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.jpeg "Documents Required for IT Filing") |
The list of documents required for filing income tax returns in India may vary based on the source of your income, your residential status, and other factors. However, here are some commonly required documents:
1) PAN Card: Permanent
Account Number is a mandatory document required to file your tax returns in
India.
2) Form 16: Form 16 is a
certificate issued by an employer that provides details of the employee's
salary, TDS deducted, and other deductions.
3) Form 26AS: Form 26AS is a
statement that shows the details of tax credit available to the taxpayer based
on TDS deducted by employers, banks, and other sources.
4) Bank Statements: It is
always advisable to keep your bank statements handy while filing your ITR, as
it helps to calculate interest income, and any other income from deposits.
5) Investment proofs:
Documents related to investments made during the year, such as mutual fund
statements, life insurance premium receipts, PPF account statement, etc.
6) Property documents:
Documents related to the ownership of the property, such as sale deed, purchase
deed, and loan certificate, are required to be submitted for claiming tax
deductions related to home loans.
7) Capital Gains statement:
If you have sold any property or equity shares, you need to provide the capital
gains statement to calculate capital gains tax.
8) Business and profession
documents: Documents related to your business or profession, such as balance
sheet, profit and loss account, and audit report (if applicable).
9) Rent agreement: A rent
agreement is required if you are claiming House Rent Allowance (HRA) exemption.
10)
Medical bills: If you are claiming deductions for medical expenses
under Section 80D or 80DD, you need to provide medical bills as proof.
11) Donation receipts: If you have made donations to charity, you need
to provide donation receipts to claim tax deductions under Section 80G.
12)
Educational loan certificate: If you have taken an educational
loan, you need to provide a certificate of interest paid on the loan for
claiming deductions under Section 80E.
13) Disability certificate: If you or any of your dependents have a
disability, you need to provide a disability certificate to claim deductions
under Section 80U or 80DD.
14)
Foreign income documents: If you have earned income from a foreign
country, you need to provide documents such as Form 16A or Form 16B, bank
statements, and tax paid certificates.
15)
Form 15G/15H: If your income is below the taxable limit, you can
submit Form 15G/15H to the bank to avoid TDS deductions on your interest
income.
16)
Proof of travel expenses: If you have claimed LTA (Leave Travel
Allowance) from your employer, you need to provide proof of travel expenses.
17)
Share transaction details: If you have bought or sold shares, you
need to provide details of the transactions, such as purchase and sale
invoices, demat account statement, and brokerage charges.
18)
Details of foreign assets: If you have any foreign assets, such as
foreign bank accounts, property, or investments, you need to provide details of
the assets, including their value and income earned.
19)
Proof of house rent paid: If you are paying rent, you need to
provide rent receipts or a rent agreement to claim HRA (House Rent Allowance)
exemption.
20)
Details of other sources of income: If you have income from
sources other than salary, such as rental income, interest income, or capital
gains, you need to provide details of the income earned and tax paid.
21)
Form 10E: If you are claiming relief under Section 89, you need to
file Form 10E to provide details of arrears or advance salary received during
the financial year.
22)
Form 15CB: If you have made payments to non-residents and are
required to deduct TDS, you need to file Form 15CB and obtain a certificate
from a chartered accountant.
23)
Proof of education expenses: If you have paid tuition fees for
yourself, your spouse, or your children, you can claim deductions under Section
80C. You need to provide proof of the fees paid, such as fee receipts.
24)
Aadhaar card: It is mandatory to link your Aadhaar card with your
PAN card for filing income tax returns in India. You need to provide your
Aadhaar card details while filing your returns.
25)
Form 16C: If you have rented a property and the rent is more than
Rs 50,000 per month, your tenant is required to deduct TDS under Section
194-IB. You need to obtain Form 16C from your tenant and provide it while filing
your returns.
26)
Form 26QB: If you have sold a property, your buyer is required to
deduct TDS under Section 194-IA. You need to obtain Form 26QB from the buyer
and provide it while filing your returns.
27)
Partnership deed: If you have income from a partnership firm, you
need to provide a partnership deed to show your share of profits and losses.
28)
Proof of professional tax paid: If you are required to pay
professional tax, you need to provide proof of the tax paid.
29)
Proof of rent-free accommodation: If you are in receipt of
rent-free accommodation from your employer, you need to provide details of the
accommodation, including its value and the rent that would have been paid if
you had rented a similar property.
30)
Form 10BA: If you are claiming deductions for rent paid under
Section 80GG, you need to file Form 10BA and provide details of the rent paid.
31)
Form 10F: If you are a non-resident Indian (NRI) and have income
in India, you need to file Form 10F to claim tax benefits under the Double
Taxation Avoidance Agreement (DTAA).
Note: It is important to note that the above list is not exhaustive and the documents required may vary depending on your individual case. It is always recommended to consult a tax expert for a comprehensive list of documents required for filing your income tax returns.
Thanks,
and regards
U. RAMESH
(TAX Consultant)
Cell- 9600423331
Email:
abiaccworld@gmail.com
Website: www.abiaccounts.com
Digital Visiting card:
https://www.mycrd.in/abi-accounts-world
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