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Documents Required To File Income Tax Returns for FY 2019-20

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Documents Required To File Income Tax Returns for FY 2019-20

Before taxpayers start registration, ensure the following details should be hand-in-hand.

  • Valid PAN
  • Valid Mobile Number
  • Valid Current Address
  • Valid Email Address, preferably your own

Persons Incompetent to Register

Minor, lunatic or idiot and those who are barred by Indian Contract Act, 1872

Registration Process

Step 1. Visit the 'e-Filing' Portal www.incometaxindiaefiling.gov.in

Step 2. Click 'Register Yourself' button located at right side of the Home Page

Step 3. Select the user type as 'Individual' ⇒ Click Continue

Step 4. Provide the following basic details:

  • PAN
  • Surname, First Name and Middle Name
  • Date of birth
  • Residential Status

Step 5. Click 'Continue'

Step 6. Fill in the following mandatory details:

  • Password Details
  • Contact Details
  • Current Address

Click 'Submit'

Step 7. After registration,
For Residents, a six digit OTP1 and OTP2 will be shared on your mobile number and email ID, specified at the time of registration.
For Non-residents, OTP will be shared on your primary email ID, specified at the time of registration.

Step 8. Enter the correct OTP to complete the registration process

Step9. Link with Aadhar and PAN

Following are the document required by File Income Tax Returns for FY 2019-20 for salaried person

1.Form-16 for salaried used - Form 16 is the certificate issued under section 203 of the Income tax Act for tax deducted at source (TDS) from income under the head 'salary’. The certificate provides a detailed summary of the amount paid or credited to the employee and the TDS on the same. Now what you must know about Form 16 is that it consists of two parts – Part A and B. Part A is the portion that consists of the income tax deducted by the employer in the financial year. Separately, it has the Permanent Account Number (PAN) details of the employee and the Tax Deduction Account Number (TAN) of the employer. Part B of Form 16 includes the break-up information of the employee’s gross salary.

 

2.Form 26- What is Form 26ASForm 26ASis a consolidated annual taxstatement that includes information on tax deducted/collected at source, advance tax, self-assessment that is available on the Income Tax website against a taxpayer's Permanent Account Number (PAN).

Perform the following steps to view or download the Form-26AS from e-Filing portal:

  1. Logon to ‘e-Filing’ Portal incometaxindiaefiling.gov.in
  2. Go to the 'My Account' menu, click 'View Form 26AS (Tax Credit)' link.
  3. Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
  4. In the TDS-CPC Portal, Agree the acceptance of usage. Click 'Proceed'.
  5. Click ‘View Tax Credit (Form 26AS)’
  6. Select the ‘Assessment Year’ and ‘View type’ (HTML, Text or PDF)
  7. Click ‘View / Download’

 

3.Certificates related to interest income And Post office- This is an annual summary of interestcredited or debited, which we send out at the end of the tax year. You can use it to help complete your tax return. We can also provide one in certain other circumstances, such as on the death of an account holder.

  • Bank statement/passbook for interest on savings account.1st April 2019 to 31st March 2020
  • Interest income statement for fixed deposits.
  • TDS certificate issued by banks and others.4.Under Section 80C Investment Document- The maximum amount that can be claimed under Section 80C is Rs 1.5 lakhs.
  • a) Employees Provident Fund (EPF)
    b) Public Provident Fund (PPF)
    c) Investments in ELSS schemes of mutual funds
    d) Life insurance premium paid
    e) National Pension System (NPS)
  1. f) Your children’s school tuition fees
  2. g) Stamp-duty and registration charges
  3. h) Principal repayment on your home loan

4.Under Section 80C Investment Document- The maximum amount that can be claimed under Section 80C is Rs 1.5 lakhs.

  • Employees Provident Fund (EPF)
  • Public Provident Fund (PPF)
  • Investments in ELSS schemes of mutual funds
  • Life insurance premium paid
  • National Pension System (NPS)
  • Your children’s school tuition fees
  • Stamp-duty and registration charges
  • Principal repayment on your home loan

 

5.Deductions under section 80D,80U,80G

Under section 80D - Section 80D of the Income Tax Act which allows deduction for medical expenditure incurred on senior citizens. This deduction can be claimed by the senior citizen himself/herself or by his/her children, if the latter are incurring medical expenditure for their senior citizen parents.

Under section 80U- A resident individual who has been certified as a person with a disability by the medical authority can claim the tax benefit under Section 80U. For the purpose of this section, a person with a disability is defined as a person who has at least 40 percent disability, certified by the medical authorities.

Under Section 80G- Section 80G of the Income Tax Act provides a 50% exemption from paying tax on donations made to funds or organizations qualifying under the act. This Section offers tax deductions on donations made to certain funds or charitable organisations with a qualifying limit not exceeding 10% of Adjusted Gross Total Income

  • Donation to PM CARES Fund to be 100% fully exempt under section 80G
  • Prime Minister’s National Relief Fund
  • National Illness Assistance Fund
  • National Sports Fund
  • Clean Ganga Fund
  • National Defence Fund By Central Government

Read more Article How to download your ITR-V Acknowledgement from the Income Tax website

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