Please note: Documents required at the time of preparing IT returnThis post is mainly for those who are preparing the IT return for the first/second time. Now, almost all of us are busy preparing the Income Tax return (although I have submitted my own yesterday). Please keep the following documents handy at the time of preparing and uploading the return:-
(a) PAN Card: Do you remember your PAN number by heart? If not, keep it handy. You have to indicate PAN number in your return. There is no excuse of mentioning wrong PAN number.
(b) AADHAR Card: Same as above. You must mention the AADHAR number correctly.
(c) Bank Account details: You have to indicate all of your bank account numbers and IFSC codes correctly.
(d) Form No. 16: This is the most important document for filing returns. Please keep Form 16 with you. If you have received more than one Form 16 from more than one organizations, you require all of them.
(e) Form 26AS: This indicates the total tax paid by you during the last financial year. This is a necessary document for preparation of the return.
(f) Documents related to investment proof: You are required to keep all proofs handy relating to Section 80C and other investments/insurances for tax saving.
(g) Rent Receipt: If you are living on rent, you must have the rent receipt. If you are getting rent, then the copy of the rent receipt or bank statement reflecting receipt of rent is necessary.
(h) TDS certificates: In case of Fixed Deposits, the TDS certificates are required for preparing the return.
Collect this certificates beforehand and prepare the return correctly. Upload it as early as possible and enjoy a stress-free life during the last two-three weeks of July!