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Documents needed for filing Income Tax Returns in India

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Typically you'll need to have the following items at hand for filing your Income Tax Return. This might vary on a case by case basis.

·         PAN number

·         Form-16 issued by your employer

·         Bank statements / passbook for Interest Income on bank deposits.

·         Statements of Interest Income besides Bank deposits

·         TDS certificates issued to you by your bank and others

·         Form 26AS - The Income Tax department of the Indian government shows you the tax credit you have received for Tax deducted at source. This typically should match all your TDS certificates. Link to Indian Government site to view Form 26AS

·         Section 80C investment statements. Investments done under LIC, NSC, PPF qualify for Section 80C deductions.

·         Charitable donation statements. Donations that can be claimed for tax deductions under Section 80G. Typically the receipt issued by the institute you donate to mentions the eligibility under Section 80G.

·         Interest paid on housing loan. Interest on housing loan is eligible for tax saving upto Rs 1,50,000. This is for a self-occupied house.

·         The following documents may also be needed for income tax return filing

·         Stock trading statement. The stock trades that were made during the year may be taxed under Capital Gain.

·         Section80CCF investments. Upto Rs. 20,000 can be claimed as tax deduction under this section

·         Education loan interest payments.

Happy Investing!!

 

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You can write back to us at prajnacapital [at] gmail [dot] com

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