The due date of July 31 for filing Income Tax Returns (ITR) for Assessment Year 2024-25 i.e. Financial Year 2023-24 is fast approaching, before you visit the e-filing portal at www.incometax.gov.in, collect all the required documents to file ITR. The Income Tax Department has said that more than five crore taxpayers have already filed their returns.
What documents are required to file income tax return
- Bank TDS Certificates
- Bank account details
- Aadhaar and PAN linked with 26 AS and Annual Information Statement (AIS).
- Form-16 for salaried person
- Previously filed tax returns
- Salary slip including income earned from abroad, if applicable.
- Rent agreement and rent receipt for claiming HRA.
- If you went on deputation abroad then foreign bank account details.
- Transaction details of foreign investment.
- Form 67 if you are claiming credit of taxes paid in a country with which India has a Double Taxation Avoidance Treaty.
- Details of your assets and liabilities, including AL Schedule, if your income is more than Rs 50 lakh and you are filing return through ITR-1.
Documents required for deduction
- For Section 80C and 80CCD(1B) deductions
- Proof of investment in Equity-Linked Savings Schemes (ELSS).
- National Pension System (NPS) contribution proof.
- Premium receipts of life insurance premium.
For Section 80D deduction: Health insurance receipt
For Section 80E deduction: Interest certificate from the bank which provided the education loan.
For Section 24B deduction: Interest certificate from your bank to claim deduction up to Rs 2 lakh under Section 24(B).
For Section 80G deduction: Receipts of donations to eligible charitable institutions.
Documents for Income from Sources
- Details of capital gains/losses issued by mutual fund houses or intermediaries, stock brokers etc.
- Bank account details and TDS certificate.
- Virtual Digital Assets (VDA) transaction statements, in particular VDA schedules.
