July 31, 2019 is the last date to file Income tax returns for FY 2018-19. All salaried individuals can file their returns using form ITR-1 and ITR-2. These forms are now available on the e-filing portal of the Income tax department.Notably, the I-T department will issue only e-refunds, this time.
Here is a list of documents you will need while filing your ITR.
Form 16 :-
Form 16 is the TDS certificate issued by your employer. It is issued to certify details of tax deducted and deposited. It has two sections: Part A and Part B.
While Part A contains details like name, address, PAN/TAN information, summary of tax deducted/deposited, Part B comprises employee’s salary break up, other income sources, relief under Section 89, deductions claimed, among other details.
Form 16A/16B/16C :-
When TDS is deducted on incomes other than salary such as interest income on fixed and recurring deposits, your bank will issue Form-16A, specifying details of such deduction.
Also, in case of sale of property, the buyer will have to issue you Form-16B for TDS deducted on the amount paid to you.
Similarly, for TDS deducted on rental income, Form-16C is issued.
Form 26AS :-
Form 26AS is a consolidated statement comprising details of all financial transactions of a person during an assessment year.
These details include the income earned from various sources and the amount of deductions made from a number of avenues, like TDS deducted by your employer, tax collected by collectors, advance tax paid, self-assessment tax payments, and other such details….Read more>>