9 Simple Ways to File Your Income Tax Returns

5. Check Your Bank Account Statements

You should always evaluate your bank account details before filing your returns. It will help you to pick up the right type of return forms that should be used for filing the return.

On the other hand, it will help you to categorize your income into different streams and make it easier for you to disclose your return.

6. Overseas Income

Nowadays people have started investing on overseas markets from which they will receive certain profit.

In case, if you are a person who comes under this category, make sure that you will include this under your returns as well. Do not forget that you will get applicable treaty as benefits that will help you avoid double taxation.

7. Deduction under Chapter VI

we all look for different ways to save money from paying tax but at the same time we forget to include it under the returns.

Maintaining a list of on your tax saving investments will help you with more clear information.

Also Read: 5 Steps to Follow for a Successful Financial Year What Your Bank Is Hiding From You