Important Changes in ITR for AY 2014-2015



In this post, we are listing some important changes made in Income Tax Return ITR Forms for AY 2014-2015. last date for filing returns is 31-Jul.


  • Income from Salary – Allowances –  Details of Allowances or Exempt Income under section 10 under the head
  • Short Term and Long Term Capital Gains details to be now bifurcated between Immovable Property – Equity Shares or Mutual Funds – Bonds Debentures. 
  • Detailed information about capital gains exemption claimed – providing details of cost of new house purchased, date of purchase or amount deposited in capital gains savings account scheme


  • Details of unclaimed TDS/TCS of past years and amount carried forward to future years
  • Intra Head Adjustments: A taxpayer is entitled to set off loss from one source with the income from another source falling within the same head. In the newly prescribed forms, information in respect of intra head loss adjustment is required to be furnished.

3 Replies to “Important Changes in ITR for AY 2014-2015”

  1. Dear Mr. Vivek Jain,

    You mentioned that from AY 2014-2015, the refund thru ECS is mandatory (no cheques). However, I understand there is an upper limit for ECS amount for refund. Earlier it used to be Rs 25,000, beyond which the refund was sent through cheque. Is there any such limit now?

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