Income Tax Return 2024: The time to file income tax return (ITR Filing) has started. If you are also a taxpayer, then you will need many types of documents (documents required for ITR filing) for this. Let us know that when you go to file ITR, you will need these things.
PAN Card
PAN card is one of your most important ID proof and documents. You need it first to file income tax return. PAN is an ID card issued by the government, which has a 10 digit alphanumeric code, which is your permanent account number. It is needed for TDS (tax deducted at source) deduction and if you want tax refund, it is also necessary to link it to your bank account.
Aadhar card
Aadhaar card is also your unique ID proof, which contains your demographic and biometric details. Taxpayers under section 139AA of the Income Tax Act will have to provide Aadhaar details while filing ITR. Your Aadhaar and PAN should be linked to each other.
Form 16
Form 16 is to be submitted while filing tax return, this is also a very important document. In a way, it is your salary certificate, which contains information about your salary, tax deduction, etc. This form is issued by your company. It has two parts – A and B. Form-16A is a TDS certificate. It is needed when TDS is deducted on your income from fixed deposit, recurring deposit, etc. Part-B contains information about salary, deduction, etc.
Investment proof
You have the facility to save tax on investments. In such a situation, you have to provide investment proof that where and how much you invest, so that it can be verified when you claim tax exemption. You can get exemption on many other investments and expenses including insurance premium, PPF, FD, home loan repayment, donation receipt, tuition fees, mutual funds, education loan. However, these exemptions are available only in the old tax regime.
Form 26AS
This form is your annual tax statement, which contains complete information about the tax paid on your PAN and the tax deducted. This is like your tax passbook. It records all your financial transactions.
Home Loan Statement
If you have taken a home loan and are repaying the loan, then you can claim tax exemption on the interest rate. For this, you also have to submit your loan statement.
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