Documents you need for a tax return with rental income

1. Tenancy agreement and monthly rent receipts
2. TIN certificate and National ID
3. Bank statements (1 July – 30 June)
4. All challans for tax deducted from rent by corporate tenants
5. Loan sanction letter and 30 June balance, if the property has a bank loan
6. Proof of rebate-eligible investments
7. Land or apartment purchase deeds, if any
8. Vehicle advance tax receipt, if any
9. Previous year’s return, if any

Allowable deductions for repairs, municipal tax and loan interest are set by the Finance Act. Keep proof of these costs.