ITR filing FY2022-23: 10 documents you need to file income tax return faster - Last date to file ITR for FY 2022-23 is July 31 (2024)

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Jul 20, 2023, 03:37:52 PM IST

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Last date to file ITR for FY 2022-23 is July 31

The last date to file an income tax return (ITR) by individual taxpayers for the financial year 2022-23 is July 31, 2023. To make the ITR filing process easier, you must keep a few documents handy. Following is a list of all the documents that may be required while filing ITR for the assessment year 2023-24.

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Form 16

If you are a salaried taxpayer, Form 16 is one of the most important documents to file your ITR. It is a Tax Deducted at Source (TDS) certificate issued by your employer that has the detailed break-up of the salary and the taxes deducted and deposited on it. It is mandatory for your employer to issue Form-16 if it has deducted TDS from your salary during a financial year.

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Form 16A and other TDS certificates

Besides Form 16, a taxpayer must also collect other TDS certificates that apply to him or her. One such certificate is Form 16A. If interest earned on fixed deposits in FY2022-23 exceeds Rs 40,000 (Rs 50,000 for senior citizens), then the bank will deduct tax on it. Mutual fund companies have to issue you a Form 16A for the tax deducted on the dividends paid during the financial year, provided it exceeds Rs 5,000.

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Interest income and other interest certificates

While filing ITR, the taxpayers have to provide a break-up of the interest income received from different sources such as savings accounts, fixed deposits, etc. So, it is important to collect interest certificates from banks, post offices, and other financial institutions and report correct income details in ITR as well as claim tax deductions and exemptions for your investments.

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Annual Information Statement (AIS)

An annual Information Statement (AIS) contains details of all the financial transactions conducted by an individual in a particular financial year. You must download and verify the financial transactions from AIS to ensure that all the incomes declared in the statement are reported in the ITR form as applicable to you.

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Form 26AS

Individuals must download Form 26AS from the new income tax portal. Form 26AS is like a tax passbook that contains details of the taxes deducted and deposited against your PAN with the government. Individuals must cross-check the information available in Form 26AS with the information available in TDS certificates, and interest certificates.

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Tax-saving investment, expenditure proofs

It is important to collect tax-savings investment and expenditure proofs to claim deduction while filing ITR. Do note that an individual can claim tax-saving investments and expenditures if they opt for the old tax regime at the time of filing ITR.

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Aadhaar number

According to section 139AA of the Income-tax Act, 1961, an individual is required to quote his/her Aadhaar number while filing ITR. If you don't have your Aadhaar number yet but have applied for the same, then you would be required to quote your enrolment ID in the ITR form.

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Bank account details

It is mandatory to provide details of the bank account(s) held by you during FY 2022-23. Even if you have closed your account during the financial year, you will have to report it. You are required to mention your bank name, account number, account type, and IFS code. Further, the bank account must be pre-validated to get the credit of income tax refund.

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