Queries related to ITR- How to file ITR, When to filing your ITR, etc. Get all the answers related to your ITR queries with this PPT. For filing your ITR, TDS use Taxmann's ITR Filing Software One Solution: http://taxmann.com/onesolution/. This is simple and easy to use. You can easily file your GST Returns, Income tax returns, TDS payment with this software.

1. FAQ ON INCOME
TAX RETURN

2. How to file return electronically?
Income-tax return can be filed electronically with the
help of following instructions:
(a) Visit https://incometaxindiaefiling.gov.in;
(b) Choose the appropriate ITR form suitable for your
status and source of income (Refer to FAQ No. 8) and
download excel utility or java utility from the
aforementioned website;

3. How to file return electronically?
(Contd.)
Assessees, who are required to file ITR-1 or ITR-4, may
alternatively file through "Prepare and Submit Online
ITR” link without downloading the excel or java utility
after login at the incometaxindiaefiling.gov.in.
Fill up the income-tax return in the excel utility or java
utility and generate XML file. Java utility has an option
to pre-fill the information on basis of PAN Card or
previous year's return and submit return directly
(without generating XML file) but for that one has to
create his account at income-tax e-filing portal;

4. How to file return electronically?
(Contd.)
Use the following link to create your account:
https://incometaxindiaefiling.gov.in/e-
Filing/Registration/RegistrationHome.html;
After creation of account, you need to login in and then click
on "Upload Return" option;
Select the 'assessment year' and 'form name';
Click on Choose file to select the generated XML file and
upload it;

5. How to file return electronically?
(Contd.)
Click on Choose file to select the generated XML file and
upload it;
Java utility gives an option to submit return directly, i.e.,
without generating XML file. Thus, taxpayers who are
required to file return in ITR 4, 5 or 7 or those taxpayers who
opt to file ITR 1, 2, 3 or 4Sugam in Java utility shall not follow
the instructions given above at points (e), (f) and (g).
On successful submission of ITR form a pop-up menu will be
displayed on the screen to e-verify uploaded return.

6. What are the benefits of e-filing of
return via EVC?
Taxpayer will get an option to e-verify the uploaded return
by either entering Electronic Verification Code (EVC) or an
Aadhaar based One Time Password (OTP).
This facility of e-verification has been initiated by the
income tax department in order to reduce physical
submission of signed copy of acknowledgement (i.e., ITR-V).

7. How to e-Verify Income tax return
by generating EVC?
EVC can be generated via following options:
A. Net Banking -
(i) Click on option "I do not have a EVC and I would like to
generate EVC to e-verify my return"
(ii) Then click on "EVC- Through Net Banking and click on
Continue.
(iii) Taxpayer will be logged out of e-filing portal and will be
redirected to a page where he can select the bank wherein he
has Net Banking facility.

8. How to e-Verify Income tax return
by generating EVC? (Contd.)
(iv) Login to Net Banking website and search for option for
login to e-Filing portal.
(v) Go to e-file menu and select E-Verify return.
(vi) Click on the e-Verify link against the return that has
been uploaded.

9. How to e-Verify Income tax return
by generating EVC? (Contd.)
B. Bank Account Number
EVC can be generated by Pre-validating Bank Account
Details. Taxpayer need to validate his bank account number
that is linked with his PAN.
C. Demat Account Number
EVC can be generated by Pre-validating Demat Account
Details. Taxpayer need to validate his Demat account
number that is linked with his PAN.

10. How to generate Aadhaar based
OTP to e-verify return?
Income tax return can be e-Verified by generating Aadhaar
based one-time password (OTP). Taxpayer will be required to
link his Aadhaar Number with his PAN to use this facility.
Aadhaar based OTP can be generated by following steps:
(i) Go to e-file menu, select e-Verify return.
(ii) Click on e-Verify link and select Option 3 – "I would like to
generate Aadhaar OTP to e-Verify my return"

11. How to generate Aadhaar based
OTP to e-verify return? (Contd.)
(iii) Taxpayer will get OTP on mobile number.
(iv) Enter the OTP and click on "Submit Aadhaar OTP" button

12. I don't want to e-Verify my return, can I send
the signed copy of acknowledgment?
E-verification of return is not mandatory, taxpayer can get
the printout of ITR acknowledgement (i.e., ITR-V), get it
signed and send it to "Income Tax Department - CPC, Post
Bag No - 1, Electronic City Post Office, Bangalore - 560100,
Karnataka" within 120 days of uploading the return either by
ordinary post or by speed post only.

13. I don't want to e-Verify my return, can I send
the signed copy of acknowledgment? (Contd.)
If ITR-V is not submitted within stipulated period of 120 days,
then it will be deemed that assessee has not filed the return
of income.
If assessee is using digital signature ("DSC") for uploading
the return, it is to be registered on the website beforehand. If
return is filed through DSC, assessee would not be required
to send the print-out of the acknowledgement to CPC.

