Itr Rules: If you are in the list of & nbsp; are in the list of salaried people and want to file income tax returns, then there are some important things which are necessary for you to know. Now only filling Form 16 will not be considered sufficient, but you will demand some more evidence from the Income Tax Department. That is, earlier when your income used to come from only salary, then you used ATR-1 & Nbsp; Form 16 only for the return file.
For this, you had to give your employer company from LIC, mutual funds to health insurance as Income Tax Covered documents. In Form 16 itself, all these things used to be details, and it was enough in itself. Apart from this, no other documents had to be uploaded.
Emphasis on transparency
But, experts say that the Income Tax Department is now focusing on more transparency, so that fake claims can be stopped. So whenever you file a return, you have to keep some records with you.
If you are making claims on interest above the education loan of Section 80E, then you should have its details with the Income Tax Department, so that it can be verified from there. Apart from this, when you are claiming any Divyang depending on you under section 80 DD or 80U, then Form 10-ia, Dependent’s Pan or Aadhaar and if possible, you will have to give UDID.
Along with this, taxpayers will have to give proof to deduction section 80C, 80D and HRA, when it was not mandatory last year. That is, now according to the new Income Tax Rules, now a comprehensive record will have to be given, in which it will be a big responsibility of taxpayers to unite and maintain all types of records before the income tax file.