Mediclaim policy premium Receipt for precautionary check-ups Life Insurance premium Public Provident Fund School / college fees Repayment of Housing Loan Equity Linked Saving Scheme Mutual Funds Fixed deposits with lock-in of 5 years Payment of “Registration Fees” & “stamp Duty” for buying residential house Post office deposits
PAN Date of Birth (as mentioned in PAN) Full name (as mentioned in PAN) Fathers name (as mentioned in PAN) Address Residential status – Resident / Non-resident Mobile number E-Mail ID Aadhaar Number (Not mandatory) Bank account details
Copy of Income Tax return filed for AY 2017 – 18 (if filed) Bank statements (with remarks for each transaction) for the period 01/04/2017 to 31/03/2018 – savings and current accounts TDS certificate – Form 16 / Form 16A List of properties owned and rent agreements for rental income earned, if any Receipts of house […]
1. Loans Having filed the ITR will help individuals, like the one in the example above, when they have to apply for a vehicle loan (two-wheeler or four-wheeler). All major banks can ask for a copy of tax returns. State Bank of India asks vehicle loan applicants for the latest salary-slip showing all deductions, TDS […]
My employer did not consider my tax saving investments. This lead to excess tax deduction. ITC brought to my notice and successfully claimed refund of excess tax amount. Thank you ITC.
Earlier I used to file my Income Tax returns just looking at Form 16. I forgot to consider my investment income in the IT return. I got notice for it and had to pay tax with high interest. ITC helped me resolve the matter continued filing my Income Tax returns thereon..
Team ITC is very professional. They consider all the aspects before the Income Tax return is filed and even the charges are reasonable
Income Tax Centre has made tax return filing process very simple for me. I really don’t have to worry about it
This is where it can get tricky. As the agent, or person who set up the crowdfunding account, the money goes directly to you; however, you may or may not be the beneficiary of the funds. If you are both the agent and the beneficiary you would be responsible for reporting this income. If you […]
Distributions from 529 plans are tax-free as long as they are used to pay qualified higher education expenses for a designated beneficiary. Distributions are tax-free even if the student is claiming the American Opportunity Credit, Lifetime Learning Credit, or tax-free treatment for a Section 530 Coverdell distribution–provided the programs aren’t covering the same specific expenses. […]