Navigating ITR filing can seem daunting, but with the right documents, it’s a breeze. This guide breaks down the essentials, making tax season less taxing. Let's get started!
PAN & Aadhaar
First things first: your Permanent Account Number (PAN) card and Aadhaar card are crucial. Think of them as your tax IDs. Ensure these are linked. This will ensure a streamlined experience. Remember, verification is the name of the game!
Form 16 is Key
Form 16, your employer's certificate of salary, is a must-have. It summarizes your income and tax deducted at source (TDS). Keep this readily available. Cross-check the details against your bank statements to be sure.
Bank Statements Ready
Your bank statements are vital for calculating interest earned and other financial transactions. Have these handy. Keep track of all income, even small amounts, as this is crucial for accuracy during the filing of your ITR.
Investment Proofs Sorted
Gather proofs for investments made during the financial year. These include those for tax-saving schemes. Examples include ELSS, PPF, or insurance premiums. These can reduce your tax liability and bring you some savings!
Other Income Documents
Don't forget other income sources like rental income or capital gains. Collect relevant documents like Form 26AS for accurate reporting. Remember, transparency is key, and keeping everything well documented is paramount.
