Verify your return - you can opt for e-Verification (recommended option – e-Verify Now) is the easiest way to verify your ITR.Ħ.File the return within the specified timelines.Choose the correct ITR before filing it else filed return will be treated as defective and you will need to file a revised ITR using the correct form.Pre-validated your bank account where you want to receive your refund.To avoid issues in filing your return and getting your refund, you must ensure you have done the following: What precautions should I take to avoid issues while filing my ITR? You will also need documents or proofs for claiming tax saving deductions u/s 80C, 80D, 80G, 80GG such as life and health insurance receipts, donation receipts, rent receipts, receipts for tuition fees etc., if the same were not considered in your Form 16.ĥ.In case you wish to claim previous year’s loss, you will need a copy of ITR-V pertaining to the previous year, disclosing the said loss.In case you want to claim any loss incurred during the current year, then you will need the relevant documents exhibiting the loss.If you have received rent from your rented house property, then you will need your tenant / local tax payment / interest on borrowed capital details (if any) to calculate income from house property.You will need your bank passbook, Fixed Deposit Receipts (FDRs) to calculate amount of interest income.If you have any capital gains transactions in shares, you will need a summary or profit / loss statement of capital gain transactions of shares or securities during a year, if any, for computation of capital gain.If you are living in rented premises, you need rent paid receipts for calculation of HRA (in case you have not submitted the same to your employer).Form 26AS could be downloaded from the e-Filing portal. You will need Form 26AS to verify TDS on salary as well as TDS other than salary.If you have earned interest on fixed deposits or saving bank account and TDS has been deducted on the same, you need TDS certificates i.e., Form 16A issued by Deductors. If you have salary income, you need Form 16 issued by your employer.Please note that option for selecting new tax regime u/s 115BAC will be available only till the due date of filing of return u/s 139(1).Ĥ. In ITR-2 of AY 2021-22, you can choose to opt for the new tax regime under section 115BAC. What are the changes in ITR-2 as compared to previous years? commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.ģ. ITR-2 cannot be filed by any individual or HUF, whose total income for the year includes income from profit and gains from business or profession, and also who has income in the nature of: Who is not eligible to file ITR-2 for AY 2021-22?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |