Income Tax Return 2024: Documents You Need To Keep Ready For ITR Filing; Check Full List Over Here
If you keep certain documents before filing an ITR, it will help you to streamline the ITR filing process. The ITR filing season will start now and 31st July will be the deadline for ITR filing like all the years. For individual taxpayers, this deadline and filing an ITR is very necessary as tax might have been already deducted by the employer in the previous financial year.
If individuals collect all necessary documents required for ITR filing, they can avoid last-minute rush and potential mistakes.
Check The Full List Of Documents Required For ITR Filing
Permanent Account Number (PAN Card) and Aadhaar Card
As per the Section 139A(5) of the IT Acttaxpayer need to quote his/her PAN in all his/her returns, challans and any other document as may be prescribed by the IT Act. Apart from this PAN card and Aadhar card must be linked to each other to receive refund and interest on income tax.
Form 16/ Form 16A
Form 16 is given by the employer mostly by 15th June every year. It comprises all the details related to the salary and TDS. Apart from this institution like a bank, contractors will also issue form 16 which contains the information of the income other than salaries, like income from recurring deposits, fixed deposits, etc.
Form 26AS/ Annual Information Statement (AIS)/ Tax Information Statement (TIS)
Form 26AS shows details of property purchases, high-value investments, and TDS/TCS transactions for the previous financial year. It also includes savings account interest, dividend, rent received, purchase and sale transactions of securities/immovable properties, foreign remittances etc.
Dividend statement, rental income and details of any other passive income including capital gains (if any)
Taxpayers should also keep ready their demat account summary or dividend statement, rental income details and details of capital gains.
Interest Certificate
Taxpayers who have opted for home loans, etc. should keep ready the interest certificates obtained from the bank or financial institutions.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
