The process of filing Income Tax Return takes some preparation. This is why the Government gives us months’ of time window period to compile all documents like salary/income details, bank statements, previous tax statements, etc. The list of documents varies as per the income earned per year and income source like salary, business profit, investment profit and so on. Compiling all your documents ready is just one aspect of it. In this article, we will discuss about the list of documents needed for filing Income Tax Returns in India.
List of documents & Information required for filing Income Tax Returns in India
ITR 1 is applicable for resident individual earning following Income:
ITR 1 is also known as Sahaj. In case of person filing ITR 1 the below documents are required:
ITR 2 is applicable for individual earning following Income:
In case of person filing ITR 2 the below documents are required:
ITR – 3 can be used by an individual or a Hindu Undivided Family who is having income from profits and gains of business or profession or individual or HUF covered under section 44AB of the Income tax act i.e. tax audit. In case of person filing ITR 3 the below documents are required:
Chapter VIA Investment details for claiming deduction as follows:
ITR – 4 can be used by an individual or a Hindu Undivided Family or Firm (excluding limited liability partnership firm) who is having income from profits and gains of business or profession or individual or HUF covered under section 44AD or 44AE in case of business or 44ADA in case of profession i.e. person opting for presumptive scheme of taxation. Person filing ITR 4 is not required to maintain books of account. In case of person filing ITR 4 the below documents are required:
ITR 5 can be used by a person being a firm, LLP, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. The following are the documents required to file ITR 5:
ITR – 6 can be used by a company, other than a company claiming exemption under section 11 (charitable/religious trust can claim exemption under section 11). The following are the documents required to file ITR 6:
ITR – 7 can be used by Public or Private trust covered u/s 139(4A), Political Parties covered u/s 139(4B), Educational institution covered u/s 139(4C) and Business trust and Investment fund covered u/s 139(4D). The following are the documents required to file ITR 7: