Published on: 31 July 2023
Knowing about the documents required for ITR filing well in advance helps you file your returns hassle-free. The IT Department has already streamlined the process by providing pre-filled ITR forms. You can file your ITR online or download the required form and upload it on the portal after completing it.
Regardless of the fact that you have pre-filled information, you must cross-check all details to avoid making errors when filling out these forms. So, have a look at some of the essential documents required for income tax return filing.
One of the most important documents required for ITR filing is your PAN card. This is your identity proof, and you need to have it on hand when filing your returns.
This is a TDS certificate offered by your employer containing the following details:
This is the main basis for filing your returns. Submitting Form 16 is mandatory if tax has been deducted by your employer on your behalf during a particular assessment year. This form contains two parts, which can be downloaded from the IT portal.
As a salaried taxpayer, your salary slip is one of the important documents required for income tax return filing. You need to submit the latest copies, as they contain the following essential details:
Collect Form 16A from the bank where you have booked your fixed deposit. This form is applicable if you are earning an interest income of above ₹40,000 or ₹50,000 (in the case of senior citizens) from an FD during a financial year.
If your interest income exceeds a certain limit, the bank deducts tax on it. In such cases, the bank needs to submit Form 16A.
This document acts like a passbook detailing the total taxes deposited and deducted against your PAN. You can download the document from the income tax website and verify the information.
Checking the information is crucial as you may not be able to claim a refund if the tax refund or deposit is not reflected in Form 26AS.
Quoting your Aadhaar number is crucial when filing returns u/s 139AA of the IT Act. In case you don’t have a number but have applied for an Aadhaar card, you can quote the enrolment number on your ITR form.
Now that you are familiar with a few crucial documents required for ITR filing, make sure to keep them handy. Other essential income tax documents include:
Being informed about the process and the essential documents required to help you file your returns without delay on or before 31st July.
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Yes, filing an ITR is mandatory for all taxpayers in India per the Income Tax Act of 1961.
Some documents accepted as proof of income include:
Here are a few essential documents required when you file your returns:
Yes. You can file your returns online as a registered user on the e-Filing portal. You can also download the Excel utility and file your returns offline.
Yes. Apart from relevant documents, such as Form 26AS and Form 16, it is mandatory to submit salary slips when filing your returns.
No. There is no need to submit proof for ITR.
Yes. Having a PAN card is mandatory when filing your returns.
Category : Tax
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