Thursday 3 May 2018

Simple steps to filing income tax returns online


All the salaried individuals are eligible to file Income Tax Returns using ITR Forms from ITR-1 to ITR-4. Here are some simple steps that you can follow in order to file Income Tax Returns online: -

  • ·         In order to file your Income Tax Returns online you will have to go to the Income Tax Department’s official website.
  • ·         In case you are doing it for the first time you can click on option of 'New Registration' and you will have to first register yourself by filling all your correct details and by creating a profile and password. While creating your profile, ensure that you have an active e-mail account and you submit your working mobile number.
  • ·         Your registration process will complete once you click on the link that is mailed to you.
  • ·         In case you already have an account, you will have to click on 'Registered user'.
  • ·         Click on the ‘login’ option and enter the required information, including user ID, PAN, password, date of birth and captcha code.
  • ·         Once you sign in, you will see your dashboard. Click on the 'e-file' tab and select the 'Prepare and submit ITR online' option on the window in front of you.
  • ·         Then you will have to select the most suitable form and financial year for which you have to file the returns. Choose the pick address either from the PAN database, from previously filed return or fill in new address. The department asks you if you want to digitally sign in, to your return. If you choose 'Yes', you will have to upload your digital signature.
  • ·         After filling the form click on 'Submit'. You will be redirected to the page to fill the form selected by you. Before you fill the ITR form make sure you read the 'General Instructions' in the beginning of the form to know about the do’s and don’ts.
  • ·         Then you will have to fill in the required information in different tabs. Make sure that the Tax payable shown in the form matches with your calculations.
  • ·         After that Click on the 'Preview and Submit' button. After you do this your form will appear allowing you to preview your ITR form before you finally submit it.
  • ·         Once you click on 'Submit', your ITR Form will be uploaded and you will be asked to verify your return using the available options.
  • ·         If you have already registered with your digital signature, you will be asked to upload the same while submitting your ITR. Once it is uploaded and submitted, the process of ITR filing is completed.
  • ·         In case you do not have or have not uploaded the digital signature while filing the return, you can verify your return either electronically by using Electronic Verification Code, Aadhaar OTP or by sending a signed print out of the ITR V to CPC, Bangalore within 120 days from the date of e-filing of your Income Tax Returns.
  •  ·        An Acknowledgement or the ITR V will be e-mailed to you once your return is successfully uploaded.
  • ·         The department will process your ITR once you verify it, by sending it to CPC Bangalore. Once your ITR is processed, you will be given information on the same via an e-mail and text message on your registered mobile number.


Source:- http://allindiaitrblog.blogspot.in/2018/05/how-to-secure-income-tax-returns-e.html

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