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6 Type Of Income Tax Return
Eincometaxes has set new standards in the field of tax consulting, at present tax way is providing with the most basic products such as pan card, ITR return, T.D.S refund & submission, GST, tax-free investment advice etc
Frequently Asked Questions
Helps to avoid extra interest: If you don’t file ITR, the belated return could lead to extra interest at 1% per month for the remaining tax payable by you.
For a hassle-free visa application procedure: At times visa authorities ask for copies of past tax returns, hence to apply for a visa a tax return would be required to be filed. Embassies, especially those of US, UK, Canada etc.
To buy an insurance policy with a higher cover: If insurance companies have reasons (non-compliance) to believe that you are a tax-evader, they will not give you policies with more cover.
Every taxpayer should collate all income tax related documents for filing returns. So, here is a gist of the documents required:
- Abstract of bank statements
- Proof of investments and Form 16 (Salary certificate issued by the employer)
- Form 16A / TDS certificate
- Challan of tax payment made like advance tax or self assessment tax
- Proof of investments in propertyD
- Documents on purchase and sale of investments/assets
- Collect the TDS certificate and
- Collect home loan certificate
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