Here we discuss the bare minimum required supporting documentation in order to prepare the ITR-form to file the income-tax returns, for Individuals & HUF - [herein referred as assessee].
- PAN card.
- Filed-Returns of the previous years, if any.
- Proof of Income, like payslips or paid vouchers or bank-statements showing the deposits.
- Full Annual statements of all the Saving-Bank Accounts held in the Name / PAN of assessee.
- TDS certificates, if any.
- Proof of Expenditure like receipts of, bills paid, rent paid, medical bills of self / dependents, etc.
- Proof of Deductions from Investments made [if any] like paid-receipts of, Life-Insurance, Mutual Funds, NSS, EPF, Tuition Fee of children, etc, or Donations for recognized institutions / organisations such as under Section 80G, 80GGA, etc.
- Balance Sheet, Profit & Loss Statement, other Audit reports wherever applicable.
#The documents to be provided should be photo-copy or scanned copy of the original documents and NOT the original documents itself.
Certain set of documents are needed for the return-preparer to analyse and aggregate income received to calculate the income-tax after any deductions as applicable. The deductions for example can be from the sub-sections of Section 80, in the case of 80C in the case of Life-Insurance policy or Housing Loan. There are others like 80G for donations to recognized institutions or 80GG for housing rent paid.
