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 >
How to sell your house in 2024: A step-by-step guide
How to sell your house in 2024: A step-by-step guide
Oct 3, 2024
Key takeaways Selling a house can take several months from start to finish, so it's crucial to plan ahead and stay organized. Start by setting a timeline to stick to and hiring a local real estate agent who knows your market well. Be sure your listing photos are the highest quality possible -- homebuyers look at listings online first before...
Study: Workers with STEM degrees are more likely to report higher salaries and lower unemployment rates
Study: Workers with STEM degrees are more likely to report higher salaries and lower unemployment rates
Oct 2, 2024
Natalie Todoroff knew immediately during her first semester of college that she wanted to major in English. She says she had a total gut feeling that it was the right degree for her, even with the knowledge that English majors have a reputation for being unemployable. However, finding a job after college wasn't the hard part for Todoroff. She was...
Does an annuity make sense if you don't have a high net worth?
Does an annuity make sense if you don't have a high net worth?
Oct 3, 2024
Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile. While it's true that some annuities, especially those offering guaranteed lifetime income, require significant capital, there are other options available -- including...
Best-performing energy stocks: October 2024
Best-performing energy stocks: October 2024
Oct 2, 2024
Energy stocks can be hot and cold, but when they're hot, they can move as quickly as any tech stock. And it's a popular sector to trade when oil prices skyrocket or geopolitical tensions ratchet up, as prices can become highly volatile and traders jump into the action. Because of that volatility, a list of the best performers won't tell...
Copyright 2023-2025 - www.financetom.com All Rights Reserved