VIJAY ETAX SOLUTIONS

Filing your Income Tax Return (ITR) demands meticulous documentation to ensure accuracy and compliance. Whether you’re a salaried individual or have diverse income sources, certain key documents are universally essential. Here’s a comprehensive list of imperative documents for a seamless ITR filing process:

1. PAN Card:

• Essential for ITR filing.
• Also crucial for TDS deduction and linking with your bank account for direct income tax refund.

2. Aadhaar Card:

• Mandatory under Section 139AA of the Income Tax Act.
• Helps in online verification of your ITR through OTP.

3. Form 16:

• A vital document issued by employers.
• Comprises Part A detailing tax deducted by the employer and Part B providing TDS calculations, including salary breakup.

4. Form-16A/ Form-16B/ Form-16C:

• Form-16A for TDS on non-salary payments.
• Form-16B for property sale details.
• Form-16C for TDS on rent under section 194IB.
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5. Bank Account Details:

• Disclose all active bank accounts.
• Specify one account as primary for electronic tax refund transfer.

6. Bank Statement/Passbook:

• Provides details of interest earned on savings and fixed deposits during the financial year.
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7. Form 26AS and AIS/TIS:

• Annual tax statement detailing taxes deposited against your PAN.
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8. Salary Slips:

• Offers a breakdown of income, allowances, and deductions, aiding accurate taxable income computation.
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9. Investment Documents:

• Include proofs and details of investments in PF, PPF, NSC, ELSS, home loan interest (Form 16B), life insurance premiums, health insurance premiums, donations, fixed deposits, etc.
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10. Rent Agreement (if applicable): – Include if receiving HRA, along with rent agreement and receipts.

11. Capital Gains Documents: – For those earning from property or investments, include sale deeds, purchase deeds, and transaction details.

12. Business/Profession Income Documents (if applicable): – Include Profit and Loss Statement, Balance Sheet, and relevant business documents.

13. Form 15G/15H (if applicable): – If eligible to submit to avoid TDS on interest income.

14. Any Other Relevant Documents: – Certificates for claiming deductions, disability certificates, or any other pertinent documents.

Ensure the accuracy and completeness of these documents, keeping both physical and digital copies. For any uncertainties, consult with a tax professional to navigate the intricacies of ITR filing successfully.