Documents Required for ITR Filing

Documents Required

The government of India has notified the Income Tax Return Forms for the year 2018-19. So, if have to file for your Income Tax Return, then you have to start collecting the documents required for Income Tax Return filings.

Although the deadline for the Income Tax Return filing is 31st July 2019, but it is always better to gather all the required documents in time to make this process easier.

Here are all the documents that are required for the Income Tax Return Filing. You must collect these documents before you can file for your ITR for the year 2018-19.

Choosing the appropriate ITR Form

The first thing that you need is to choose the appropriate ITR Form. Depending on your annual income, you may have to select from different types of ITR forms.

Aadhaar Card

It is mandatory to provide the details of your Aadhaar Card for filing your ITR. According to section 139AA of the Income-tax, any individual who files for the return of his/her income is required to provide his/her Aadhaar details.

If you haven’t received your Aadhaar Card yet, but you have applied for it then you will have to provide the enrolment ID in the ITR form.

Form 26AS

The Form 26AS or the Tax Credit Statement is provided by the Income Tax Department and contains the details about the tax deducted on your behalf by the deductors. It also contains the details about the tax collected by the collectors on your behalf by the collectors as well as tax refunds.

Section 80 Investment Documents

All the Investment made under PPF, NSC, ULIPS, ELSS, LIC qualify for deductions under Section 80C.

Bank Account Details

You are also required to submit all the details of the bank accounts held under your name. You have to provide the following details in the ITR form;

  • Bank name
  • Account number
  • Account type
  • IFSC code.

Make sure that you mention the correct IFSC code to ensure the smooth receiving of funds.

Salary Slips

ITR 2 which is recently released by the Income Tax Departments requires individuals to specify the nature of salary income such as basic, dearness allowance, house rent allowance and so on. So, you are required to collect your Salary Slips for ITR filings too.

Form-16

If you are a salaried worker then Form-16 is a prime document that you need to file your ITR. It is a certificate that is issued to the employers that provide that details about the salary paid and TDS deducted on the salary.

Tax Saving Investment Proof

If you have made any investment that is tax-saving and all the expenditures bear by you are eligible for deduction under section 80C, 80CCC, and 80CCD(1) then it can help you lower your tax liability.

Examples of these expenditures include tuition fees paid for your children, home loan principal repayment, etc.

Capital Gains

If you have made any capital gains from the sale of any property or from any mutual funds/equity share then you are obliged to report about these capitals in your ITR.