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A basic document check before starting the filing process could be helpful. Saakar S Yadav, Managing Director, myitreturn.com, a tax portal, said, "For salaried individuals, Form 16 is a crucial document. Secondly, if you have taken any housing loan, you should have the bank statement which mentions the exact amount of interest paid in a financial year." He further adds, “If you are filing for HRA, you would need the rent receipts.”
Self-employed individuals need a profit or loss statement in case they run a strategic business unit in which they compensate themselves through a profit sharing model. Saakar S Yadav said, "In case self-employed individuals follow a salary model in their own company, they require Form 16 A to file their returns online.”
