Profits & Gains of Business or Profession

If you have income from Business or Profession then following documents required for filing the Income tax return:-

1) Bank Statement of Current Account from 1-4-2022 TO 31-3-2023

a)  If you have more than one accounts thru which you manage business transactions, kindly provide details for all the accounts

b) In case where tax Audit is applicable, Tax Audit report is also required

c) In case of sole proprietors it is likely that you have not opened separate current account then provide details of your savings account thru which you manage business transactions

2) Pan card copy

3) Aadhar card copy of Proprietor in case of Proprietorship, In other cases Aadhar copy of Partners , Directors, Trustees or Office Bearers as applicable

4) Income Tax Filing site password

5) Bank Details viz Bank Name, Account Number, IFSC Code, Type of Account (Savings or Current)

6) Valid Email id and Mobile Number to verify return filed

After filing the income tax return, we need to verify to confirm that the return filed is filed by you, hence everification process is required to be done within 30 days of filing. This is done using Aadhar OTP or Bank EVC or by sending signed physical copy of return by normal post to CPC Bangalore.