Taxpayers with income over ₹50 lakh or multiple houses must provide additional details when filing their income tax return. The tax department is requesting information such as Legal Entity Identifier, political party contributions, and deductions for dependent with disability. An LEI is required for refunds over ₹50 crore.
The Central Board of Direct Taxes has notified ITR forms 2, 3, and 5 for assessment year 2024-25, with additional details required under ITR-2. ITR-1, ITR-3, ITR-4, and ITR-6 are also mentioned based on specific criteria for filing.
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