Documents for filing Income Tax Returns in India

Documents

Assemble these documents for income tax return filing in India. Go through this list to know the documents you’ll require to do your taxes. You won’t require all the documents listed here as they differ on a case-to-case basis.

PAN number

For Salaried Employees

Form-16 issued by your employer

Do you know that Form-16 is all you require to file ITR online at LegalRaasta? It’s that straightforward really!

Documents regarding interest income

Bank statement/passbook for interest on savings account.

Statement of Interest income for fixed deposits.

TDS certificate issued by banks and others.

LegalRaasta automatically renders you tax advantage as per Section 80TTA when you enter your income from savings account interest.

Form 26AS

It is an outline of taxes deducted on your behalf and taxes paid by you. This is given by the Income Tax Department.

It depicts particulars of tax deducted on your behalf by deductors, details on tax payment by taxpayers and tax refund received in the financial year. This form can be made available from the website of I-T Department.

Section 80 Investments

Section 80C investment documents. Investments that are made under PPF, NSC, ULIPS, ELSS and RGESS qualify for deduction under Section 80C.

Deductions:

Gather these documents at hand to allege the following expenses as deductions -

Contribution to Provident Fund

School fees of your children

Payment of premium of LIC

Registration charges and Stamp-duty and

Principal reimbursement on your home loan

The highest amount that can be claimed under Section 80C has been changed to Rs.1, 50,000 in FY 2014-15 from Rs.1, 00,000 in FY 2013-14.

Additional Investment Documents

Interest paid on housing loan. Interest on housing loan is entitled to tax saving up to Rs 2, 00,000. This is a self-occupied home.

Interest payment on Education.

Stock trading statement. The stocks that were traded made during the year may be taxed under Capital Gain.

So, these are the documents which are required to file ITR in India.

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