000 spending announcements worth $110 billion combined, some of which appeared to support the Liberals' political goals.
#politics #election #money #spending #Budget2024 #federalspending
https://globalnews.ca/news/11207748/federal-election-liberal-cheques-3-86-billion/
Just before the election, Liberals handed out 411 cheques worth $3.86B
During the last Parliament Global News tracked more than 20,000 spending announcements worth $110 billion combined, some of which appeared to support the Liberals' political goals.
#politics #election #money #spending #Budget2024 #federalspending
https://globalnews.ca/news/11207748/federal-election-liberal-cheques-3-86-billion/
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
Exempt Income Update | New Section 10(15B)
Finance Act (No. 2), 2024 introduces a new exemption:
• Section 10(15B) added under ‘Other exempted income’
• Applies to: Foreign companies that are non-residents
• Listed in the Incomes fully exempt table
Another targeted exemption aimed at improving cross-border investment flows.
NPS Deduction Boost under New Tax Regime (115BAC)
As per Finance Act (No. 2), 2024:
• Deduction u/s 80CCD(2) now allowed up to 14% of Salary + DA
• Applies regardless of the nature of employment
• Previously capped at 10% for private sector employers
Applicable from AY 2025-26 to individuals opting for 115BAC.
#IncomeTax #NPS #80CCD #TaxDeduction #115BAC #Budget2024 #EfileTax
Capital Gains Update | Section 50AA
Effective 23 July 2024, unlisted debentures and bonds (except Sovereign Gold Bonds) are now a distinct asset class for STCG purposes.
Taxable under the new Section 50AA, inserted via Finance Act (No. 2), 2024.
STCG tables updated under:
Asset Type → Shares / Debentures / Units / Bonds
Applies to all taxpayers except Local Authorities.
ITR Filing Update | Section 139AA
From AY 2025-26, only Aadhaar Number will be accepted in the Assessee Information section.
• Aadhaar Enrolment ID is no longer valid for ITR data entry
• Applies to: Resident Individuals
• As per: Finance Act (No. 2), 2024
#ITRUpdate #Aadhaar #IncomeTax #Section139AA #Budget2024 #EfileTax
More tax relief under the new regime (Section 115BAC)
As per Budget 2024, standard deductions have been increased
• Salary income → ₹75,000 (earlier ₹50,000)
• Family pension → ₹25,000 (earlier ₹15,000)
Applies from AY 2025-26 to those opting for the new tax regime.
🚨 New Tax Regime Gets a Makeover under Section 115BAC!
Budget 2024 has RAISED the 5% slab limit to ₹7L 👀
Slab break-up for FY 2024-25 (AY 2025-26)
🟢 ₹0–₹3L → 0%
🟡 ₹3L–₹7L → 5%
🔵 ₹7L–₹10L → 10%
🟠 ₹10L–₹12L → 15%
🟣 ₹12L–₹15L → 20%
🔴 ₹15L+ → 30%
✅ Applies to: Individuals, HUFs, AOPs, BOIs, etc.
📌 Only for Residents opting new regime
📊 More savings or more confusion?
Will you switch to the new tax regime this year?
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