It's miles ITR submitting season, and the income tax branch has released profits tax go-back bureaucracy in advance this month. This paperwork also comprises several modifications, which include amendments to capital gains tax regulations that have been announced in the budget for 2024.
However, there may be no need to hurry to complete the system, as salaried personnel have now not yet acquired their paperwork—sixteen.
But it's also essential to accumulate vital facts inside the implied time.
What record could you need to keep on hand?
Whilst filing profits tax returns, these are the files that people want to keep with them:
Financial institution account statements
Bank TDS certificate
Aadhaar & PAN, which need to be linked
Form-26AS
Annual statistics statement
Form 16 issued with the aid of employers—all the bureaucracy if you have switched jobs for the duration of the FY
Beyond tax returns filed
Profit slips, consisting of income earned overseas, if any
Rent agreements and receipts to assert HRA
Overseas financial institution account statements if you have been deputed abroad
Transaction statements of overseas investments were made to make the relevant disclosures.
Shape sixty-seven if you are claiming credit for taxes paid overseas with which india has a double taxation avoidance treaty.
Info of your assets and liabilities in case your profits exceed Rs 50 lakh and you have to document returns using ITR-2, which includes the AL (asset-legal responsibility) agenda Tax exemption proofs
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