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 >
Research Alert: CFRA Reiterates Sell Opinion On Shares Of International Flavors & Fragrances
Research Alert: CFRA Reiterates Sell Opinion On Shares Of International Flavors & Fragrances
May 26, 2025
11:30 AM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target by $4 to $73, 17.2x our 2025 EPS of $4.27 (down from $4.30; we lower our 2026 view to $4.53 from $4.68), below IFF's three-year...
Research Alert: CFRA Maintains Buy Opinion On Adss Of Honda Motor Corporation
Research Alert: CFRA Maintains Buy Opinion On Adss Of Honda Motor Corporation
May 26, 2025
10:50 AM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target to USD33 from USD34 on a FY 26 P/E of 8x (aligned with Honda's ( HMC ) five-year average) due to a reduced EPS forecast...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Tesla Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Tesla Inc.
May 26, 2025
03:15 PM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price to $320 from $260, based on a 2026 P/E of 110x, a slight discount to TSLA's 10-year average forward P/E of 114x. Our adjusted...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Charter Communications Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Charter Communications Inc.
May 26, 2025
03:35 PM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $40 to $440, applying an EV/EBITDA multiple of 7.0x our 2025 estimate, close to its three-year historical average multiple at 7.2x, reflecting our...
Copyright 2023-2025 - www.financetom.com All Rights Reserved