10 documents you need to file your income tax return

The time has come for all of us to start filing our income tax returns. This year it becomes all the more important to file it on time as there is a penalty for missing the deadline.

To make the process of filing your returns easier, it is always better to keep all the necessary documentary proof ready and handy. Without it, filing your return could be difficult.

This year, the income tax department has asked taxpayers who file using ITR1 to provide break-up of the gross salary income and income earned from one house property during the FY 2017-18. This is why chartered accountants advise that you must collect all the documents related to income earned during the financial year to ensure that there are no mistakes made while filing ITR.

Here are the 10 documents you must keep in handy while filing your ITR for FY 2017-18:

1. Form-16
If you are a salaried person, this is one of the most important documents for you to file your ITR. Abhishek Soni, CEO, tax2win.in, a tax-filing company, says “Form-16 is a TDS certificate issued to you by your employer to provide details of the salary paid to you and TDS deducted on it, if any. It is mandatory for your employer to issue Form-16 if your employer has deducted TDS from your salary. If no TDS is deducted from your salary, then you can request……………Read More>>
Source by indiatimes