List of Documents Required to File an Income Tax Return

List of Documents Required to File an Income Tax Return

The procedure of filing an Income Tax Return shifts according to the pay earned every year and income source like salary, business profit, investment profit, and so on. Examining every one of your documents prepared is only one part of it. There are certain documents needed to be submitted and held as proof under the Income Tax Act, 1961 and Income Tax Rules, 1962.

Documents Required to File an Income Tax Return

For the most part, the required document is a duplicate of the PAN card, a Copy of the AADHAR card, a Bank Statement/Bank passbook, Income Tax Login id, and password. Other than that it relies upon which tax you leviable to pay. Check here the detail about the documents needed for filing Income Tax Return in India.

Types of Income on Which Tax is Leviable:

  • Income from Salary
  • Income from House Property
  • Income from Business & Profession
  • Income from Capital Gain
  • Income from Other Sources

List of Documents required to File an Income Tax Return

Form 16

Form 16 is otherwise called the TDS (Tax Deducted at Source) Certificate. Form 16 is the reason for filing the income tax returns. In this manner, It is the primary form that should be collected while filing ITR. The form is provided by your employer after furnishing the information related to the taxes paid on behalf of you. This is done subsequent to taking your salary, allowances, and deductions into consideration.

Salary Slips

For salaried taxpayers, it is critical to keep the salary slip prepared. The salary slip comprises all the basic details related to the salary of an individual including basic salary, Dearness Allowance (DA), TDS amount, House Rent Allowances (HRA), Travelling Allowances (TA), standard deductions, etc. These subtleties are important to file Income Tax Returns.

Form 16A

Form 16A mentions TDS on interest pay on fixed deposits. For example, you will get a Form 16A when your bank will deduct TDS on your interest income earned from Fixed Deposits, TDS on rent receipts, TDS on insurance commission, or whatever other pay which is liable for such deduction. Form 16A gives subtleties of the income earned and TDS deducted and deposited on such income. It likewise contains the name and address of the deductor/deductor, PAN subtleties, TAN subtleties of the deductor, and challan subtleties of TDS deposited.

PAN Card

PAN card is one of the main document that should be with you. Your Permanent Account Number (PAN) goes about as your identity proof and must be referenced in your Income Tax Returns.

Aadhaar Card

Providing Aadhaar subtleties is obligatory to effectively file your ITR. As indicated by section 139AA of the Income-tax Act, an individual is needed to give his/her Aadhaar subtleties while filing the return of your income.

Deductions under Section 80D to 80U

Apart from the standard deductions under Section 80C, an individual can also claim exemptions under Section 80D to 80U of the Income Tax Act.

Capital Gain Statement

In the event that you have invested in shares, mutual funds, and so on, you are needed to gather a capital gain statement. This assertion will be given by your broking house. It contains the subtleties of the short-term capital gains that are needed to be paid on the off chance that you have left certain offers before the tenure of 1 year. Despite the fact that you might not need to pay taxes on long term capital gains, you are required to mention them as well in your statement.

For more information, visit the website of All India ITR


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