New Delhi: The last date for filing Income Tax Return (ITR) for individual taxpayers for the financial year 2022-23 is 31 July 2023. Till July 18, more than 3 crore taxpayers have filed ITR. In this way, if you are going to file ITR, then you will have to keep some documents with you to make this process easier.
If you are a salaried taxpayer, Form 16 is the most important document for filing your ITR. This is a TDS deduction certificate issued by your company or employer, which contains the details of salary and tax deducted and deposited on it. If your employer has deducted TDS from your salary during any financial year, it is mandatory for him to issue Form-16.
Form 16A and other TDS certificates
Apart from Form 16, the taxpayer will also have to collect other applicable TDS certificates. One such certificate is Form 16A. If the interest earned on FD in FY2022-23 exceeds Rs 40,000, the bank will deduct tax on it. You need to issue Form 16A for tax deducted on dividends paid during the financial year to mutual fund companies, provided it exceeds Rs.5,000.
Interest income and other interest certificates
While filing ITR, taxpayers have to give details of interest income received from various sources like savings account, FD etc. That’s why it is necessary to take interest certificate from banks, post offices and other financial institutions. Enter correct income details in ITR and also claim tax deductions and exemptions for your investments.
This document is also necessary to file ITR
- Annual Information Statements (AIAs)
- Tax Saving Investment and Expenditure Certificate
- Capital gain from sale of property, shares, mutual funds
- bitcoin sale documents
- aadhaar number
- Details of investment in unlisted shares
- bank account details