itr filing checklist

Checklist for ITR filing

Posted by CA Pankaj Kumar Vats
On 4 Jun 2022

FY -2021-22 i.e. AY 2022-23

Financials Transactions for the Period 01.04.2021 to 31.03.2022

Documents and Information Needed for ITR filing for Salary ITR is as follows:-

  1. Basic Information
    Copy of PAN Card
    Copy of Aadhar Card
    Phone Number and Email ID
  2. Password for Income Tax Portal
  3. Bank Statement of All the Banks for the Period 01.04.2021 to 31.03.2022
  4. Form 16 Part B, in case  of Salary/Pension Income
  5. Capital Gain Statement for Sale and Purchase of Shares
  6. Nature of Business, if running the Business
  7. Document of Sale and Purchase of Property, in case there is any sale of Property 
  8. Further Information Needed
    Nature of Income under 5 heads
    Any major transaction related to property sale/purchase
    Any Investment for taking deduction:-
    – FD (more than 5 years)
    – PPF/LIC/Health Insurance/Health checkup
    – Housing loan/Education loan/Mutual fund
    – Donation made in PM CARE FUND
    – Any other investment eligible under Chapter VIA
    – Sec 80D – Health Insurance
    – Medical Treatment
    – Rent Payment, covered by Sec 80GG
  9. Whether Director in any company at any time during the Previous Year
  10. Whether holding shares of unlisted company
  11. Any Financial Interest or Income in Foreign country, or signing authority  
  12. Cash Deposit in excess of 1 crore in bank account
  13. Foreign Travel details if expenses are more than 2 lacs on it
  14. Information about Total Electricity Bill Payment, if it is in excess of Rs. 1 Lacs

Conclusion: It is always better to gather all the information and documents at one place before Filing the Income Tax Return because it will help in speeding up the process as well as enhance the accuracy of tax filing.

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