financetom
Personal Finance
financetom
/
Personal Finance
/
Explainer: Documents that can ease filing of income tax returns
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Explainer: Documents that can ease filing of income tax returns
Jul 13, 2018 10:58 AM

With the deadline for filing the income tax returns getting closer, many are rushing to finish the business.

Live TV

Loading...

However, many get in to trouble due to lack of proper idea regarding the process.

Here is a detail about documents that are necessary for the filing process.

The first group of documents that are handy for the filing are the general documents such as PAN card, mobile number linked Aadhaar card and original copy of bank account statements.

The next in the list is Form 16, i.e. salary certificate issued by the employers.

The Form 16 gives details about the salary received by the individual along with details such as tax deducted, exemptions given etc.

Similarly, Form 16A that offers details of TDS certificates on incomes other than a salary income is particularly useful for freelancers and self employed.

Form 26AS is a tax credit statement or an annual statement released by the Income Tax Department.

The form gives of all taxes paid by you or on your behalf making it useful while filing the returns.

In additions, documents such as interest certificates and investment documents too are helpful as they give details about various deposits, investments etc.

First Published:Jul 13, 2018 7:58 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Best total stock market index funds
Best total stock market index funds
Jul 19, 2024
Index funds have gained enormous popularity with investors over the past few decades as a cost-effective way to gain access to highly diversified portfolios. Through mutual funds and ETFs, total market index funds allow investors to purchase a basket of stocks that track an index focused on the overall U.S. stock market or markets around the world. They can be...
Best dividend ETFs and how to invest in them
Best dividend ETFs and how to invest in them
Jul 23, 2024
For public companies, one of the simplest ways to communicate financial stability to shareholders is through cash dividend payments. The most established companies often share a portion of their profits with investors, rewarding them with cash dividends. For investors, dividends provide a steady stream of passive income. Here are some of the best dividend ETFs on the market, including their...
What are pension annuities?
What are pension annuities?
Jul 22, 2024
There are numerous ways to save for retirement. One option is a pension annuity, which provides guaranteed income throughout your retirement. But the phrase pension annuity can mean different things, depending on who you ask. In this article, we dive into the different meanings of pension annuities, explaining how they work and the factors to consider when deciding if it's...
Unrealized gains or losses: What they are and how they work
Unrealized gains or losses: What they are and how they work
Jul 22, 2024
Unrealized gains and losses are potential gains and losses from an investment that has not yet been sold. While selling investments can have tax consequences, that may not be true while you still hold on to it. That's why they are unrealized. Selling investments can significantly impact your taxes, so it's crucial to understand the potential implications. You should also...
Copyright 2023-2025 - www.financetom.com All Rights Reserved