The ITR reporting period for the fiscal year 2022–23 is already open, and taxpayers have until July 31 to file their returns both online and offline. ITR forms come in seven distinct varieties for various taxpayers. Therefore, while completing an income tax return for the assessment year 2023–2024, the relevant form must be used. Additionally, you must submit the income tax return for FY 2022–23 with these 10 essential papers in the following three heads.

ID Cards

• The Aadhaar card also acquires significant weight because it may be used to file income tax returns instead of a PAN card. According to Section 139AA of the Income Tax Act, people must also give their Aadhaar card information while filing returns. Taxpayer must supply the enrolment ID for their Aadhaar card if they have applied for one but do not yet have one. By June 30, 2023, PAN and Aadhaar must also be linked.
• When completing an income tax return, the PAN card is essential documentation. For the purpose of deducting TDS, all significant financial transactions within a fiscal year—including purchasing a property, gold, etc.—require PAN information. The income tax division issuing the paperwork.

Records

• For ITR filing, bank statements are also necessary. The income tax return must include information about your bank account, such as your name, account number, IFSC code, etc. The income tax division will handle the tax refund using the primary bank account that was chosen.
• You will require investment proof in order to claim deductions if you are filing income taxes under the previous tax code. The evidence might pertain to mutual funds, PPFs, etc. These will lower your tax obligation.
• You’ll need a rent agreement if you get any rental wealth.
• A sale deed is required when filing an income tax return if you have any capital gains during the previous fiscal year.
• Additionally, dividend warrants are required while submitting income tax returns. Companies provide dividends to shareholders from their net earnings. It increases the individual taxpayer’s yearly income.

Forms

• For paid employees to file their ITRs, Form 16 is also a crucial document. The Form 16 is used to file the income tax return. The employers provide it to the workers.
• These are the TDS certifications that your employers have provided. These documents are sent out if you have purchased, sold, or received rental revenue. The tax deductor must submit Form 16A, the buyer of real estate must submit Form 16B, and the person or HUF paying rent must submit Form 16C.
• From the income tax portal, Form 26AS may be downloaded. It is an annual tax statement that functions as a tax passbook and contains information on the taxes that have been deposited and withheld from your PAN with the government.