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Your comprehensive document checklist for income tax return filing

  • The income tax return filing, or ITR filing, season will be here soon.
  • Before the scramble for ITR filing begins, make sure you start collecting your documents for hassle- and error-free filing.
  • Keep your documents ready by checking out our comprehensive list of documents needed for different ITR forms for FY 2022-23 (AY 2023-24).
The income tax return filing, or ITR filing, season will be here soon and with that has begun the scramble for gathering all the relevant documents to ensure the returns are filed on time.

There is actually no need to make a dash for the documents, all you need is to identify which ITR is applicable for you. Once that is done, all you have to do is go through our document checklist for the relevant ITR and tick the boxes one by one.

Here’s your comprehensive ITR document checklist for FY 2022-23 (AY 2023-24):

ITR-1 (Sahaj)

ITR-1 is applicable for resident individuals whose total income is less than or equal to ₹50 lakh. The applicable sources of income include salary or pension, a single house property (without any brought forward losses) and other sources. If agricultural income is up to ₹5,000, the assessee can use ITR-1.

Documents required:

  1. Form 16.
  2. TDS (tax deducted at source) certificate.
  3. Bank statements.
ITR-2

ITR-2 is applicable for resident individuals or a Hindu Undivided Family (HUF) whose total income exceeds ₹50 lakh. It is also applicable for resident individuals who have capital gains, or income from multiple house properties; have foreign assets or income; or hold a directorship in a company or have unlisted equity shares in their name.

Additionally, individuals for whom tax has been deducted on cash withdrawals (under section 194N) in excess of ₹1 crore also have to file their returns using ITR-2.

Documents required:

  1. Form 16, Form 16A.
  2. Details of capital gains, if any.
  3. Bank statements.
ITR-3

ITR-3 is for resident individuals or a HUF who have income from business or profession. Apart from this, if a resident individual is a director in a company, or has made any investments in unlisted equity shares, or is a partner in a firm, then ITR-3 needs to be used. Income from house property, salary or pension and other sources shall also be included.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. Form 16, Form 16A.
  4. Details of capital gains, if any.
  5. Bank statements.
ITR-4 (Sugam)

ITR-4 or Sugam is applicable for resident individuals, HUFs and partnership firms other than limited liability partnerships (LLP), who have:

  • Business income according to the presumptive income scheme under section 44AD or 44AE (up to ₹2 crore), or,
  • Professional income according to the presumptive income scheme under section 44ADA (up to ₹50 lakh), or,
  • Income from salary or pension up to ₹50 lakh, or
  • Income from a single house property up to ₹50 lakh, or
  • Income from other sources (except lottery and race horses) up to ₹50 lakh.
Essentially, if it is business income, then the gross receipts or turnover should be up to ₹2 crore. For other eligible incomes, the maximum limit is ₹50 lakh.

Documents required:

  1. Form 16, Form 16A.
  2. Bank statements.
ITR-5

ITR-5 is applicable for firms, association of persons (AOP), body of individuals (BOI), limited liability partnerships (LLP), artificial juridical person (AJP), and firms other than a LLP not claiming exemption under section 11 of the Income Tax Act.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. TDS certificate.
  4. Bank statements.
ITR-6

ITR-6 is available for companies other than those claiming exemption under section 11 of the Income Tax Act.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. TDS certificate.
  4. Bank statements.
ITR-7

ITR-7 is available for assessees required to file a return under section 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act.

Documents required:

  1. Audit report, if applicable.
  2. TDS certificate.
  3. Bank statements.
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