ITR Filing FY 2023-24 Steps To File

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File your ITR for FY 2023-24 by  July 31st to avoid late fees, Gather documents, choose the right ITR form, and claim deductions to minimize your tax burden, here are steps to do it.

1

Necessary Documents

You'll need your PAN card, Aadhaar card, bank statements, Form 16 and any other proofs for income, investments.

2

The Appropriate ITR Form

The Income Tax Department website can help you identify the correct form based on your income and filing status.

3

Income Proofs

Gather interest certificates on bank deposits, capital gains statements, and any other documents documenting your income sources.

4

Investment Proofs

If you've made any investments that qualify for tax deductions, like tax-saving mutual funds or PPF contributions collect all.

5

Deduction Proofs

Keep documents handy for deductions you want to claim, such as medical bills, rent receipts, and education  loan interest certificates.

6

E-file your ITR return online

The Income Tax Department's e-filing portal is the recommended way to file your ITR.

7

Pay any Tax Liability before Due

You can find the due date on the Income Tax Department website or consult a tax professional for guidance.