What documents are required to file income tax return in India?
Following are the Basic documents required to file return:
- PAN (Permanent Account Number)
- Bank account details
- TDS certificates (If Taxes are deducted from any of your incomes)
- Self assessment tax & advance tax payment challans (If paid)
- If filing a revised return or a return in response to a department notice — details of original return and notice
If you are having a Salary Income/ Pension Income than following are the additional documents you need to have to file your return.
- Form 16/ Salary slips received from your employer
- Pension statement/passbook
If you are having a House Property Income such as rent received from let out house or even if you have take a home loan on any of your house properties then you need to have following documents/details to file a return.
- Address of the property
- Co-owner details in case the property is co-owned
- In case of house/property loan — Interest certificates/repayment certificate from bank
- In case of let out property — Rent agreement
In case of Capital Gains Income, following are the documents required.
- For land/building — Sales & Purchase deeds, stamp duty valuation
- Details of improvement costs
- For securities — Contract notes/stock ledgers/trading statement
- For other capital assets — Cost of purchase, cost of improvement & sales receipts
- Details of expenses incurred on transfer of capital assets
- Details of investments in order to claim exemptions
- Capital gains deposit account details if any
If you are earning any income from Business and Profession during the year, than following are the documents required to file return.
- Profit & Loss statement
- Balance Sheet
- Supporting documents for expenses incurred
- Bank account statement/passbook
- Cash register
- Any other documents required to maintain the books of accounts of business & profession
- Audit Report in case the profit from business is less than 8% of the Total Turnover.
If you are earning Any Income from other sources such as interest on FD, dividend from company etc. than following are the documents required.
- Savings/current account statements/passbook
- Interest certificates for deposits/bonds/NSC
- PPF account statement/passbook
- Dividend warrants/counterfoils
- Rent agreement in case of let out machinery
- Details about receipts of any other incomes
If during the year, you have incurred expenditure or made investment on which deductions are allowed under the income tax act, than following are the documents required for filing return.
- PPF account statement/passbook
- Fixed deposit certificates/statements
- Mutual fund NAV statements
- ELSS/ULIP/NSC investment details
- Life insurance premium receipts
- Medical insurance premium receipts
- Preventive health checkup details
- Pension fund/ National pension scheme statement
- House/property loan interest certificate/repayment statement
- Education loan interest certificate/repayment statement
- Tuition fees receipts
- Donation receipts
- Certificate from specified medical authorities in case of disability
- Receipts/proof of any other tax saving investment/contributions
In case of Foreign Income and Foreign Assets
- Details of foreign income and taxes deducted on the same
- Details of Assets held outside India including the foreign bank accounts.
