CHECKLIST BEFORE FILING INCOME TAX RETURN

CHECKLIST

1. PERSONAL INFORMATION
2. FINANCIAL INFORMATION
3. INCOME DETAILS
4. DEDUCTIONS AND EXEMPTIONS
5. DOCUMENTS AND RECEIPTS
6. PREVIOUS YEAR'S RETURN
7. COMPLIANCE AND ACCURACY
8. DIGITAL SIGNATURE
9. REVIEW AND VALIDATE

PERSONAL INFORMATION

• NAME
• ADDRESS
• CONTACT DETAILS
• PAN
• AADHAR NUMBER (ENSURE IT IS LINKED WITH YOUR PAN)

FINANCIAL INFORMATION

• BANK ACCOUNT DETAILS - BANK ACCOUNT NUMBER

IFSC CODE

ENSURE ACCOUNT IS ACTIVE

• BANK STATEMENT - CHECK FOR ALL INCOME

INCLUDING INTEREST EARNED AND OTHER CREDITS

INCOME DETAILS

• COLLECT FORM 16 ( FOR SALARIED INDIVIDUAL)
• COLLECT FORM 16A ( FOR NON SALARIED INDIVIDUAL)
• VERIFY FORM 26AS ( TAX CREDIT STATEMENT )
• MATCH YOUR SALARY SLIP DETAIL WITH FORM 16
• INTEREST CERTIFICATE FROM BANKS AND FINANCIAL INSTITUTION
• COLLECT RENTAL RECEIPTS
• CAPITAL GAIN STATEMENT
• CHECK WHETHER THERE IS ANY OTHER INCOME SOURCES

DEDUCTIONS AND EXEMPTIONS

• SECTION 80C - VERIFY INVESTMENT UNDER LIC ,PPF , NSC , ETC .
• SECTION 80D - MEDICAL INSURANCE PREMIUM PAID
• SECTION 80G - DONATION MADE TO CHARITABLE INSTITUTION
• INTEREST AND PRINCIPAL REPAYMENT DETAILS ( HOUSING LOAN )
• INTEREST REPAYMENT DETAILS ( EDUCATION LOAN )
• ANY OTHER ELIGIBLE DEDUCTIONS UNDER INCOME TAX ACT

DOCUMENTS AND RECEIPTS

• INVESTMENT PROOFS
• MEDICAL BILLS
• INSURANCE PREMIUM RECEIPTS
• RENT RECEIPTS
• CHARITY RECEIPTS

PREVIOUS YEAR'S RETURN

• ENSURE YOU HAVE A COPY OF PREVIOUS YEARS ITR ACKNOWLEDGEMENT

COMPLIANCE AND ACCURACY

• CHECK FOR ANY ADVANCE TAX OR SELF ASSESSMENT TAX PAYMENTS
• ENSURE THERE IS NO DISCREPANCIES BETWEEN FORM 26AS WITH YOUR RECORD
• ENSURE ALL ELIGIBLE DEDUCTIONS AND EXEMPTIONS ARE CLAIMED

DIGITAL SIGNATURE

• ENSURE DSC IS VALID AND UPDATED

REVIEW AND VALIDATE

• REVIEW ALL THE FILLED INFORMATION FOR ACCURACY
• PRE-VALIDATE YOUR BANK ACCOUNT FOR REFUND PROCESSING
• ENSURE YOU HAVE SELECTED THE CORRECT ITR FORM BASED ON YOUR INCOME SOURCES