Procedure for filing income tax returns online

Business

15 May 2019

#FinancialBytes: How to file income tax returns (ITRs) online?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

Filing income tax returns (ITRs) on time every year is very important. The e-filing (electronic filing) of income tax returns has been made mandatory for all salaried individuals.

Here's everything you want to know about filing ITRs online.

Checklist

List of documents required for e-filing of ITRs

List of documents required for e-filing of ITRs

Before filing ITR online, one must ensure that they have all the required details and documents for the same.

These include bank account details, PAN information, salary income details, rent receipts for claiming HRA, Form 16, and pay slips. One should also have details of their house property income, home loan interest certificate, capital gains, and other income sources if any.

E-filing portal

Visit e-filing portal; log in or register for e-filing account

To start the process of ITR e-filing, one needs to visit the income tax e-filing portal (incometaxindiaefiling.gov.in).

On the website, new users should first register themselves to create an account for filing the income tax return.

However, existing users can log in to their account using their PAN as the login ID and then enter their password.

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The process

How to begin the process of ITR e-filing?

How to begin the process of ITR e-filing?

After logging in to their e-filing account, users can view their dashboard. They need to click on the "e-File" option in the menu and select Income Tax Return to begin the process.

Next, they need to enter their PAN, choose the Assessment Year, select the correct ITR form, choose the "Prepare and Submit Online" Submission Mode, and select an option for e-verifying the ITR.

ITR form

How to fill the ITR form?

In the next step, users can find the general instructions filling the ITR form.

It has five categories: General Information, Computation of Income and Tax, Tax Details, Taxes Paid and Verification, and 80G.

Under each category, users need to fill in the required information using the documents/details mentioned previously. Next, they must review the information they have provided and proceed to the next step.

Next, submit the form and e-verify the return

After filling the form, users should click on the "Preview & Submit" tab to file the ITR. Next, they should e-verify their return after which they will receive the ITR-V acknowledgment on their registered email ID; the acknowledgment is also available in their e-filing account.

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Most asked questions

What is Form 16?

Will I get Form 16 from my employer even if there is no TDS?

What is ITR-1 form? Who can fill it?

Can I file ITRs offline instead of e-filing?

More questions

What is Form 16?

Asked 2019-05-15 01:13:58 by Shreyas Patil

Answered by NewsBytes

Form 16 is the TDS certificate issued by an employer. As per the Income Tax Act, when employers deduct TDS on salaries, they are required to issue a certificate in which details of the tax deducted and deposit is certified.

Will I get Form 16 from my employer even if there is no TDS?

Asked 2019-05-15 01:13:58 by Ananya Bhatnagar

Answered by NewsBytes

Form 16 is a TDS certificate & it is issued only when there is tax deducted. Therefore, if there is no tax deducted, the employer is not required to issue Form 16 to you. The purpose of Form 16 is to serve as a proof of tax deducted and deposited on your behalf.

What is ITR-1 form? Who can fill it?

Asked 2019-05-15 01:13:58 by Charvi Jayaraman

Answered by NewsBytes

ITR-1 form or Sahaj is meant to be filled by salaried individuals. Those with an income of Rs. 50 lakh or less from their salary, one house property, and other sources like interest income. However, from this year, ITR-1 form cannot be used by any person who is either a director of a company or someone who has invested in unlisted equity shares.

Can I file ITRs offline instead of e-filing?

Asked 2019-05-15 01:13:58 by Abhinav Sengupta

Answered by NewsBytes

From this year, it's mandatory for all taxpayers to file ITRs electronically, except for super senior citizens whose age is 80 years or above in the previous year (2018-19). Taxpayers with an income less than Rs. 5 lakh in the previous year were allowed to file a physical return, but this option has now been withdrawn.

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