Income Tax Return: Documents Required To File ITR

Income Tax Department has notified due date to file the income tax return for the financial year 2021-22 is December 31, 2021.

According to people, ITR portal has been reporting a lot of glitches due to which people are unable to file their ITR. But, it is advised that you file your ITR before due date.

Failing to which can attract a fine of Rs 5000 if you are above tax slab of 5 lakh rupees.

Income Tax Department in a tweet said, “Dear Taxpayers! Do remember to file your Income Tax Return for AY 2021-22 within the extended due date of 31st December, 2021. Don’t wait, File NOW!”

Also read:

Income Tax Alert! December 31 Is Here: Know Why

Important Documents You Need For Filing Income Tax Return

Form 26AS

This form is also known as Annual Consolidated Statement (ACS). It contains all important information regarding tax of the taxpayer. It also contains information on Tax Deduction At Source. The form is available on portal of Income Tax Department.

Form 16

This form is issued by the employer to his employee. It says that tax has been duly deducted from salary of the employee and it has been deposited with IT department. It contains details regarding salary of an employee.

Investment Proofs

Life insurance premiums, Public Provident Fund, Medical insurance are various kinds of tax saving investments. The receipts of such transactions are to be submitted to IT Department for deductions in income tax.

Interest Income Proofs

You also need to submit certificate about the interest received in a financial year on savings and fixed deposits. The receipts can be downloaded from net banking apps of banks. You can also obtain this certificate physically.

Tax payers should be cautious about difference between due date and last date of filing ITR. The last date to file ITR is March 31, 2022.

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