Income taxpayers will have to file ITR before July 31.
It's time to file income tax returns.
New Delhi: It is time to fill Income Tax (Income Tax) returns for the financial year 2017-18 or for assessment year 2018-19 (Assessment Year Assessment Year 2018-19). For this, only about a month and a half left. Income taxpayers will have to file ITR before July 31.
There are some necessary papers ready for filling income tax returns. Income tax returns themselves can also be filed online with the help of these. Even if someone has to seek help, he has to make these papers available.
What are these important papers come, understand?
PAN Card: ITR (ITR 2018-19) First of all, the person must have a PAN card, because to deposit online ITR, you can make your account through the PAN card on the Income Tax India site. Could.
Aadhaar Card: To do ITR filing, it is now necessary to have a link between the Aadhaar card and the PAN card, which can be easily done.
Bank Account Details: To file an ITR, the person has to report financial transactions, so the income taxpayer should know how much interest he received during his entire financial year on his bank accounts or accounts. For this, the full details of the bank accounts or accounts should be handled so that the correct information about financial transactions is easy to enter in the ITR.
Form 16: Every employer provides its employer company form 16. It is also important to have Form 16 when filling an ITR online filing. This form contains information about the entire salary and TDS received in any financial year. If someone has changed his job, then he has to take it from his old company too. It's time now, it can be done.
Investment details: If the ITR filer has invested in Equity Linked Mutual Fund or PPF, or has bought a life insurance policy, then it is beneficial for it. Life insurance, child tuition fees etc. are tax exemption, therefore, whatever investment has been made, the details should be prepared.
Loan Details: Those who have taken home loans and / or education loans, keep in mind that interest on them is also tax-free. In such a case, it is important to keep the details of these loans when passing the ITR.
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