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-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...
What is a CD (certificate of deposit)?
What is a CD (certificate of deposit)?
Sep 30, 2024
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Key takeaways A CD locks in your money for a set period of time, also known as...
How often do Treasury bonds pay interest?
How often do Treasury bonds pay interest?
Sep 30, 2024
Key takeaways Treasury bonds are government securities that pay a fixed interest rate every six months. A Treasury bond's coupon rate - or interest paid - stays fixed for the life of the bond, but the bond's price can change if traded on the market. Treasury bonds are considered safe investments because they are backed by the U.S. government, but...
Best bond funds for retirement investors
Best bond funds for retirement investors
Sep 30, 2024
When it comes to saving for retirement, investors generally use a combination of equity and fixed income investments. If you're young and retirement is still far off, your portfolio is more likely to hold mostly equity (stock-based) investments because you have a long time to make up for any short-term fluctuations in the markets. And then as you approach retirement,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved