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1. PROJECT
ICITSS
Submitted To :
Mr.Chetan bhasin
Mrs. Deepa Verma
Mr. Raman Deep Singh
Mr. krisnhan Jain
Submitted by:
Batch no : 43
Group no : 04 (Roll no 34 to 45)
Batch timimgs : 2PM TO 8PM
Centre name Vishwas Nagar
E-FILING

2. Acknowledgment

3. 34
35
36
37
38
39
40
41
42
43
PARTICIPANTS

4. • INTRODUCTION
• BENEFITS
• DIFFERENCE BETWEEN E-FILING AND PAPER FILING
• ADVANTAGES AND DISADVANTAGES
• XBRL
• DATE COLLECTION AND CONSUMPTION
• STEPS FOR E-FILING IN XBRL FORMAT
• BENEFITS OF XBRL
• WHAT IS GST RETURN
• GSTR - 1 AND GSTR - 2A
• GSTR-3 AND GSTR - 9
• HOW TO FILE RETURN AND PROCEED PAYMENT
• RETURN OF INCOME
• DUE DATE OF FILING OF ITR
• SECTION FOR FILING RETURN
• DEFAULT IN FURNISHING RETURN
• Company Law E-filling
• Pre-requisite software for e-filling
• E-filling Process
INDEX

6. WHAT IS E-FILING

10. RETURN OF INCOME
Return of income is the format in which the assessee furnishes information as to his
total income and tax payable
COMPULSORY FILING OF RETURN OF INCOME SECTION139(1)
(A) Company & Partnership Firm
(B) Individual HUF, AOP,BOI, Artificial Judicial Person
(C) Representative Assessee
(D) Every Resident and Ordinary Resident
(E) Insertion vide the Finance Act , 2019

11. (A) Company (other than company required to be
furnished report u/s 92 E)
(B) Any other person who is required to get his
accounts audited either under Income Tax Act or
under any other Act.
(c) A partner of a partnership firm whoes accounts
are requried to be audited under Income Tax Act
or any other law for time being in force .
DUE DATE OF FILING OF ITR
31st
October
of A.Y.
30th
November
of A.Y.
(D) Assessee who is
required to furnish a
REPORT u/s 92E ,i.e.
Assessee having
international
transaction .
31st
July of
A.Y.
(E) Any other assessee.

12. SECTION FOR FILING RETURN
• Original Return section 139(1) :Return filed within due dates.
• Belated Return section 139(4): Return filed after due dates.
• Revised Return section 139(5): Assesse has filed his return within the due
dates and has made any error while filing the return or furnished
incomplete details then he/she can revise the return u/s 139(5) and send
the revised ITR-V to the department.
• Defective Return section 139(9)
INTEREST CHARGES
1 REFUND : 0.5% per month or part of the month
2 Demand : 1% per month
3 Belated Return : 1% per month or part of the month u/s 234A
4 Advance tax: 1% per month u/s 234B and 234C

13. FEES FOR DEFAULT IN FURNISHING RETURN [SECTION 234F]
Where a person required to furnish a return of income
u/s 139 fails to do so within the time prescribed u/s
139(1), he shall pay, by way of fees, a sum of-
(a) Rs. 5,000 if the return is furnished on or before the
31st day of December of the assessment year;
(b) Rs. 10,000 in other case
Provided that if the total income of the person does
not exceed Rs. 5,00,000 the fees payable under this
section shall not exceed Rs. 1,000

14. The XBRL language uses
different dictionaries, known as
‘taxonomies’, to
define the specific tags used for each
standard Taxonomies differ according
to reporting purposes, the type of
information being reported and
reporting presentation
requirementsTaxonomies are the
computer-readable ‘dictionaries’ of
XBRL.
XBRL tags are formed in a
universally-accepted way,
they can be read and
processed by
any computer that has XBRL software .
Computers can treat information that
has been tagged using XBRL
‘intelligently’; they can recognize,
process, store, exchange and analyze it
automatically using software.
XBRL is a data-rich dialect of
XML (Extensible Markup
Language), the universally
preferred
language for transmitting
information via the Internet.
XBRL is a world-wide standard,
developed by an international,
non-profit-making consortium,
XBRL International Inc.
XBRL

15. Data Collection and
Reporting
Data Consumption
and Analysis
By using XBRL, companies and other
producers of financial data and
business reports can automate
the processes of data collection. For
example, data from different company
divisions with different
accounting systems can be assembled
quickly, cheaply and efficiently if the
sources of information
have been upgraded to using XBRL.
Users of data which is received electronically
in XBRL can automate its handling, cutting
out time-
consuming and costly collation and re-entry
of information .
Software can also immediately validate
the data, highlighting errors and gaps which
can immediately be addressed.

