Keep these documents handy while logging into the I-T website
You should also keep your salary slip accessible in case you want to crosscheck the details in your Form 16, for example your exempt income. Also, you can take the EMI certificate from your lender, which will contain all details of the interest paid under the IT Act. RAHUL SINGH, assistant manager at Taxmann.com
MUMBAI : Whether you are planning to file your ITR on your own or through a chartered accountant, you will have to keep these documents handy.
DOCUMENTS TO PROVE YOUR IDENTITY
Make sure that you have your personal account number (PAN) card and Aadhaar card.
INCOME PROOF
By now, your company would have provided you your Form 16—it gives details of your salary and deductions. It will also have the details of TDS deducted by your employer.
“You should also keep your salary slip accessible in case you want to crosscheck the details in your form 16, for example your exempt income,” said Rahul Singh, assistant manager at Taxmann.com. Like Form 16 is for salaried income, Form 16A is for the income you earn on sources other than your salary. For example, it will be issued to you when TDS is deducted on insurance commission, fixed deposits, rent receipts or any other income you receive that is liable for deduction. It only contains details on TDS deducted other than salary.
TAX DOCUMENT
You will need to keep your TDS document handy. You will also take a look at your Form 26AS. It is a document to crosscheck your TDS details. Your 26AS is available on the income tax website. You should also keep a copy of your past tax returns.
LOAN OR EMI CERTIFICATE
If you have taken a home loan, you are entitled for deductions on the principal amount and interest that you are paying. Deductions on the principle amount can be claimed under section 80 (C) and on the interest paid under section 24 (B) of the Income Tax Act. “You can take the EMI certificate from your lender, which will contain all details,” said Rahul Singh.
INVESTMENTS, INSURANCE DOCUMENTS
Investments in mutual funds, provident fund contribution, premiums paid towards life insurance and medical insurance can be claimed for deductions under section 80C of the Income Tax Act. If you have made any capital gains on sale of real estate, you will have to keep investment details handy. Similarly, if you have made capital gains or loss in direct stocks, you should have your demat account details as well.
BANK STATEMENT
You should also have your bank statement with you. The interest that you may have earned from all your bank accounts also needs to checked.
“If you are eligible for a refund, you will have to report all bank accounts held by you and for that you will have to provide bank account numbers, IFSC codes of all accounts you hold,” said Singh.