E-filing IT returns is quick and hassle-free, provided you have the right documents in hand.
Documents required while filing your IT Returns
- PAN Card – It’s the most important documents while filing IT returns as it serves as your ID proof. You must mention your PAN number while e-filing the returns.
- Aadhaar Number – You are required to provide your Aadhaar number while filing your ITR.
- Login Credentials – Finally, make sure to have your Income Tax login credentials in hand, so that you can log into the official portal and commence the e-filing process. Note that income tax returns are annexure-less returns. It means you don’t have to submit any document or proof while filing your returns. However, you require the following list of documents to prepare your IT returns and to submit as proof if required.
Documents required for Preparing IT Returns
- Form 16 – It's the TDS certificate. Salaried individuals can collect this form from their employer. It indicates that the employer has paid taxes on your behalf, after considering your salary, deductions, and other allowances into consideration. Salaried employees should also keep the salary slip handy.
- Form 16 A – It lists out TDS deductions done by others than your employer. Generally, banks and other financial institutions deduct TDS for the interest earned by your account.
- Form 26AS – You can download this form from the website of the Income Tax Department, www.indiafilings.gov.in. It shows the total amount of tax paid against a PAN for a financial year.
- Capital Gains Tax – If you have invested in mutual funds or shares, you need a capital gains statement. You can collect this statement from your broking house.
- Advance tax challan – If you have paid advance tax.
- Bank statement details – The interest earned on your bank account and your fixed deposits should be mentioned under Section 80TTA, under the head, “Income from Other Sources.”
- Home loan details – If you have taken a home loan, you are eligible for deductions on the principal under Section 80C and deductions on the interest under Section 24.
- Property Details – If you have purchased/sold any property or earned rental income during the fiscal year, you have to furnish details for it.
- Tax-Saving Proofs – If you’re eligible for deductions under Section 80C, 80CCC, 80CCD (1), 80D to 80U, then you have to provide proof for these investments.
- Other investment documents – Like education loan, life insurance premium payment, your children’s school tuition fees, and more.
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The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.
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