ITT Presentation on E-Filing of ITR. CA students helping slide and general infromation on E-filing of ITR.

1. Prepared By:-
AKHIL SETHIYA

2.  The filing of income tax return is a legal obligation of
every individual whose total income during the
previous year exceeds the maximum amount which is
not chargeable (for more details for limit of each
financial year refer Income Tax Rate / Slab) to income
tax under the provisions of Income Tax Act, 1961. The
return should be furnished in the prescribed form on
or before the due date(s).
 Usually Due date will be 31 July of assessment year for
previous financial year. Individual can also file Income
Tax Returns for previous assessment years as well.

3. Income Tax Department has introduced a convenient
way to e-file ITR online using the Internet with following
steps (its totally free - no agent involved - Individual can
do it easily):
 One time registration with valid PAN.
 Get the Excel Utility based on applicable ITR.
 Fill Excel with details using Form 16, Validate and
Generate the XML.
 Upload the XML, Get ITR-V (Receipt), Sign and
send it to IT Dept.

4.  For detailed steps of registration refer Onetime
Registration with Income Tax India E-filing Site.

5.  Filing Once you registered with Income Tax India
E-Filing site, Open Income Tax India E-site and click
on Login Here button. Login using your PAN,
password and date of birth. After login site will be
displayed as below:

6.  Click on Download ITR link under Quick Link
options. It will display ITR form Name, its description
and link of Excel Utility as below:

7.  By default it will show the current assessment year. If you
want to file Income Tax Return for another Assessment
Year then select appropriate assessment year from
dropdown displayed in above screen (You can e-file ITR for
previous 6 assessment years).
 Note: Financial Year and Assessment Year are different
terminology, so don't confuse with that. For financial year
2012-13 assessment year will be 2013-14 and so on.
 Click on appropriate link (Excel icon). It will download
ITRX_YYYY.zip file. Where X - Form No like ITR1, ITR2
etc.
YYYY - Assessment year like for 2013-14 it will be 2013.
 If your source of income is one of salary, pension, interest
income or Family pension then you need to file ITR - 1.
Most of the individual needs ITR1.

8.  Fill the Excel, Validate and Generate the XML:
 Prerequisite to Fill the ITR-1 Excel:
 FORM - 16 received from employer & other deductions. For more
details refer Understand FORM - 16
 Bank details
 Interest statements by bank FDs / NSC if any.
 Extract the zip file (downloaded from Income Tax India E-Filing
site) in one folder and Open the excel file. This
excel contains macro so enable the macro in excel before editing
the excel, for more details on how to enable macro in excel
refer Enable Macro in Excel:
 Fields marked with light green background color needs to be
filled by Individual, all other fields are calculated automatically
by excel. For detailed information about excel refer ITR1 Excel's
Detailed Description on same page.

9.  Income Details: Contains personal details (like Name, PAN,
Address etc.) and income details (which can be filled from FORM - 16).
It has three important options (Validate, Calculate Tax and XML
Generate).
Fill Personal details, Income details from FORM - 16 and Validate the
sheet.
 TDS: Contains Tax Deducted at Source by employer (which can be
again filled from FORM - 16), from other deductions (in case of income
other than salary) and Advance / Self Assessment tax payments.
 Tax paid and Verification: Contains Tax payable, paid, refundable
details. Also contains individual's bank details (in case to get refund
from Income Tax Department) and declaration.
 80G: Contains contribution of Individual towards section 80G. For
more details about Section 80 G refer Section 80G.

10. 1. Fill Personal Information, Filing Status, Income & Deduction in Income
Details sheet and click on Validate button.
2. Fill Tax Deducted at Source (TDS) details from FORM - 16 (in case of Salary and
income other than Salary) in TDS sheet. Also fill the details of Advance Tax / Self
Assessment Tax (if any) and click on Validate option.
3. Fill third (Tax Paid and Verification) sheet and click on Validate option.
4. Select the first (Income Details) sheet and click on Calculate Tax option.
5. Check third (Tax paid & Verification) sheet - 18 Tax Payable (15-17), if it contains
non zero value that means individual needs to pay that much tax to Income Tax
Department.
6. Pay this amount using NSDL site and mention details of tax payment information
in TDS sheet under Advance Tax & Self Assessment Tax Payments section.
7. If Tax Payable (15-17) in third (Tax paid & Verification) sheet is zero then click
on XML Generate option in first (Income Details) sheet. It will create one sheet
(Pre-XML Check) with Save XML button on it.
8. Click on Save XML in Pre-XML Check sheet, it will save on the same path where
Excel is located.

11.  Login on Income Tax India E Filing site using PAN,
password and Date of birth.

12.  Click on Upload Return link under Quick Link. It will
display below page:

13.  Enter PAN Select ITR Form Name: ITR-1
Assessment Year: Select the AY for which you want to e-
File.
Attach the ITR XML file . Do you want to Digitally sign? No
Click on Submit button.
 After Submit it will give link of ZIP file (which contains
ITR-V). Download this zip file and open PDF from zip file
(IT department will also email the same zip file on your
email id which is mentioned in your profile).
PDF file is ITR-V Form. ITR-V FORM is password
protected. Password will be your PAN and date of birth in
dd/mm/yyyy format.
For example: PAN is ABCDE1234A and date of birth is 01-
01-1987 then password will be abcde1234a01011987.

14.  Open the ITR-V FORM and verify it against excel /
FORM - 16. It will look like below (AY will be changed
according to your e-file):

16.  Print this ITR-V FORM and sign in VERIFICATION
section.
 Post / mail signed ITR-V FORM through Ordinary or
Speed Post to the Income Tax Department
on mentioned address within 120 days. Address will be
as below:
Income Tax Department - CPC,
Post Bag No - 1,
Electronic City Post Office,
Bengaluru - 560100,
Karnataka.

17. THANKYOU