Is it necessary to upload documents while filing ITR online? Or can they be uploaded at a later date?

Income Tax ITR Filing
1

I want to file my ITR online.

My main income is from agriculture of up to Rs,45 lakhs. I have been doing delivery based trading in listed shares by taking a loan of Rs,80 lakhs. I have paid interest on the loan.

While filing the ITR, do I have to upload documents like;

  • Bank account statements
  • Capital gain/loss transaction statements
  • Interest paid on loan

Further, if they are necessary to be uploaded, can these be uploaded at a later date, since the deadline for ITR filing is just one day away and I can’t get hold of these documents in one day?

Detailed information regarding my assessment case:
I have agricultural income of up to Rs,40-45 lakhs. For this current assessment year, my only income is from Agriculture. Further, I have taken a loan of around Rs,80 lakhs and using it for delivery based stock trading in listed shares. I have only incurred losses in the delivery based trading. And also I have paid interest on that loan mentioned above. I want to show my delivery based trading as a business.

I want to carry forward the losses and show interest on loan as expenses.

Please kindly inform in this regard.

Thank you & warm regards.

2

Hi @anilswipe,

You don’t need to upload any documents or proofs while filing your ITR. You can enter the amounts and claim all expenses related to your trading, including interest on loans, and carry forward your trading losses as allowed under the Income Tax Act. You can file your ITR now without waiting for the documents.

Hope this helps!

1 Like
3

Thank you @Diti_Savalia

4

While filing ITR online, uploading documents isn’t required initially. Details must be filled accurately. However, if requested by the Income Tax Department, supporting documents can be uploaded later for verification.

5

No, uploading documents is not necessary while filing ITR online; you can file first and keep the supporting documents for future verification if required. The income tax department may ask for them later, but they are not uploaded during initial filing.