ITR Filing 2025: You Should Gather THESE Key Documents Before Filing Your ITR– Check List

New Delhi: The new monetary yr 2025-26 has begun and that implies it is time to get started getting ready to your Income Tax Return (ITR) submitting. Filing your ITR is necessary beneath the Income Tax Act in case your source of revenue all the way through the former monetary yr — from April 1, 2024, to March 31, 2025 — crossed the exemption restrict. To make certain a easy and hassle-free procedure, it’s vital to begin amassing and organizing your paperwork early.

Individual taxpayers who don’t seem to be required to get their accounts audited will have to record their Income Tax Return (ITR) for the Assessment Year 2025-26 by means of July 31. While submitting the ITR, you wish to have to record all assets of source of revenue — together with wage, earnings from property, capital good points, bonuses, and every other income. If your overall source of revenue exceeds the exemption restrict, submitting your ITR is necessary. Failing to take action or hiding source of revenue can result in consequences and criminal motion, as tax evasion is handled as a significant offence.

Key Documents You Should Gather Before Filing Your ITR

– Form 26AS: A consolidated tax observation to be had at the Income Tax Department’s e-filing portal. It presentations TDS, TCS, advance tax, and self-assessment tax paid all the way through the yr.

– Updated Bank Passbook: Helps examine pastime source of revenue and observe transactions. Ensures accuracy whilst reporting source of revenue on your ITR.

– Other Income Statements: Include main points of source of revenue from assets like hire, health insurance claims, or freelance paintings. These are a very powerful for claiming deductions beneath the previous tax regime.

– PAN Card: Your Permanent Account Number is needed to record ITR and is used to authenticate your identification at the tax portal.

– Home Loan Statement: Needed to assert deductions on foremost and pastime compensation beneath more than a few sections of the Income Tax Act.

– Updated Bank Details: Ensure your checking account data is proper at the e-filing portal for refund processing and verification.

– Annual Information Statement (AIS): Provides an in depth abstract of your monetary transactions together with pastime source of revenue, mutual fund investments, and inventory trades.

– Form 16: Issued by means of your employer, this record presentations wage main points and TDS deductions for the monetary yr — very important for salaried folks.//