16. Pre-scrutiny of the
instance document
Steps for e-filing of financial statements in XBRL
format on MCA portal

17. • Automated data collection
• Reliable and accurate
• Time-saving process
• Analytical process
• Improved way of reporting
• Safe in data handling
• Cost-effective
• Helps in better decision making
BENEFITS
OF
XBRL

18. • GST return is a document that will contain all the details
of the sales, purchases, tax collected from sale , and tax
paid on purchase.
• All business owners and dealers who have
registered under the GST system must
file GST returns in GST PORTAL according
to the nature of their business and transactions
to avoid interest and penalities.
• Once registered person file GST
returns, he will need to pay the
resulting tax liability.

19. period.
• It is also
filled for
reporting
credit/debi
t notes
issued.
• Small
taxpayers
with ₹1.5
crore
turnover
in the
previous
• financial
year can
file for a
GST
quarterly
consisti
ng
details
of the
Inward
Suppli
es and
purcha
ses
made
by a
recipie
nt.
• Form
will be
AUTOP
OPULA
GSTR-1
GSTR-2A

20. their
GST
liabiliti
es for
a
particu
lar tax
period
and
discha
rge
these
liabiliti
es.
• It is
requir
ed to
who were
regular
taxpayers.
• Here,
the
details
of
purchas
es,
sales,
input
tax
credit
or
refund
claimed
or

21. HOW TO FILE RETURN AND
PROCEED PAYMENT?
Register
for GSTIN
Log in to the
GST portal
Returns
dashboard, select
financial year
Select return
to file
Enter details
and submit it
Check
submission
status
Tax payment
Offset
liability
confirmation
message
displayed

22. Company Law E-filling

23. Pre-requisite software for e-filling

24. E-filling Process
•

25. E-filling Process

26. •
•
•
•
•
•
•
•
•
•
LIST OF ITR

27. LIST OF ITR

28. OVERVIEW OF E-FILLING WEBSITE

29. OVERVIEW OF E-FILLING WEBSITE

30. 01
No time and place constraint in
filing returns online. E-filing
facility is available 24/7 and
you can file anytime, anywhere
at your convenience.
CONVENIENCE
02 03
E-filing systems often include
built-in validation checks and
error notifications.These features
help ensure that the submitted
documents meet the required
formatting, data entry, and
completeness criteria.
ACCURACY AND ERROR
REDUCTION
E-filing systems typically employ
robust security measures to
protect sensitive information
which provides a higher level of
security.
ADVANTAGES
ENHANCED DATA
SECURITY

31. 04 05 06
ADVANTAGES
TIME-SAVING
E-filing significantly reduces
the time required for document
processing. This leads to faster
processing times and quicker
access to relevant services or
benefits.
ENVIRONMENTAL
SUSTAINABILITY
By reducing paper usage and
transportation-related emissions, e-
filing contributes to environmental
sustainability. The digital submission
of documents helps conserve natural
resources and reduces the carbon
footprint
COST-EFFECTIVE
E-filing eliminates the need for
printing, photocopying, and
mailing paper documents, which
can be costly in terms of
materials and postage fees.

32. 01 02 03
DISADVANTAGES
E-filing is entirely reliant on
technology, and any technical
failures or system malfunctions
can disrupt the process and
taxpayers may be unable to file
their returns on time
ACCESSIBILITY
CONCERNS
E-filing assumes access to
digital resources and internet
connectivity, which may not
be available or accessible to
everyone.
LEARNING CURVE
Transitioning to e-filing may
require individuals to learn new
software or online platforms. This
can be challenging for those who
are less technologically inclined or
have limited access to digital
resources.
DEPENDENCY ON
TECHNOLOGY

33. Despite the automation and validation
features of e-filing systems, there is
still a possibility of errors. Taxpayers
might accidentally input incorrect
information or make mistakes during
the electronic filing process
04
POTENTIAL ERRORS
05
Taxpayers who encounter issues
or have complex tax situations
may find it challenging to
receive personalized guidance
or clarification when using e-
filing systems.
LIMITED SUPPORT
DISADVANTAGES

34. Company Law E-
filling
About MCA

36. E-filling Process
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37. E-filling
Process