14. Whether e-filing of return under electronic
verification code will do away the need of
sending physical copies of ITRV to CPC,
Bengaluru?
Now income-tax returns can be filed online via electronic
verification code. Any taxpayer who is filing return through
this mode will no longer required to send the singed copies of
ITRV to CPC, Bengaluru.

15. How can I login at
https://incometaxindiaefiling.gov.in through
Net Banking facility?
E-filing portal of Income tax department have provided a
new facility for login. Taxpayer can now use the Net
Banking facility to login at e-Filing Portal. This option is
provided at the bottom of login page.

16. How can I login at
https://incometaxindiaefiling.gov.in through
Net Banking facility? (Contd.)
When user use the net banking facility to log-in, he shall get
an OTP (one time password) in his registered mobile number,
which can be used to log-in. User shall not be required to
enter the password (created at e-filing website) and the
Captcha code. This facility shall be useful for the users who
have forgot their password and unable to reset it.

17. Whether all taxpayers who are earning income
only from salary can choose ITR-1 for filing
income-tax returns?
Yes, all taxpayers who are earning income only from salary
can choose ITR-1 for filing tax returns. However, salaried
class taxpayer cannot choose ITR-1 in following cases:
a) He has any assets located outside India;

18. Whether all taxpayers who are earning income
only from salary can choose ITR-1 for filing
income-tax returns? (Contd.)
b) He has signing authority in any account located outside
India;
c) He has agricultural income, exceeding Rs 5,000;
d) He has salary income exceeding Rs 50 lakhs.

19. Whether a firm can file ITR-4 Sugam for
presumptive income?
Yes, firms can file for presumptive income.

20. I want to opt for presumptive tax scheme
under Section 44AD and I have income from
more than one house property. Can I file return
in ITR-4?
No, you cannot file ITR-4S. Any person earning income from
more than one house property cannot file return in ITR 4.
You can report your presumptive income in ITR 3.

21. I want to opt for presumptive tax scheme
under Section 44AD and I have income from
capital gains as well. Can I file return in ITR-4?
No, you cannot file ITR-4. Any person earning capital gains
cannot file return in ITR 4. You can report your presumptive
income in ITR 3.

22. I am getting monthly pension from
government. Is my pension taxable?
Monthly pension received from any employer, either
Government or non-government would be taxable in hands
of employee under the head Salaries.

23. I am having rental income from sub-letting of
my property. Whether it is taxable as income
from house property?
It will be taxable under the head "Income from other sources"
and not under the head income from house property.

24. My employer did not deduct tax from my
salary income. Whether in such case I am
liable to pay tax on my salary income?
TDS is only a mode of early collection of tax. The ultimate
liability of paying taxes is on the person earning income and,
hence, if the employer fails to deduct tax, then it is the
liability of the employee to pay the tax on the same. Further,
if the employer has deducted less tax, then it is the liability
of the employee to pay the balance tax.

25. I am getting parking charges from my plot of
land. Whether this income is taxable under the
head income from house property?
Parking Charges will form part of your taxable income and
same shall be taxable under the head "Income from other
sources", because rental income from land is not taxable
under the head income from house property.

26. I have forgotten the login details of
https://incometaxindiaefiling.gov.in. How can I
get a new password from the Income-tax
Department?
Click on forget password or on the following link
https://incometaxindiaefiling/gov.in/e-
Filing/UserLogin/LoginHome.html;
Enter your user ID (i.e., your PAN) and the captcha (i.e., the
security random code) and click on continue;

27. If the last date to file income-tax return is a
public holiday, whether the next day would be
treated as "last date of filing"?
If the last date to file income-tax return is a public holiday,
whether the next day would be treated as "last date of
filing"? However, if department is closed on the last due date,
then the immediately next working day of the department
would be considered as the last date of filing of income-tax
return. As most of the taxpayers are required to file income-
tax return electronically, they can file return of income even
on public holidays.

28. Can I file return of income even if my income is
below taxable limits?
Yes, you can file return of income voluntarily even if your
income is less than the maximum exemption limit.

29. What documents are to be enclosed along with
the return of income?
Income-tax returns are annexure less. Hence, there is no
need to enclose any document(s) along with the return of
income. Thus, documents like TDS certificate, balance sheet,
Profit & Loss A/c, Capital A/c, proof of investments, etc., are
not to be attached along with the return of income. However,
these documents should be retained and may have to be
produced before the Assessing Officer whenever he requires
you to do so.

30. THANK YOU
Filing your Income Tax Returns with Taxmann
One Solution
Software: https://www.taxmann.com/Onesolut
ion/itr.aspx