Importance Of Filing ITR & Documents Required To File ITR
Points covered:
Mandatory to file ITR if annual income above basic exemption limit
Below 60 yrs = 2.5 lakhs
B/w 60yrs to 80 years = 3 lakhs
Above 80 yrs = 5 lakhs
File your returns to avoid penalties and penal interest
File ITR even if TDS has been deducted
A) Reasons to file ITR
1.Applying for Loans
2.Visa Application
3.Carry forward of losses
4.To claim refund
B) Documents required to file returns
1.PAN Card
2. Aadhaar Card
3.Form - 16
4.Form 26AS
5.Tax Saving Investment Proofs
6.Bank Account details
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