Filing online Income Tax returns in India





Filing online IncomeTax returns is a necessity for all. E-filing is a system for submitting tax papers to the site. Tax preparation software with e-filing capabilities includes stand-alone programs or websites. Simply stating, e-filing or digitally filing is submitting your ITR Filing online. There are two ways to file your income tax returns. The usual way is the offline way, where you go to the Income Tax Department’s office to physically file your returns and second method is income tax return filing.

To upload ITR, i.e., IncomeTax Returns, there are few steps to be followed.

             Download the ITR preparation software for the related assessment year to your desktop/laptop from the “Download’s” page.

             Prepare the Return using the downloaded Software.

             Collect all the information regarding your income, tax payments, deductions, etc.

             Pre-settle the individual details and tax payments or TDS by clicking on the “Pre-fill” button.

             Compare with the information you have to ensure that nothing is left out.

             Enter all the appropriate data and click on “Calculate” to compute the tax and interest liability and final figure of Refund or Tax payable.

             If Tax is payable, do not forget to pay instantly and enter the details in the proper schedule.
             Recur the above steps so that tax payable becomes zero.

             Create and save the Income Tax Return data in XML format in the desired path or place on your laptop/ desktop.

             Login to e-filing website with- User ID, Password, Date of Birth or Date of Incorporation and enter the Captcha code.

             Go to e-file and click on “Upload Return”.

             Select the appropriate ITR, Assessment Year and XML file previously saved in the steps mentioned above, using the Browse button.

             Upload Digital Signature Certificate (DSC), if applicable.

             Please make sure that the DSC is registered with e-Filing.

             Click on the “Submit” button.

             On successful admittance, ITR-V would be displayed if DSC is not used.

             Click on the link and download the ITR-V.

             ITR-V will also be sent to the registered e-mail.

             If ITR is uploaded with DSC, the Return Filing process is complete.

             And when the return is not uploaded with DSC, the ITR-V Form should be printed, signed and submitted to CPC within 120 days from the date of e-Filing.

             The return will be processed only upon the receipt of signed ITR-V.

             Please confirm your e-mails or SMS for reminders on non-receipt of ITR-V.

             Upload Income Tax Return procedure is complete now.

Only ITR’s 1 and 4S can be filed online.

Please ensure that the DSC is registered with e-Filing.

This ends the process of preparing and submitting ITR Filing online by Taxpayer.
One is to download the application IT form, fill, save and then upload it. Another is filing the online. Only ITR 1 and ITR 4 forms, filed by the individual taxpayers, can be filled online without downloading any software. There are two ways you can file your income tax return (ITR) online.
E-filing is now compulsory for individuals and Hindu Undivided Families whose accounts have to be audited under Section 44AB of the Income Tax Act,1961. For companies, e-filing with digital signature is mandatory. You can also use the tax return preparation worksheet provided on the IT department website.

One basic benefit of using e-filing is speed. For instance, when filing your tax income, using the internet and emailing tax forms directly to the IRS will only take a few minutes.



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