If you have income from salary, pension and interest, you would be needing the following to file your income tax return :
1. Name, address and TAN of your employer (essential)
2. Form 16 from the employer showing (essential)
a) Income during the year
b) Deductions claimed
c) Tax deducted and deposited by employer
d) Allowances and perquisites
3. Details of investments under section 80C including (if applicable) :
a) PF, PPF and NSCs
b) Premium for insurance
c) Tax saving mutual funds
d) Repayment of principal amount of a housing loan
e) Tuition fees of up to two children
4. Details of interest income and TDS of(if applicable) :
a) Savings bank deposits
b) Fixed deposits
c) Bonds, NSCs
5. Medical insurance premium paid for self and dependents under section 80D (if applicable)
6. Pension certificates (if applicable)
7. Receipts of self-assessment tax (if applicable)
8. Details of rent payment (for HRA examination) (if applicable)
9. Statement of housing loan (if applicable)
If you are self employed or have a business of your own, then you need :
1. Bank statement(s) (essential)
2. Details of income (essential)
3. Electricity, phone and water bills (essential)
4. Details of payment to staff (essential)
5. Bills for maintenance of office equipment, cars (if applicable)
6. Receipt of car, machinery and furniture insurance (essential)
7. Purchase details of assets (for claiming depreciation) (essential)
8. Details of travelling expenses (if applicable)
9. Details of interest paid on loans for businesses (if applicable)
10. Receipts of rent paid (if applicable)
11. Entertainment expense bills (if applicable)
12. Fuel and transport bills (if applicable)
If you have income from rentals recieved, you need :
1. Details of rent received (essential)
2. Details of expenses incurred on the house (essential)
3. Municipal taxes paid (essential)
4. Statement of housing loan (if applicable)
5. Name and PAN of tenant (essential)
6. Market rental value of the locality (essential)
If you earned from capital gains during the financial year, then you need :
1. House property
a) Details of purchase of property
b) Details of money spent to improve/construct the property
c) Details of sale
d) Bills for expenditure incurred
2. Shares and mutual funds
a) Statement of share trading account
b) Mutual fund statement
3. Other assets
a) Similar details as in case of house property.
Since last year, there is a new procedure introduced by the name of Annual Information Return, wherein taxpayers also need to declare certain investment details and expenses. Below are the points to be declared for the same :
1) Bank account statements
2) Credit card statements
3) Fixed deposits and bond receipts
4) Mutual fund statements
5) Details of purchase of immovable property
