In our journey of associating with people to help them out with a myriad of money management queries, the frequent ones have been related to maintenance of documents and submission of same while dealing with regulatory requirements.
So, as a starter from our side we thought of compiling a quick list of documents that are required while filing your tax return. Take a stab at it:
|1.||PAN Number||Verify it online with I.T department by going through this link : https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourPanLink.html|
|2.||Form 16 – for Salaried||A statement issued by your employer which has details of your Salary, the taxable salary amount after various perks and allowances, the TDS deducted by your employer, the deductions you have claimed and the overall tax due.|
|3.||Documents rcomeelated to Interest Income||
|4.||Form 26AS||It reflects all the Income Tax received by the I.T. Department with respect to you. This is a tax credit statement which shows TDS payments, voluntary tax payments made by you. Form 26AS should match all tour TDS certificates. Link to view Form 26AS : https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html?nextPage=taxCred|
|5.||Sec 80C investment documents||
Maximum deduction can be claimed up to Rs. 1.5 lakh
|6.||Sec 80D Medical Documents||· Premium receipt for medical insurance premium paid for self, family and dependent parents.|
|7.||Sec 80G – Charitable donation statements||· Receipt issue by the charitable organisation
· Pan number of the charitable organisation
|8.||Interest paid on a housing loan||Interest on housing loan is eligible for tax saving up to Rs 2.5 lakh. This is for a self-occupied house.|
|9.||Stock Trading Statement||The stock trades that were made during the year may attract Capital Gain tax.|
|10.||If there is income residential property||· Housing Loan repayment certificate
· Municipal Corporation Tax Receipt
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Thank you Yuva members for organising such a fun and informative lecture. We enjoyed it a lot. Meeting and learning from Mihir Sir was really an amazing experience. And this is not only our feeling but all the students enjoyed his lecture very much and look forward to many such events.
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