ITR Filing: Know these three changes before filing ITR, your return will not be canceled

The last date for filing an income tax return is about to end in a few days. If you are an honest taxpayer then you have time till 31 July 2023 to file ITR.
If you have not filed your return yet, let us tell you that this year some changes have been made in the ITR form (compared to last year) which you should be aware of.
Information on income from cryptocurrencies, and other virtual digital assets (VDAs)
From 1st April 2022, specific provisions have been introduced in the Income Tax Act to tax the income relating to VDA. TDS under section 194S is also applicable to payments received for crypto transactions.
The ITR form has been amended to include disclosure in respect of income from VDA. The taxpayer also needs to state whether the income from VDA is to be classified as business income or capital gain.
Taxpayers are also advised to check their Form 26AS and AIS to ensure that the income from VDA, in respect of which tax has been deducted under the newly introduced section 194S, has been included in the return of income. Has been done
If you have made any donation during FY 2022-23 which is eligible for a Section 80G deduction then you can claim a deduction for the same. If you only have the receipt of the donation, it is no longer enough.
But you are required to mention the Donation Reference Number (referred to as ARN in the ITR form) for the taxpayer as per the changes in the ITR form for the same, where donations are made to entities where a 50% deduction is allowed subject to the qualifying limit. Is allowed.
Therefore, if your donation is eligible for the above deduction, you must ensure that your Form 10BE/Donation Receipt reflects the ARN accurately.
In certain circumstances, the taxpayer shall be eligible to claim credit of TCS relating to any other person against the tax liability of the taxpayer. The ITR form now provides an option to the taxpayer to claim such credit of TCS belonging to any other person to address these corner cases.
Some other changes in ITR forms for AY 2023-24 include additional disclosure relating to advances in the balance sheet in ITR-3, and the requirement to disclose SEBI registration number where the taxpayer is a Foreign Institutional Investor (FII) or Foreign Portfolio Investor. (FPI) registered with SEBI, includes changes like