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The most important things to remember at the time of filing an ITR.

Last date to file ITR is 31st July, 2024.
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Advance tax in India is a key component of the country's tax structure, promoting a balanced and systematic approach to tax payment, ensuring compliance and financial stability, and supporting economic management.

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Breaking out India's new MSME classification! Dive into the criteria for designating Micro, Small, and Medium Enterprises, which shape the landscape of our economy.

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ITR 2024: Documents For Income Tax Return Filing, Check Full List👇

ITR 2024: Documents For Income Tax Return Filing; Check Full List👇
Form 26AS (Annual Information Statement): This pre-filled statement by the Income Tax department shows various details, including tax deducted/collected at source, advance tax/self-assessment tax paid.
Aadhaar Card: Linking your Aadhaar with PAN is mandatory for filing ITR.
Form 16: Provided by your employer, it details your salary income, TDS (Tax Deducted at Source) etc.
Form 16A/16B/16C: These forms reflect TDS on other income sources like interest income.
Bank Statements: For all your bank accounts to track interest income and other transactions.
Investment Proofs like Provident Fund (PF), Public Provident Fund (PPF), Equity Linked Savings Scheme (ELSS), Life Insurance premiums, Health Insurance premiums, Fixed Deposits etc., if claiming deductions.

Optional documents:
Property Documents (if applicable)
House Rent Receipts (if claiming HRA deduction)
Form 26AS (Annual Information Statement): This pre-filled statement by the Income Tax department shows various details, including tax deducted/collected at source, advance tax/self-assessment tax paid.

The specific documents you’ll need depend on your income sources and deductions claimed. It’s always best to consult a tax advisor for personalised guidance.

Attention Reporting Entities!

The deadline to file SFT (Statement of Specified Financial Transactions) is May 31st, 2024.

Avoid penalties by filing accurately and on time.

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Dear Taxpayers,

Please link your PAN with Aadhaar by May 31st, 2024, if you haven't already, to avoid a larger tax deduction.

Please refer to CBDT Circular No.6/2024 dated April 23rd, 2024.

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ITR Filing 2024
The absence of THIS document could lead to the denial of the HRA claim

The last date to file an ITR is July 31, 2024.

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Have a look at Rajasthan budget 2024
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Happy Makar Sankranti🪁

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Discover the core of Indian consumer food firms, where market leaders do more than just satisfy appetites; they shape tastes, preferences, and lifestyles, nourishing the nation's culinary culture and economic vigour.

CBIC has announced India is to implement 28% GST on Online gaming from October 1.