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Thursday, April 23, 2009

How to file Income Tax return online

Everybody knows that now we can file our Income TAX return online. Still we use to search for a CA(charted accountant) to do this job. So we have decided to figure out the E-Filing process in simple steps

Goto http://incometaxindiaefiling.gov.in

If you are already registered with DIT(Directorate of Income Tax) sign in with your PAN no(as user name) and password.

---------------------------OR--------------------------

If you are e-filing your return first time or not registered with DIT follow the steps below

STEP 1 : Visit the IncometaxIndia website and register as a new user.
STEP 2 : You will have to input like PAN no, Name and Date of birth and click on the 'Register' button.
Once you click on the 'Register' button you will be taken to a form that will automatically have your address and other details (as submitted by you at the time of applying for PAN).
STEP 3 : You will just have to put your own password, telephone number, valid e-mail and click on the 'Submit' button.

And you will be taken to a page that has links for e-filing your tax returns for the corresponding assessment year "

After reaching to the page you have to follow this procedure as given below..

--> Choose which category you belong to (salaried employees with only salary income will have to download ITR-1).

--> Fill in the required data asked for in the excel sheet.(Please keep your form 16 with you while filling the details)

--> Save the excel file on your local machine. Verify and Generate XML file from the link in Excel file.

--> Click on 'Submit return' link in the middle on the left hand side to upload the saved XML file to the income tax of India's server.

--> On successful upload ,acknowledgment details would be displayed. Click on "Print" to generate printout of acknowledgment/ITR-V Form.

--> Incase the return is digitally signed, on generation of "Acknowledgment" the Return Filing process gets completed. You may take a printout of the Acknowledgment for your record.

--> Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgment cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be submitted with the local Income Tax Office withing 15 days of filing electronically. This completes the Return filing process for non-digitally signed Returns.


We always suggest to have a digital signature with you , to file your return completely online. If you want to know how to get digital signatures at cheapest price check this article

http://vikas-ke-funde.blogspot.com/2009/04/electronic-or-digital-signature-for.html


If you don't want to prepare your TAX return on your own. Then you can choose www.taxsmile.com for cheap IT return filing

Enjoy.........

7 comments:

  1. ON WHERE / ON WHICH PAGE I HAVE TO PUT MY DIGITAL SIGNATURE FOR E FILING MY RETURNS

    ReplyDelete
  2. Hi Krishna

    Youe digital signature will in a file. while uploading the return select option file with digital signature and then after uploading ITR you need to upload the signature. thats it

    Done

    ReplyDelete
  3. Thanks for sharing the steps of e-filing of income tax return.I must say that process is very much simplified.I also had filed the return online and It saved me both time and money.

    ReplyDelete
  4. This informative edition over filing itr online is actually beneficial for readers. Facts and aspects mentioned seems like quite genuine and will make income tax filing your cup of tea by making it even more simplified.

    ReplyDelete
  5. Nice information !!

    This blog post is having silent feature that help to the people. I like your blog information.

    Keep up sharing...

    Digital Signature for ITR Returns

    ReplyDelete
  6. Thanks for sharing a great article about e-Filing. It is very helpful for all blog reader and looking for such type of info. Keep up sharing...

    Digital Signature for Income Tax Return e-Filing

    ReplyDelete