The tax season is around the corner and it is better to file your tax returns before hand to avoid rush at the last minute. There are taxpayers who procrastinate till the last moment to repent later. Before filing returns tax payer has to keep ready and check few documents to avoid any mistakes and discrepancy.
You need to keep documents ready. However, documents vary depending on the type of income and nature of investments.
Here are some basic documents which you should keep ready other than PAN card.
1) Form 26AS
The Income Tax department of the Indian government shows you the tax credit you have received for Tax deducted at source. This form will includes details such as TDS deducted on your salary, interest income, pension income and prize winnings etc. Click to know how to view 26AS.
2) Form 16
Form 16 is very necessary as it acts as salary proof and tax paid to the government. At the end of the every financial year, the employer provides you form 16.
Form 16 is needed for the purpose of filing returns, as it will help you file your salary income.
3) Form 16A
This form is for non-salaried employee who works as a professional for an organization. This is used in various cases where tax is deducted.
Form 16A is issued in cases like interest on securities, winning lottery or horse race, fees earned from professional or technical services etc.
4) Housing Loan repayment certificate
Home loan repayment certificate is required to avail tax deduction. The interest of home loan is entered in the column of income from the property.
5) Bank Statements
Collect the statements from all the accounts including demat account to crosscheck the investment made, expenses occurred, interest earned etc.
The stock investment that was made during the year may be taxed under capital gains.
6) Investments proofs
There are chances that you must have made tax saving investment after the deadline to submit to employer. Such investment should be made and entered while filing returns.
Also, investment documents made under section 80C investment documents such as PPF, NSC, ULIPS, ELSS, RGESS which qualify for deductions under Section 80C, must be kept ready.
7) Other proofs include
- Children's school fees
- Insurance premium payment
- Stamp-duty and registration charge
- Principal repayment on your home
More From GoodReturns

New LPG Aadhaar e-KYC Rule: Govt Makes Biometric Authentication Mandatory for Domestic Consumers

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days

Stock Market Holidays 2026: BSE, NSE To Be Shut For 4 Days From March 23 to 31: Ram Navami To Mahavir Jayanti

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:1 Bonus, 1:5 Split, 39 Dividends: Hindustan Zinc Share Rally 3% As Silver Rates Jump: Buy This Vedanta Stock

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Gold Rates & Silver Rates Today Live: MCX Gold & Silver Price Gives Up Some Early Gains; 24K, 22K, 18K Gold

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Gold Rates In India Crash By Rs 29,400 On March 21 After Spot Gold Hits Weakest Week; 24K, 22K, 18K Gold Price



Click it and Unblock the Notifications