I know you are very well known about filing of Income Tax Return (ITR), thereafter, you must remember 7 points to avoid penalty, interest etc. and any issues while filing your Income Tax Return (ITR).
Most of Tax-payee face the problem that what is the procedure of filing of return, but they not know the entire process of filing your income tax return (ITR). Most of us wake up only when the deadline for filing the ITRs is near, and then rush for documents. (What if you can't file your ITR in time? Check out “Missed the income tax return (ITR) filing deadline of 30th June?”). Is there something you can do right now, so that your tax return can be filed smoothly? Yes! Here is a list of 7 critical things you should do to make the income tax return filing process smooth.
Check your Income Tax Return:
- Collect Form 16
- Collect Form 16A
- Collect your bank statements
- Collect your rent receipts
- Collect home loan calculations from your bank
- Collect information about any sale of real estate
- Collect information about your stock market activity (Stocks and Mutual Funds)
As we discussed, the process of filling and filing your income tax return (ITR) form is tedious. But if you follow these guidelines, you would be best prepared for the ITR filing time, and there would be no last-minute surprises!
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