ITR Filling Documents for Architect
ITR Filling Documents for Architect in India, you’ll need several documents to file your Income Tax Return (ITR). These documents are crucial for accurately reporting your income and claiming deductions.
Here are the list of documents you’ll need:
1. Form 16:
This is provided by your employer and shows your salary details, tax deducted at source (TDS), and other relevant information.
2. Bank Statements:
Gather statements from all your bank accounts to provide a comprehensive view of your financial transactions.
3. Proof of Income:
Any additional income, such as freelance architectural projects or rental income, should be documented with invoices, receipts, or agreements.
4. TDS Certificates:
Collect TDS certificates for income other than salary, such as rent, interest, or contractual work.
5. Property Documents:
If you own property, include documents like sale deeds, purchase agreements, and details of home loans for claiming deductions.
6. Investment Proofs:
Provide proofs of investments made under Section 80C, 80D, and other applicable sections to avail deductions.
7. PAN Card:
Your Permanent Account Number is essential for filing taxes.
8. Aadhaar Card:
Link your Aadhaar to your PAN for seamless filing and to avoid penalties.
9. Form 26AS:
This reflects all TDS deductions made on your income and helps in reconciling with your own records.
10. Rent Agreements:
If you’re claiming House Rent Allowance (HRA), provide rent receipts and a copy of the rent agreement.
11. Home Loan Documents:
If you have a home loan, keep copies of the loan statement and interest certificates.
12. Capital Gains Records:
If you’ve sold any property or assets, maintain records of the transactions and calculate capital gains.
13. Medical Bills:
Preserve medical bills and health insurance premium receipts for claiming deductions under Section 80D.
14. Travel Bills:
If your job requires travel, keep track of travel expenses for possible deductions.
15. Business Expenses:
If you have a self-employed practice, retain bills related to business expenses, such as office supplies or travel.
16. Proof of Tax Payments:
Maintain records of advance tax, self-assessment tax, and any other tax payments made during the financial year.
17. Form 15G/15H:
If applicable, submit these forms to avoid TDS deduction on interest income.
18. Gift Deeds:
If you’ve received significant gifts, ensure you have proper documentation to account for them.
19. Previous Year’s ITR:
Having the previous year’s ITR can be helpful for reference and consistency.
20. Any Notices or Communication from the Income Tax Department:
Keep copies of any correspondence with the tax authorities.
Remember to cross-check all documents for accuracy and completeness before filing your ITR. Consulting a tax professional can also provide you with personalized guidance.
To visit: https://www.mca.gov.in/
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