How to prepare your income tax file for AY 2024-25?
Income Tax Return (ITR) filing season for FY 2023-24 (AY 2024-25) has already started. In this important blog, we will discuss in detail how to prepare your Income Tax File, before you visit your Chartered Accountant (CA) for filing your ITR. Based on these information, your CA can also guide you, which tax regime is beneficial for you- New Tax Regime or Old Tax Regime. Following documents should be there in your ITR file, in hard copy/soft copy. (1) For salary / pension income: (a) Form 16 received from your employer / pension statement (b) If no TDS is deducted by your employer from your salary, then you may not get Form 16 from your employer. In that case, you should have salary certificate / monthly salary slips. (2) For income from house property: (a) If you have rent income from any let out house, office or shop, then latest renewed rent agreement / live and licence agreement (b) Copy of PAN and Aadhaar of the tenant(s...