New Delhi: This yr, tax filers, filing ITR FY 2020-21 can select the New Tax Regime which has induced minor changes in all of the ITR varieties besides ITR type 7.
Whether or not a tax filer is choosing the new tax regime have to be clearly talked about. The easy declaration is for filing ITR-1 (Sahaj) whereas others should file a separate type 10IE or 10IF.
You should hold these 9 Checklist of paperwork or data for filing ITR-1 SAHAJ
1. General Information
PAN
Aadhaar card quantity
2. Salary/Pension: Form 16 from Employer(s)
3. Income from home property
Rent receipt
Housing mortgage account assertion for deduction of curiosity
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4. Other sources
Bank Statement/passbook for curiosity on saving account and on fastened deposits
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5. Claim of deduction underneath chapter VI-A
Your contribution to PF/NPS
Your Children’s faculty tuition charges
Life insurance coverage premium reciept
Stamp responsibility and registration expenses
Principal reimbursement on your property mortgage
Equity Linked Saving Scheme/Mutual funds investments
Reciept with particulars of donations eligible for 80G
The mixture quantity of deduction admissible u/s 80C, 80CCC AND 80CCD(1) and shall be restricted to most restrict of Rs 1.5 lakh.
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6. Fill up Schedule Dl in case you have made any funding/deposit/funds between April 1, 2020 to July 31, 3030 for the aim of claiming any deduction underneath Part B of Chapter VIA
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7. Tax Payment Details
Verify the tax cost particulars as accessible in your type 26AS.
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8. TDS Details
Verify the TAN particulars and the quantity of credit score accessible in your type 16 (For wage), 16A (non Salary) and 16C (Rent)
PAN/Aadhaar of Tenant
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9. Other data
Exempt earnings like agricultural earnings, dividend (just for reporting objective)
Details of all lively financial institution accounts held in India (Minimum one account must be chosen for refund credit score)
Form 10E in case reduction u/s 89 is claimed
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Also, from the evaluation yr 2021-22, the Income Tax division is putting off Excel & Java model of ITR utilities and is introducing single JSON Utility. For AY 2021-22, the ITR 1 to ITR 4 will be crammed utilizing single JSON Utility whereas mport of Prefill file is necessary in utility. User can now obtain and fill the offline utility for ITR 1 & 4 (AY 2021-22).
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#mute
