Five changes you should know while filing your ITR for 2022-23

While there aren't many changes this year, there are still significant aspects to consider when filing your ITR

Income tax Return filing: 2023

Reporting of income from virtual digital assets (VDA), this includes income from crypto currency.

Crypto Currency

Details of opting out of New Tax Regime. Individuals or Hindu Undivided Families (HUFs) have the option to choose an alternative tax regime under Section 115BAC

Tax Regimes

Details of ARN (Donation Reference Number) to claim 80G deduction To claim a deduction under Section 80G, have the donation receipt and the donation certificate in Form 10BE readily available

Donations 80G

Reporting of turnover from intraday trading Details such as turnover from intraday trading and income from intraday trading transferred to the Profit and Loss account should be provided.

Share market profit

Disclosure of income on which Section 89A relief is claimed

Section 89A offers tax relief on income from retirement benefit accounts held in specified countries. If you have claimed such relief, provide the relevant information in Schedule Salary

Retirement money in foreign banks