24 Apr
Documents Required for Filing of Income Tax AY 2023-2024
Documents required for Filing
of Income Tax AY 2023-2024
Introduction: Filing
income tax returns is a legal obligation for all taxpayers in India. It is
important to file your income tax return correctly and on time to avoid
penalties and legal consequences. In this blog post, we discuss the important
documents that self-employed individuals, professionals, owners and consultants
need to collect before filing their income tax returns.
Important documents
1) Bank and Loan Account: Taxpayers
must provide all bank statements, society account and loan account from
01/04/2022 to 31/03/2023.
2) Business Sales and Purchase
Invoices: All taxpayers
should maintain a record of sales and purchase invoices made during the
financial year.
3) Details of Business Expenses: Taxpayers
must have proper records of business-related expenses to claim the expenses.
4) Documents relating to interest
income: Taxpayers must have bank statements, interest
income statements for fixed deposits and TDS certificates issued by banks and
others.
5) Section 80C Investments: Taxpayers
should maintain documents related to investments made under PPF, NSC, ULIPS,
ELSS and LIC to claim deduction under Section 80C.
6) Investment, Trading information
in shares and mutual funds
7) Details if new property purchased
or old property sold
All the above
information should be emailed to us at alliancetaxexperts@gmail.com
Best Regards,
Santosh Patil
9769201316
02249742166