In the Income Tax Return (ITR), documents vary based on the source of income of the taxpayer. However, certain documents are mandatory for every taxpayer, regardless of how much they earn. The following ITR documents are required in FY 2021-22 (AY 2022-23).
When filing your income tax return, this is your first and foremost prerequisite. The name on the income tax PAN card must be the same as the one on your ITR. A PAN is also required for deduction of TDS and should be linked to your bank account so the income tax refund can be credited directly. Taxpayers can find their PAN numbers on a PAN card, Form 26AS, Form 16, Form 12BB, etc., issued by the Income Tax Department. Nevertheless, taxpayers can also file ITRs using Aadhaar numbers instead of PANs following the recent amendment by the government.
Identification card (Aadhar)
Aadhaar card details need to be provided by individuals during the filing of returns under Section 139AA of the Income Tax Act. Aadhaar cards are not mandatory for individuals who have applied for them, however they are required to provide the enrolment ID on their IT return filing if they have not yet received them. You can verify your income tax return online with an OTP after linking your PAN and Aadhar.
UIDAI provides Aadhar cards. If you lose or can’t find your Aadhar card, you can download it online in case you lost it.
The 16th form
This form consists of two different parts, Part A and Part B, which contain details of the salary of the employee and the number of TDS deducted from it. There are two parts to Form 16: Part A contains the details of how much tax was deducted by the employer during the financial year, and Part B contains the employer’s PAN and TAN. Part B of the form is devoted to TDS calculations like gross salary breakdown, exempt allowances, and perquisites. The TRACES logo and unique ID will appear on both Part-A and Part-B this year.
In the event that you forget to disclose your employer’s allowances, such as HRA, they will not appear on Form 16, but they can still be claimed on your ITR.
Form 16 is issued by the employer. It is a required document for filing the ITR for a salaried individual. In case you don’t have Form 16, find out how to file the ITR without it.
Form-16A, Form-16B, and Form-16C
A Form-16A is issued for TDS deducted on income other than salaries, for example, recurring deposits, fixed deposits, etc. Form-16B is issued if a person sells his property. In this form, details of the TDS deducted on the amount paid to the seller are given. The TDS certificate Form 16C reflects the TDS deducted by an individual or HUF at 5% on rent.
The deductors such as banks, contractors, etc., issue Form 16A. In contrast, the buyer issues Form 16B. In addition, if a person deducts TDS on rent, Form 16C must be provided to the payee within 15 days of submitting the Challan cum statement in Form 26QC.
You can also obtain TDS information from your Form 26AS.
Details of your bank account
It is mandatory to disclose all of your active bank accounts in the ITR. This includes your bank name, account number, IFSC, and the number of accounts you hold. In addition, one account must be selected as the primary account to assist the Income Tax Department in reimbursing your tax refund by electronic transfer. Bank details are used to verify your income disclosures, transactions of a high volume, etc. You can easily find these details in a bank passbook, checkbook, statement, or net banking account.
The 26AS form
It contains details of all the taxes you have deposited against your PAN, similar to a tax passbook. T