Home BusinessITR Filing Last Date 2023: Deadline Expires In 72 Hours, View Final Checklist Here
Here is a quick document checklist that you need to have on hand before visiting incometax.gov.in to file your tax returns if you plan to do it yourself for Assessment Year 2023–2024. Take a look at the last-minute checklist before filing ITR 2023.
New Delhi: The deadline to file your Income Tax Return (ITR) for the assessment year 2023–24 is July 31, 2023. This means you have only a few more days left to file your ITR and avoid late fees. If you haven’t started filing your ITR yet, don’t worry, you’re not alone. Many taxpayers wait until the last minute to file their ITRs. However, this is a mistake. Filing your ITR early gives you more time to gather your documents, ensure the accuracy of your information, and avoid any last-minute complications. But don’t worry, we’ve got you covered. Here is a quick document checklist that you need to have on hand before visiting incometax.gov.in to file your tax returns yourself for Assessment Year 2023-2024:
1. Form 16/16A: Employers issue Form 16, which includes information about salaries, tax deductions, and TDS (Tax Deducted at Source) for salaried individuals. Form 16A also reports TDS on income other than salary, such as interest income, commissions, etc.
2. PAN card: Your PAN card is a unique identification number required for all financial transactions in India. You need to enter your PAN number in your ITR.
3. Aadhaar card: Your Aadhaar card is another important document needed to file your ITR. You can use your Aadhaar number to verify your identity and address.
4. Bank statement: Your bank statement provides a record of all your bank transactions. You will need to provide your bank statement to claim deductions for expenses like interest paid on loans, investments, and medical expenses.
5. Form 26AS: Form 26AS is a statement that includes details of all taxes, including TDS, TCS (Tax Collected at Source), and advance tax paid by the taxpayer.
6. Investment proofs: You need to provide supporting documents for deductions claimed under various sections of the Income Tax Act, such as Section 80C. These documents may include LIC premium receipts, PPF statements, NSC certificates, etc.
7. House property details/home loan statement: If you own a house, you need to provide details such as the property address, ownership status, rental income (if applicable), and interest paid on home loans.
8. Rental income: If you have received rental income from your property, you need to report it while filing your ITR. If you are living on rent, you should collect rent receipts from your landlord. While these documents are not required for ITR filing, your employer may need them for tax declaration or the Income Tax Department may require them if necessary.
9. Capital gains: If you have sold any assets like stocks or property, you need to provide documents that show the transaction details and capital gains.
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