ITR Filing FY 2024–25: Keep THESE Documents Ready Before You File Your Income Tax Returns
Keywords: ITR filing 2025, Income tax return documents checklist, documents for ITR FY 2024–25, ITR guide India
🧾 Introduction
Filing your Income Tax Return (ITR) for the financial year 2024–25 (AY 2025–26) is not just a legal obligation—it’s also an essential step for hassle-free financial management, loan approvals, and refunds. To make the process smooth, it’s important to keep all necessary documents handy before filing.
Whether you’re a salaried employee, freelancer, or business owner, this complete document checklist will ensure you’re ready to file your ITR online with zero errors.
📅 Who Needs to File ITR for FY 2024–25?
You must file your ITR if:
- Your total income exceeds ₹2.5 lakh (for individuals below 60 years).
- You want to claim a refund.
- You have foreign assets or foreign income.
- You earned capital gains (e.g., stock or crypto).
- You’re a company or firm, regardless of profit/loss.
📄 Key Documents Required for ITR Filing (FY 2024–25)
Here is the categorized checklist for all taxpayers:
1. ✅ PAN Card and Aadhaar Card
- Mandatory for filing ITR.
- Your PAN must be linked to Aadhaar.
- Verify if your Aadhaar is e-KYC updated for OTP-based verification.
2. 💼 Form 16 (for Salaried Individuals)
- Issued by your employer.
- Shows details of salary paid and TDS deducted.
- Useful for auto-filing in the income tax portal.
🔹 If you switched jobs in FY 2024–25, collect Form 16 from all employers.
3. 📊 Form 26AS / AIS (Annual Information Statement)
- Available on the income tax portal.
- Lists TDS, advance tax, high-value transactions, interest earned, etc.
- Cross-verify with your bank statements, broker reports, and salary slips.
4. 🏦 Bank Account and Interest Statements
- Savings account interest is taxable.
- Use interest certificates or statements from:
- Savings bank accounts
- Fixed deposits
- Recurring deposits
🔹 Many banks offer a downloadable interest summary for ITR.
5. 📈 Capital Gains Statements
If you sold:
- Shares or mutual funds
- Real estate
- Cryptocurrency
you’ll need: - Broker-provided capital gains statement
- Purchase and sale documents
📝 Ensure that STT (Securities Transaction Tax) and holding period are accurately reported.
6. 🧾 Investment Proofs for Tax Deductions (Under 80C, 80D, etc.)
If you want to claim deductions, keep receipts for:
- LIC Premiums
- ELSS mutual funds
- PPF or EPF contributions
- Home loan principal
- Health insurance (Section 80D)
- Education loan interest (Section 80E)
- Donations (Section 80G)
7. 🏡 Home Loan Statement
- If you have a housing loan, get an interest certificate from your bank.
- Required for deduction under Section 24(b) and Section 80C (principal).
8. 🏠 Rental Income Details (If Applicable)
- Include rental income from properties.
- Deduct municipal taxes and 30% standard deduction.
- Add tenant’s PAN if applicable (especially in high-value rentals).
9. 📲 Crypto Transactions Report
- Mandatory under Schedule VDA.
- Download reports from exchanges like WazirX, CoinDCX, Binance, or use aggregators like KoinX or TaxNodes.
- Report gains/losses accurately as per Section 115BBH.
10. 💳 Business or Freelance Income Records
If you’re a freelancer or run a small business:
- Maintain invoice records, expense proofs, and GST details.
- Declare income under Presumptive Taxation (Section 44ADA/44AD) if eligible.
11. 🧮 Advance Tax and Self-Assessment Tax Challans
- If you paid advance tax, keep Challan 280 records.
- Also include any late fees or interest paid under 234A/B/C.
12. 🧑⚕️ Medical Bills (Optional Deductions)
- For preventive health check-ups or treatment of specified diseases (Section 80DDB).
- For senior citizens, additional deductions apply.
13. 👪 Dependent Details (for HUF or Senior Citizens)
- HUF Karta PAN
- Income from dependents (if clubbed)
- Pension or annuity incomes
14. 💼 Foreign Income & Assets (If Applicable)
- Must report foreign bank accounts, mutual funds, stocks.
- Required if you’re a resident Indian with global income.
15. 🧾 Rental Agreements / HRA Receipts
- For salaried individuals claiming HRA.
- Submit rent receipts or rental agreement.
🧠 Tips for Hassle-Free ITR Filing
- Use pre-filled ITR forms on the official IT portal.
- Always cross-check Form 26AS and AIS before submitting.
- Choose the correct ITR form: ITR-1 (salaried), ITR-2 (capital gains), ITR-3 (business/freelance).
- Verify ITR using Aadhaar OTP, Net Banking, or EVC within 30 days.
📌 Last Date to File ITR for FY 2024–25
The due date for ITR filing (AY 2025–26) is July 31, 2025, unless extended by the government. Failing to file can result in:
- ₹1,000 to ₹5,000 penalty
- Interest on tax due
- Loss of refund eligibility
