Income Tax Return

Income Tax Form for year ending 31/03/2016 is available with Income Tax Departments.
http://incometaxindiaefiling.gov.in/
ITR 1 (SAHAJ) :      For Individuals having Income from Salary & Interest.
ITR 2:    For Individuals & HUFs not having Income from Business or Profession
ITR2A :    For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets
ITR 3 :  For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR4S:  For Individuals/HUF/Partnership Firm having income from presumptive business

Checklist for Filing ITR

Following documents are required to file return:

1. Last year Income Tax Return and its Acknowledgements

2. Photo copy of Form 16 (TDS Certificate)

3. Photo copy of PAN Card

4. Bank Details of all banks (IFS Code, Saving accounts number and Bank Name) or photocopy of cancel cheque of all bank accounts maintained by person

5. Address of employees (Address, Pin code, mail ID and Mobile number)

6. Bank Interest of all saving accounts and fixed deposit from bank statements

7. Income Tax user ID and Password

8. Aadhar number or Photo Copy of Aadhar Card

9. Saving and investments proof (PPF, Children education slip, LIC receipt, house loan repayments details etc)

There is practical problem with filing of Income Tax return before 31st May 2016, TDS will not be reflected in their 26AS statements and Income Tax departments provides tax credit in assessee accounts on basis of 26AS. So it is advisable for every assessee to file Income Tax return only after all TDS is reflected in 26AS.