Documents Kept in Record in Support of the Income Tax Return

Document to be prepared/obtained by the assesse in support of the return

New return forms have dispensed with the requirement of enclosing any documents in support of the return. However, in the opinion of Board of Editors, even though not required to be submitted along with the return, it is advisable that the documents be prepared /obtained beforehand, since the Assessing Officer may as per section 139C require an assesses to furnish these documents at any time after the filing of return.

The following documents are very useful as a proof in support of your income or expenditures whenever demanded by A.O.

1.   Statement of computation of Income and Tax.

2.   TDS certificates in form 16 or 16A as applicable.

3.   Certificates/Receipts of payment of insurance premium, Provident fund, Purchase of NSCs, New equity shares, Mutual funds, NSS, Medical Insurance, Donation, etc. in support of deduction claimed.

4.  Audit Report, Balance Sheet, Trading, Profit and Loss Account, Personal Account of prop. or partners.

5.  Statement of Receipts and payment where no regular of books of accounts are maintained.

6.  Tax audit report u/s 44AB wherever required.

7.  Certificate of interest on housing loan from the lender, in support of deduction from house property income.

8.  Other documents/Statements in support of income and expenditure.