E-filing Income tax
Complete guide on how to e-file ITR (Income Tax Returns) on the Income Tax For a taxpayer, it is required to file the income tax returns in order to report the income for the complete financial year along with the carrying forward losses and claiming the tax refund, etc. The income tax return form lets the taxpayer state his complete income with the tax deductions, expenses, taxes and investments etc. According to the Income Tax Act, 1961, it is compulsory for a taxpayer to file the returns every year. There is a facility provided by the Income tax department for E-filing Income tax return . Before we go into the steps of e-filing, it is important that you have the entire necessary document handy with you. Steps to be followed for Income tax e-filing The various steps to be followed for the Income tax e-filing are as follows: 1. Calculation of income and tax It is mandatory for the taxpayer to calculate the income according to the income tax laws applicab...