Details Required for IT Filing
1.Income from Salary:
- From 16 Part A & Part B
- HRA related Details Like Rent Paid, HRA Received
- Any other income from employment, such as bonuses, commissions, or arrears.
2.Income from House Property:
- Details of rental income received from property/properties owned
- Amount paid as municipal taxes for the property
- Details of interest paid on home loans (under Section 24) for a self-occupied or let-out property
Interest certificate from the lender showing interest paid on housing loan
3.Income from Capital Gains:
- Documents showing the purchase and sale transactions of capital assets such as stocks, mutual funds.
- Summary of gains or losses realized from the sale of capital assets during the financial year.
- Indexation details if Stocks or mutual funds investments made on or before 31 January 2018
4.Income from Business or Profession: - For calculating F&O and Intraday trading income required, trading account statements, turnover reports, profit and loss statements, transaction statements, and bank statements.
5.Income from Other Sources:
- Details of interest earned from savings accounts, fixed deposits, recurring deposits, or any other source
- Income received from investments in shares or mutual funds (Dividend Income)
- Any other miscellaneous income not covered under other heads (Gifts, Lottery, Horse races, etc.)
6.Chapter VI A Deductions:
- Deductions under Section 80C (investment in PPF, EPF, life insurance premium, ELSS, NSC, etc.).
- Deductions under Section 80D (health insurance premium, Preventive Health checkup, medical expenditure).
- Deductions under Section 80G (donations to eligible charitable institutions).
- Deductions under Section 80E (interest on education loan).
- Deductions under Section 80CCD (contribution to pension schemes)