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Dear Taxpayers, 

The Revised ITR Forms 1-7 have been enabled on the Income Tax portal. However, the department has not yet enabled the ITR e-filing utilities. 

TDS details and Form 26AS have not been updated yet, and employers have not provided Form 16. 

Consequently, the actual filing process will commence from late May to early June. 

In the meantime, we encourage you to collate the necessary documents and information required for the filing process:

1. Salary Income:
   - Form 16 (Part A & B) from your employer(s).
   - Salary Slips

2. Interest Certificates:
   - For Savings/Fixed Deposits/Recurring Deposits, etc.

3. Capital Gains:
   - Profit & Loss (P&L) Statement from Broker
   - Details of the sale of other Capital Assets (property, gold, etc.)
   - Make sure there is separate LTCG reporting before and after July 23, 2024, due to new rules on indexation and tax rates.

4. House Property Income:
   - Basic property details
   - Rent receipts
   - Details of municipal taxes paid
   - Home loan interest certificate, if applicable

5. Business/Professional Income:
   - Bank Statements
   - Copies of invoices issued and bills received
   - Records of purchases and sales made
   - TDS Certificates
   - Any Other Supporting Documents

6. Agriculture Income Proofs, if applicable

7. Investment Proofs:
   - Life Insurance premium receipts
   - ELSS statements
   - Details of Provident Fund/Public Provident Fund contributions
   - Details of National Pension Scheme contributions
   - Health Insurance Premium Receipts
   - Details of Education Loan Repayment
   - Details of Housing Loan Repayment
   - Details of Tuition fee paid
   - Details of Donations
   - Details of any other income

8. PAN, Aadhar, and Bank details(for new clients)

Should you have any queries or require assistance in collating the documents, please do not hesitate to reach out. We are here to support you through the process.

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