What is your purpose? Making your balance sheet or preparing for filing of IT returns.


1. Collect your Form 16 from the present and past employers for the year.
2 Collect the certificate from the bank/institutioin provided housing loan for interest paid as well as the principal paid during the year.
3. Any donations made to charitable trust collect receipts.
4. Collect bank statements and TDS certificates.
5 . Collect investment details under 80C. (PPF, LIC, Mutual Funds etc etc)
6. If handicapped attach copy of 80U certificate from IT officer.
7. Medical insurance - collect details under 80D
8. Make a computation of account.

Answered by subu , an ibibo Specialist, at 3:51 PM on May 24, 2008

hi seema :-
The list is given below-
1. If you are claiming deduction for house rent allowance on account of actual rent paid, collect the rent receipts from the owner and keep them in your possession.
2. If you received any gifts during the year, please collect the gift deeds. The deeds should clearly state that you received the gift without any consideration.
3. In case you have changed employment during the financial year, you have to go back to your previous employer and collect the Form 16.
4. If you have donated to charitable trusts, obtain a receipt and also a certificate saying the trust is an approved one under Section 80G of the Income Tax Act, 1961.
5.Collect all your bank statements and TDS certificates, if any. This will help you calculate your earning from bank interest and deposit advance tax if required.
6. If you have a running home loan, you must collect the certificate of repayment of principal amount and the interest paid during the financial year from the bank.
7. If you are claiming an interest-paid deduction on an educational loan, get a certificate of repayment made in the financial year where the interest is stated separately.
8. Keep all receipts for contributions made to schemes listed under Section 80C, such as insurance payment, PPF, ELSS, and children's tuition fees.
9. In case you are claiming a deduction for any medical disability under Section 80U, do not forget to collect a certificate of disability from an authorised doctor.

Answered by shepherd , an ibibo Master, at 9:53 AM on May 20, 2008

Here we give some thing to do before financial year ends. The list is given below-
1. If you are claiming deduction for house rent allowance on account of actual rent paid, collect the rent receipts from the owner and keep them in your possession.
2. If you received any gifts during the year, please collect the gift deeds. The deeds should clearly state that you received the gift without any consideration.
3. In case you have changed employment during the financial year, you have to go back to your previous employer and collect the Form 16.
4. If you have donated to charitable trusts, obtain a receipt and also a certificate saying the trust is an approved one under Section 80G of the Income Tax Act, 1961.
5.Collect all your bank statements and TDS certificates, if any. This will help you calculate your earning from bank interest and deposit advance tax if required.
6. If you have a running home loan, you must collect the certificate of repayment of principal amount and the interest paid during the financial year from the bank.
7. If you are claiming an interest-paid deduction on an educational loan, get a certificate of repayment made in the financial year where the interest is stated separately.
8. Keep all receipts for contributions made to schemes listed under Section 80C, such as insurance payment, PPF, ELSS, and children's tuition fees.
9. In case you are claiming a deduction for any medical disability under Section 80U, do not forget to collect a certificate of disability from an authorised doctor.
10. If you are claiming deduction for payment of health insurance premium, you need to keep the premium receipt indicating that the premium was paid in cheque.

Answered by Nagendra , an ibibo Master, at 12:25 PM on May 18, 2008