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How to prepare for ITR filing in 2025: Here are the documents you need to prevent tax notices

Upstox
By Upstox News Desk

4 min read | Updated on May 27, 2025, 17:38 IST

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SUMMARY

As taxpayers wait for an update on e-filing utilities, it is a good time to prepare yourself for ITR filing by gathering all the necessary documents. Doing this will ensure you have a smooth ITR filing experience. Moreover, you would be able to claim early tax refunds, if applicable, and avoid any income tax notice.

ITR filing documents

You should keep these documents handy to avoid any hassle in future

ITR filing for AY 2025-26 is delayed this year as the Income Tax Department has not yet updated the e-filing utilities on its portal.

It is expected that the Income Tax Return (ITR) filing process for FY 2024-25 (AY 2025-26) may begin in early June for all taxpayers, except salaried individuals. The latter will be able to file ITR after receiving Form 16 from their employers, which will happen around June 15.

Meanwhile, to compensate for the delay in the beginning of ITR filing, the tax department has extended the due date for returns till September 15, 2025.

As taxpayers wait for an update on e-filing utilities, it is a good time to prepare yourself for ITR filing by gathering all the necessary documents. Doing this will ensure you have a smooth ITR filing experience. Moreover, you would be able to claim early tax refunds, if applicable.

Organising the documents and all other necessary details in advance will also help in avoiding last-minute hassles and reduce errors in your ITR, which will eventually help you avoid any income tax notice in the future. Further, several changes have been introduced in the ITR filing forms this year, which makes being prepared in advance all the more necessary.

The following is a list of important documents and details that you should keep ready before ITR filing starts:

Details of salary income: You should keep Form 16 (Part A & B) from your employer(s) handy. This will be issued around mid-June. You should also keep your salary slips in a file, which will help in cross-checking the Form 16 as well as pre-filled data on the e-filing portal of the Income Tax website.
Interest and capital gain certificates: You should keep certificates for savings, fixed, and recurring deposits. If you have a home loan and you are filing taxes under the old regime, you should keep your home loan interest certificate. Tax certificate

For capital gains, you can take the Profit and Loss (P&L) statement from your broker. You should also keep the details of sales of other capital assets (property, gold, etc.) during FY 2024-25.

In case of LTCG, you have to separately report any sales before and after July 23, 2024, due to changes in tax rules in Budget 2024.

House property income: You should keep basic property details, rent receipts, municipal tax payment receipts, home loan interest certificate (if applicable).
Business/Professional Income: For this, keep bank statements, copies of invoices and bills, records of purchases and sales, TDS certificates, and any other supporting documents.
Foreign assets and Income: If you have any foreign income and assets, you should have relevant supporting documents ready for proper disclosure in the ITR.
Agricultural income: You should keep proofs (if applicable) for agriculture income ready.
Investment proofs: For claiming tax deduction under the old regime, you should documents such as life insurance premium receipts, ELSS statements, Provident Fund/Public Provident Fund details, National Pension System contributions, health insurance premium receipts, education loan repayment details, housing loan repayment details, tuition fee receipts, donation receipts, details of any other income
Identification and bank details: You should have PAN and Aadhaar linked to each other. Bank account details are also necessary for new ITR filers.
If you have filed ITR in the past, you should review your previous years’ ITRs for reference. You should also check your ITR form eligibility based on your income sources and category to avoid processing delays. We have prepared a step-by-step ITR filing guide that you can use to file ITR on the e-filing portal, once it starts.

In case you need help in compiling your documents, you should reach out to a tax professional, preferably a CA. Taking these actions early will help you file your return accurately and on time.

Upstox

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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