ITR
Proofs to keep for old regime claims
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Facts
ITR forms do not take attachments, but you must keep proof of every deduction and exemption in case of a notice. Keep them for at least as long as the reassessment period for that year.
Provisions and law
- Sec 80C, Income-tax Act 1961 (now Sec 123)Deduction up to ₹1,50,000 for specified payments such as EPF, PPF, ELSS, life insurance, tuition fees and home loan principal, together with 80CCC and 80CCD(1).
- Sec 10(13A), Income-tax Act 1961 (now Sec 11 (Schedule III, Table Sl. No. 11))HRA exemption is the least of actual HRA received, rent paid minus 10% of salary, and 50% of salary in Delhi, Mumbai, Kolkata or Chennai or 40% elsewhere.
Analysis
Keep rent agreement, rent bank transfers and landlord PAN; 80C receipts and statements; 80D premium receipts; home loan certificates; Form 10BA and donation certificates. A digital folder per year makes notice replies easy. Missing proof is the main reason deductions are disallowed after scrutiny.
Conclusion
- Create a folder for FY 2025-26.
- Save each proof with a clear name.
- Include bank statements showing payments.
- Back up the folder.
- Keep it for several years.
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