New Disclosure Asked or Added in ITR and Form 26AS

• July 23, 2020
• CA Chandan Agarwal's Office

A) Income Tax New disclosures asked in the new ITR forms are:

1. House ownership: Individual taxpayers who are joint owners of house property cannot file ITR 1 or

2. Passport: One needs to disclose the Passport number if held by the This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other ITR Forms as and when they are notified.

3. Cash deposit: For those filing ITR 4-Sugam, it has been made compulsory to declare the amount deposited as cash in a bank account, if such amount exceeds Rs 1 crore during the FY

4. Foreign travel: If you have spent more than Rs 2 lakh on travelling abroad during the FY, you need to disclose the actual amount spent.

5. Electricity consumption: If your electricity bills have been more than Rs 1 lakh in aggregate during the FY, you need to disclose the actual

6. Investment details: Details of investment qualifying for deduction under chapter VIA with bifurcation of details of investment made during the period from April 1, 2020 to June 30, 2020.

Read more on: https://taxguru.in/income-tax/disclosure-asked-added-itr-form-26as-2.html