Documents Required for ITR Filing
Are you searching for Documents required for ITR Filing? Get Complete Checklist of ITR Documents requirement. Our Checklist will help to all taxpayer whether new or regular tax filer. Further, Our Document List is for all types of income like salary, business, capital gain, other source or company etc. Get complete list for Income Tax Return Filing in India.
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Essential Documents For Income Tax Return
Documents are the most essential thing for the preparation of Income Tax Returns. With proper documentation, Income Tax Returns can be generated smoothly and effectively. Sometimes, due to unawareness regarding documents and without proper guidance, taxpayers make mistakes in the declaration of income, deductions, and taxes, which result in errors and misrepresentations in tax returns. Here, we provide a comprehensive list for Income Tax Return Filing, which will help you understand the documents required and applicable to your particular type of ITR.
Mainly, documents are bifurcated into two segments:
1. Documents related to Income and Expenses
2. Investments and Deductions related documents.
Documents of Person
- Aadhar Card
- PAN Card
- Bank Account Details (for Refund of Tax)
Documents Required List for Salaried Person (ITR-1)
(This list is applicable for Salaried Person, salary income, other source income, Home loan and rent income. Not applicable for business income)
Documents required for Salary Return Filing are as
- Salary Income Details – Form 16 or Salary Details or Salary Bank Account Statement.
- Home Loan Statement or Home Loan Interest Certificate
- Deductions Details: Investment in Tax Saving Funds, Tax Saving FD, or Children Education Fees, Insurance Premium, Political Donation, NPS, Rent Paid Details, etc. (Check Complete Deductions List – Click Here)
- PAN, Aadhar and Bank Account Details
Small Business Tax Payer (ITR-4) - Doc's Checklist
Small Business Income Tax Return Can be filled on lumpsum basis without maintaining books of account. Documents checklist for small business are as
- Bank Statement
- Sales and Purchase Estimate (or GST Turnover Details – if any)
- Investment and Deduction Details
- Loan Details
- PAN, Aadhar Card and Bank Account Details
Share Market - F&O and Capital Gain - Document List
Required document list for Person who have share market, Intraday Trading, Investment activities in stock market, Future and Options Trading or Capital Gain on Mutual Fund etc.
- Capital Gain Statement from Stock Broker
- Profit and Loss Account from Stock Broker
- F&O Statement
- Holding and Ledger Statement
- Mutual Fund Statement
Rent Income - Document List
- Property Address
- Tenant PAN
- Amount of Rent
- Home Loan Interest Certificate
Income from Other Source - Document
Generally all the income from other sources will be automatically fetch from AIS and TIS. However Document checklist are as
- Bank Statement for Interest Calculation
- FD Interest
- Other Interest Details
- Dividend Details
- Agriculture income details
- other source details
Large Business, Firm/LLP/Company ITR - Document List
Business Profit and Loss Account and Balance Sheet required. If audit is applicable then audit report required.
- Balance Sheet
- Profit and Loss Account
- Audit Report
- Digital Signature
Comprehensive List for ITR Filing
Here’s a comprehensive list of documents required for filing Income Tax Returns (ITR) in India:
Personal Information:
- PAN (Permanent Account Number) Card
- Aadhaar Card
- Bank account details (account number, IFSC code)
Income Documents:
- Form 16 (TDS certificate) from employers for salary income
- Salary slips detailing monthly earnings and deductions
- Rent Income Details if any
- Rent receipts, if HRA (House Rent Allowance) is claimed
- Statement of income from other sources (like Agriculture income, interest on savings, fixed deposits, etc.)
- Profit and loss statement for business or profession income
- Capital gains statement of Shares, Property Sale (if any)
- Future and Options Profit or Loss
- Any other sources of income documentation (consultancy fees, freelance income, etc.)
Investment Proofs and Deductions:
- Investment proofs under Section 80C (e.g., LIC premiums, PPF contributions, ELSS investments, NSC, etc.)
- Medical insurance premium receipts (under Section 80D)
- Home loan interest certificate (for deduction under Section 24)
- Education loan interest certificate (if applicable)
- Receipts for donations made (under Section 80G)
- NPS
- Political Donations
- Education Loan Interest
- Receipts for other eligible deductions under Section 80
Bank Statements:
- Savings account statements
- Current account statements
- Statements of any other bank accounts held during the financial year
Loan Statements:
- Home loan statements showing principal and interest components
- Education loan statements (if applicable)
Foreign Income and Assets (if applicable):
- Details of foreign income earned (including tax paid in foreign jurisdiction, if any)
- Details of foreign assets held (bank accounts, properties, etc.)
Other Relevant Documents:
- Any other documents related to exemptions, deductions, or income sources
