There are certain documents required to be submitted and held as evidence under the Income Tax Act, 1961 and Income Tax Rules, 1962. Generally, the required document is a copy of the PAN card, a Copy of the AADHAR card, a Bank Statement / Bank passbook, Income Tax Login ID & password.

Depending on the type of income, the category the taxpayer falls under the income of the individual, the ITR form that must be submitted will vary. In case taxpayers choose the wrong form, they will have to go through the process of filing their ITR again.

Benefits
The Benefits of filing for Income Tax Returns are:

• Loans: Bank loans like education loans, vehicle loans, personal loans, can be availed easily as they require last three year’s IT returns.
• Visa: As Immigration centres scrutinize many documents and IT returns proofs is a mandatory document for visa applicants.
• Avoid penalties: Hefty amounts would be charged for non-filing of income tax returns and hence it is always better to file it to avoid legal repercussions.

Documents required for IT Return Filing:
To Ful fill IT filing in India, the following documents are necessary:

• Bank statements
• Proof of investments
• T.D.S. Certificates in Form 16 or 16A as applicable
• Documents on purchase and sale of investments/assets
• Statement of receipts and payments when no regular books are maintained
• Receipts of payment of insurance premium, provident purchase of NSCs, new equity shares, mutual fund, NSS, donations, etc. to support claimed deductions