What do I need to file my Income Tax Return?
Filing your income tax return can become a seamless process involving just a single meeting with us if you know what documents to share with us!
We, at PravasiTax, have curated a simple checklist to help you collate all the required supporting documents.
Listed below are the basic personal information that we would require at hand to begin the income tax return filing procedure:
Sources of Income
The details required for each source of income have been given below. Depending upon the types of income you have generated during the relevant year, you can make use of this checklist to source the appropriate documents and information. These details/documents are to be provided for the 12-months period from 01 April to 31 March.
Income from House Property
In case you are earning any rental income in India, the following details will need to be shared with us:
- Name, PAN, and Aadhaar number of co-owners
- Percentage of share in property
- Name, PAN / TAN / Aadhaar number of tenants
Income from Sale of Securities
If you are engaged in any form of stock market transaction such as share trading, intraday trading, trading in Futures & Options etc. or redemption of mutual fund units, it is mandatorily required to present the Capital Gains Summary Report for the relevant financial year.
If trading is done through more than one platform, Capital Gains Summary Report to be provided for all the platforms. Also, kindly ensure all details such as ISIN Number, buy date, sell date, buy rate, sell rate, STT paid etc. for each of the share / unit is available in the Capital Gains Statement.
In case you have sold any property in India during the year, we would require a copy of your purchase and sale deeds for working out the capital gain applicable on the transaction.
Kindly provide the interest certificate/bank statement obtained from the respective Banks. This can also be downloaded from your net banking login.
Deductions claimed from Income
Proof to be presented and quantum of deduction to be stated for eligible deductions such as: