Health

Good news: Income tax return filing deadline extended again by tax dept

By Neelanjit Das

Copyright indiatimes

Good news: Income tax return filing deadline extended again by tax dept

If you have salary income, you need Form 16 issued by your employer.

If you have earned interest on fixed deposits or savings bank account and TDS has been deducted on the same, you need TDS certificates i.e., Form 16A issued by Deductors.

You will need Form 26AS to verify TDS on salary as well as TDS other than salary. Form 26AS could be downloaded from the e-Filing portal.

If you are living in rented premises, you need rent paid receipts for calculation of HRA (in case you have not submitted the same to your employer).

If you have any capital gains transactions in shares, you will need a summary or profit / loss statement of capital gain transactions of shares or securities during a year, if any, for computation of capital gain.

You will need your bank passbook, Fixed Deposit Receipts (FDRs) to calculate the amount of interest income.

If you have received rent from your rented house property, then you will need your tenant / local tax payment / interest on borrowed capital details (if any) to calculate income from house property.

In case you want to claim any loss incurred during the current year, then you will need the relevant documents exhibiting the loss.

In case you wish to claim previous year’s loss, you will need a copy of ITR-V pertaining to the previous year, disclosing the said loss.

You will also need documents or proofs for claiming tax saving deductions u/s 80C, 80D, 80G, 80GG such as life and health insurance receipts, donation receipts, rent receipts, receipts for tuition fees etc., if the same were not considered in your Form 16.