The Income Tax Department requires taxpayers to provide a detailed breakdown of their salary and other earnings while filing their ITR.
PRATEEK MAURYA | May 10, 2024 |
Documents Required for ITR Filing in India
The Income Tax Department requires taxpayers to provide a detailed breakdown of their salary and other earnings while filing their Income Tax Return (ITR)
Here is the List of Documents Required For ITR filing in India
PAN Card: This is the first and most important unique identification number given by the Income Tax Department and is mandatory for filing ITR.
Aadhaar Card: Aadhaar linking with PAN is mandatory for filing ITR
Form 16: If you are a Salary Person in that case you need Form 16 to put your exemption like HRA or LTA etc.
Form-16A/ Form-16B/ Form-16C: These forms reflect TDS deducted from other sources of income such as interest income, freelance income etc.
Form 26AS and AIS/TIS: it is an annual tax statement like a tax passbook that has details of all taxes you have deposited against your PAN
Home Loan: If you have home loan then you need interest certificates from the bank for 2 lakh interest deductions and 1.5 lakh principal deductions.
Tax Saving Instruments: If you have invested in any tax saving schemes like FDs, ELSS, mutual funds, etc You need to have relevant documents when you file your ITR.
Capital Gains Details: If you sold shares, securities, or property. It will result in capital gain or loss. In this case, you need documents like P&L statements, and property receipts for filing their ITR.
Rental Income: If your earning income comes from your rented house or property. It was reported while filing ITR.
Bank Account details: All active bank accounts are mandatory in the ITR.
Bank Statement/ Passbook: Bank statements for your entire bank accounts showing income and expenditure data while filing ITR.
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