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What To Bring To Your Accountant To Prepare Your Tax Return?

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By Author: Manishanil Gupta
Total Articles: 19
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As you approach the end of a financial year, income tax is a crucial thing on your mind. While there is still time for the deadline, it is smart to get your returns filed well in advance.

Having said that, it is important to know the documents that you need to prepare your tax return? There are many professionals to help you out with itr filling in Janakpuri. Yet, there are certain documents which serve as an absolute must. Let us take a look on the ones that you cannot miss:

Identification Information is a mandate

Your identity proof is vital for your tax preparer to identify and verify who you are. The best ID to carry along is your Aadhar Card. Most tax consultants in Delhi will ask for Aadhar Card number for each member of your family. This is more important if you want to claim dependents in your tax return.

Income Tax department cancels thousands of ITR every year due to lack of ID Proofs. To make the process easier, it is being suggested you to carry another ID like a driver’s licence or voter’s ID.

2. A copy of Most Recent Tax Return

There are many instances on which you are not qualified for deductions in previous year. So, keep a copy of previous documents which helps in calculating current Tax Return. Well, if you are thinking about appointing a new tax consultant then make sure to keep every record.

3. Bring along your income statement for itr filling in Janakpuri

If you are working in a company, you can acquire Form – 16 along with a tax statement.

Freelancers and self-employed professionals can also receive the same from each client. For more details on documents for self-employed or NRI taxation, there are professionals for NRI Return filling in India who can come to your aid.

4. Additional Income Statements

Have you acquired any additional income during the year? This may include an interest from deposits, rental incomes etc,. All such incomes should informed to your accountant before calculating income tax.

5. Real estate documents if applicable

There is a myriad of deductions applicable if you have a property on your name. These may include proof of home loans paid, proof of buying a house or land, taxes paid etc.
6. Proof of Expenses
Handing over your proof of expenses is important if you want to get your deductions and credits. It includes receipts, invoices, charity contributions, medical bills, tuition fees etc,.

ITR filing is one of the important yet complicated task you have to handle every year. Since we all know the laws keeps changing every year and we have to face the consequences. So, taking help from experts in ITR Filling in Janakpuri makes the entire process a breeze for you.

Why to waste time in filing tax returns and getting struck in the entire process? Contact one of the best tax consultants in Delhi and live a stress-free life. www.manishanilgupta.com are subject matter experts in tax accounting and ITR filling.

Source: https://www.quora.com/profile/Manish-Anil-Gupta-1/CA-Firm/What-to-bring-to-your-accountant-to-prepare-your-tax-return

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