Documents required for Income Tax Return filing

Following Documents are required for income tax return filing:

1. GENERAL DOCUMENTS OF INDIVIDUAL
2. PAN CARD
3. AADHAAR CARD
4. BANK ACCOUNT STATEMENTS
5. TDS CERTIFICATES
6. 26AS
7. TAX PAYMENT CHALLAN (ADVANCE TAX OR SELF ASSESSMENT TAX)
8. INCOME FROM OTHER SOURCES PROOF
9. SAVINGS/INVESTMENTS PROOFS

• DOCUMENTS IN CASE OF INCOME FROM SALARY:

• FORM 16/SALARY CERTIFICATES
• PENSION CERTIFICATES
• FULL AND FINAL SETTLEMENT
• RENT AGREEMENT/RENT RECEIPTS (IF HRA IS NOT CONSIDERED BY YOUR EMPLOYER)
• TRAVEL BILL (IF LTA/LTC NOT CONSIDERED BY EMPLOYER)
• WITHDRAWN PF
• GRATUITY/LEAVE ENCASHMENT
• JOINING BONUS/NOTICE PAY

• DOCUMENTS IN CASE OF INCOME FROM OTHER SOURCES:
• BANK PASSBOOK/STATEMENT – Bank details also required to check your Savings account interest as well as your FD interest
• FORM 26AS
• DIVIDEND/WARRENTS – Though income from dividends is tax-free in the hands of the investor it is recommended that you keep the dividend warrants with you. If your dividend from Indian company exceeds Rs.10 lakh for the year then you need to pay the tax @ 10% on such dividend more than Rs.10 lakh.
• TDS CERTIFICATES OF YOUR FD
• RENT AGREEMENT – For Plant/Machinery if applicable
• LOTTERY/PRIZE WINNINGS – These incomes are taxable at flat rate of 30%, and their receipts should be kept handy.
• AGRICULTURE INCOME – Bank statement/ receipt and payment statement showing proof of earned income from agricultural activities
• CLUBBED INCOME – Income of dependents which you will be declaring as your own.

DOCUMENTS IN CASE OF INCOME FROM CAPITAL GAIN:

• SALE AND PURCHASE DEED – Property including stamp valuation of the property (for land/building)
• COST OF IMPROVEMENT – If any improvements made (receipts)
• OTHER CAPITAL ASSETS – The cost of purchase, sale value and cost of improvement if any – Retain documents of these instruments to claim deductions or calculating the right amount of tax.
• EXPENSES INCURRED ON TRANSFER – The expenses incurred on the transfer of any capital asset are tax deductible, and hence the records should be maintained as proof of expenses (ex. brokerage, commission, transfer fees, etc.).
• RE-INVESTMENT PURCHASE DEED – You can claim exemptions on capital gains on re-investing the amount in certain specified assets like house, bonds, etc. You need to maintain the record to claim exemptions in this case.
• CAPITAL GAIN ACCOUNTS SCHEME – If applicable – The capital gains earned should either be invested in the specified asset within the time allowed or deposited in the capital gain account scheme by due date of filing the return (31^st July) if you are going to claim them as exemptions.

DOCUMENTS IN CASE OF INCOME FROM HOUSE PROPERTY:

• PROPERTY ADDRESS
• CO-OWNER DETAILS
• RENT AGREEMENT
• INTEREST CERTIFICATE ON HOUSING LOAN

DOCUMENTS FOR SAVINGS/INVESTMENT:

• ELSS/MUTUALFUND RECEIPTS
• SUKANAYA SAMRIDHI YOUJNA
• LIC PREMIUM
• PPF PASSBOOK
• TAX SAVING FD
• REPAYMENT OF HOUSING LOAN
• SENIOR CITIZEN SAVING SCHEME
• TUITION FEE RECEIPTS
• EDUCATION LOAN CERTIFICATE
• DONATION RECEIPTS
• HANDICAP CERTIFICATES/DISABILITY CERTIFICATES
• NPS
• MEDICLAIM RECIPTS
• ANY OTHER INVESTMENT PROOF WHICH YOU ARE SHOWING IN ITR

Note: This is not an exhaustive list of documents and the actual number of documents required for filing return varies from case to case depending upon the tax situation of the individual. Also, many of the documents in this list are submitted to the employer by the employee and such information is reflected in his Form 16. Therefore, at the time of filing return, some basic documents and Form 16 are only required for most of the salaried individuals.