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 >
What is a covered call options strategy?
What is a covered call options strategy?
Dec 13, 2024
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you're covered (that is, protected) if the stock rises and the call option expires in the money. A covered call is one of the lower-risk option...
Best REIT ETFs: Top real estate funds for investors
Best REIT ETFs: Top real estate funds for investors
Dec 14, 2024
Real estate investment trusts, or REITs, allow investors to earn a portion of the profits of real estate investing without buying, managing or financing a physical property. REITs are popular among investors for their ability to diversify a portfolio, since they have lower correlations to the performance of stocks and bonds. REIT investors carefully consider dividend yields, since dividends are...
Best gold ETFs: Top funds for investing in gold
Best gold ETFs: Top funds for investing in gold
Dec 14, 2024
There are multiple ways to gain exposure to gold, from directly purchasing gold bullion to more indirect methods like owning shares of public mining companies. While some funds invest directly in the physical metal, others manage a portfolio of gold-related stocks. To get in on the action, the most efficient approach for retail investors is through exchange-traded funds (ETFs) with...
Greg McBride's 2024 financial checklist: 15 tasks to complete by the end of the year
Greg McBride's 2024 financial checklist: 15 tasks to complete by the end of the year
Dec 13, 2024
The last year saw a number of economic wins for the U.S., but many Americans aren't celebrating. Inflation slowed to levels last seen in early 2021, and the Federal Reserve cut interest rates twice. But that may not mean much to many Americans' wallets, as prices of common goods are higher than they were pre-pandemic, and household debt continues to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved