This briefing summarizes key information from the provided source, a comprehensive video guide for senior citizens on filing their Income Tax Return (ITR) One...
🆕 New Formats Alert: Financial Statements for Non-Corporate Entities Applicable from FY 2024–25
Author: CA Devesh Thakur | Date: June 2025
The Institute of Chartered Accountants...
Highlighting the key changes between ITR Form 3 for Assessment Year (AY) 2024-25 and AY 2025-26 based on the documents provided:
SectionAY 2024-25AY 2025-26RemarksOption to...
SectionDeductionMaximum LimitApplicabilitySection 80CInvestments in PPF, EPF, LIC, NSC, ELSS, principal repayment of home loan, etc.₹1,50,000Individuals & HUFSection 80CCCContribution to annuity plans of LIC or...