This blog post details a critical update for Indian taxpayers claiming deductions under Sections 80DD and 80U for disability for Assessment Year (AY) 2025-26. It highlights the new mandatory requirement to furnish the disability certificate's acknowledgement number in the Income Tax Return (ITR). The post explains the significance of this change for verification and compliance, provides a clear checklist for taxpayers, and outlines essential documentation beyond the acknowledgement number, ensuring a smoother tax filing process under the Old Tax Regime.

This blog post details how to report capital gains from shares, mutual funds, and property in the Income Tax Return (ITR) for Assessment Year 2025-26 (Financial Year 2024-25). It explains the classification of gains (STCG/LTCG), calculation methods considering grandfathering, the significant impact of the Finance (No.2) Act 2024 changes effective July 23, 2024 (including curtailed indexation and revised tax rates), set-off rules, and specific ITR schedules (like CG and 112A). It also covers capital gains exemptions and emphasizes reconciliation with AIS/TIS.