ITR filing: 9-point checklist to help you file your income tax return within 30 mins

  • July 21, 2022
  • CA Chandan Agarwal's Office

These nine steps will help you prepare your tax return and ensure a smooth filing.

As the last date for filing tax returns approaches, many taxpayers are hoping that the deadline will be extended. Our advice is not to wait till the last few days to file your return. Whether there is an extension or not, it is always better to get these things out of the way as soon as possible. If you have got all the necessary documents, why do you want to wait till the last day? Besides, filing your return has become very easy in recent years. If everything is handy, the whole process does not take more than 30 minutes. As you get ready to file, go through our checklist of nine things to keep in mind. These steps will help you prepare a flawless ITR and ensure smooth filing.

GET THE FORM 16 OR 16A FOR SALARY BREAKUP
For salaried taxpayers, the first step is to get their Form 16 or 16A from their employer. The tax forms now require the assessee to give the breakup of his gross salary, mentioning the various heads of income. You will have to mention the basic salary, HRA and other allowances, such as LTA, uniform allowance, etc. In many cases, the Form 16 will not offer a detailed breakup, but only give a gross salary figure. The taxpayer will hav ..
Read more at:
https://economictimes.indiatimes.com/wealth/tax/itr-filing-9-point-checklist-to-help-you-file-your-income-tax-return-within-30-mins/articleshow/92905428.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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