SlideShare a Scribd company logo
INCOME TAX ASSIGNMENT
E-FILLING OF INCOME TAX
RETURN
SUBMITTED TO:- SUBMITTED BY:-
Mr. C.S. Pandey Sagun Sarawagi
Bcom(Hons) B
Electronic Filling
INTRODUCTION
The process of submitting tax returns over the
Internet, using tax preparation software that has
been pre-approved by the relevant tax authority,
is known as e-filing. E-filling has manifold
benefits; the taxpayer can file a tax return from
the comfort of home, at any convenient time,
once the tax agency begins accepting returns.
Types of E-Filling
 Use Digital Signature Certificate to e-file. It is mandatory to
file IT forms using Digital signature Certificate by a
chartered accountant.
 If you e-file without DSC, ITR V form is generated, which
should then be printed, signed and submitted to CPC by
ordinary post or speed post within 120 days from the date
of e-filling.
 You can e-file IT returns through an E-return Intermediary
(ERI) with or without DSC.
How to file E-Return ?
 Fill income tax returns offline and upload XML on the official
website: incometaxindiaefilling.gov.in
 Prepare and submit ITR I online.
STEPS TO FOLLOW FILE INCOME TAX RETURNS:
First, logon to IncomeTaxIndiaeFilling.gov.in and register on the
website.
 Your Permanent Account Number (PAN) is your User ID.
 View your tax credit statement or Form 26AS. The TDS as per your
form 16 must tally with the figures in form 26AS.
 Click on the income tax return form and choose the financial year.
 Download the ITR form applicable to you. If you are exempt income
exceeds Rs. 5000, the appropriate form will be ITR2.
 Open excel utility and fill out the form by entering all details using
your Form 16.
 Check the payment amount by clicking ‘calculate tax Tab’.
 Pay tax and fill in the Challan details.
 Confirm all the data provided in the worksheet by clicking the validate
tab.
 Generate an XML file and save it on your desktop.
 Go to upload return on the portal’s panel and upload the saved XML
file.
 A popup will be display asking you to digitally sign the file. Upload the
digital signature.
 The acknowledgment form, IYR verification will be generated which
can be downloaded by you.
 Take a print out of the form ITR-B and sign it in Blue-Ink
 Send the form by ordinary or speed post to the income tax
department- CPC.
Steps to File ITR-1 Online
Prepare and submit ITR1/ ITR 4S Online
You have the option to submit ITR1/ ITR 4S forms by
uploading XML or by online submission.
 Login to e-filling application.
 Go to E-file. Prepare and submit ITR online.
 Select the Income Tax Return Form ITR 1/ ITR 4S and the
Assessment year.
 Fill in the details and then click the submit button.
 After submission, acknowledgement detail is displayed.
 Click on the link to view or generate a print put of
acknowledgment/ ITR V form.
Things to Watch Out For
While E-Filling
 If the same mobile number or email address is used for
more than four taxpayers, you cannot file returns on the
website, unless the required change is done.
 If you name mentioned in your bank documents or official
statements is even slightly different from the one given in
the PAN card, the portal will consider you a different
individual.
 If a non-resident Indian has to file income tax returns, he
will need both Indian number and foreign number.
Thank you

More Related Content

What's hot

E Filing Presentations : Income Tax India
E Filing Presentations : Income Tax IndiaE Filing Presentations : Income Tax India
E Filing Presentations : Income Tax India
Ranjeet Kumar
 
Incometax E-Filinf System
Incometax E-Filinf SystemIncometax E-Filinf System
Incometax E-Filinf System
vivek shah
 
E filing of transfer pricing reports
E filing of transfer pricing reportsE filing of transfer pricing reports
E filing of transfer pricing reports
Ameet Patel
 
E-filing of Tax Audit Reports
E-filing of Tax Audit ReportsE-filing of Tax Audit Reports
E-filing of Tax Audit Reports
Sudheer Paidi
 
E filing of Income tax
E filing of Income taxE filing of Income tax
E filing of Income tax
Rocky Sharma
 
Tax e filing
Tax e filingTax e filing
Tax e filing
olivetreeconsultants
 
Type of e filing efiling process
Type of e filing efiling processType of e filing efiling process
Type of e filing efiling process
Acountsinstitute
 
New Income Tax Return Forms for A.Y. 2015-16
New Income Tax Return Forms for A.Y. 2015-16 New Income Tax Return Forms for A.Y. 2015-16
New Income Tax Return Forms for A.Y. 2015-16
Chintan N. Patel
 
ITR
ITRITR
How to eFile Income Tax Returns in India
How to eFile Income Tax Returns in IndiaHow to eFile Income Tax Returns in India
How to eFile Income Tax Returns in India
eLagaan India
 
Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17
Piyali Parashari
 
User guide on e filing of itr
User guide on e filing of itrUser guide on e filing of itr
User guide on e filing of itr
TAXTriangle
 
Discuss about e-filing of it and preparation and issue of form 16 and form c.
Discuss about e-filing of it and preparation and issue of form 16 and form c. Discuss about e-filing of it and preparation and issue of form 16 and form c.
Discuss about e-filing of it and preparation and issue of form 16 and form c.
Sundar B N
 
Itr4
Itr4Itr4
E-filing of Income tax Return
E-filing of Income tax ReturnE-filing of Income tax Return
E-filing of Income tax Return
Sundar B N
 
E-Filing of Income Tax Returns
E-Filing of Income Tax ReturnsE-Filing of Income Tax Returns
E-Filing of Income Tax Returns
sandesh mundra
 
Tax return
Tax returnTax return
Tax return
Abhishek Eraiah
 
Filing tax returns - pitfalls and precautions
Filing tax returns - pitfalls and precautionsFiling tax returns - pitfalls and precautions
Filing tax returns - pitfalls and precautions
Ameet Patel
 
Income tax filing of return
Income tax   filing of returnIncome tax   filing of return
Income tax filing of return
Virender Jain
 

What's hot (19)

E Filing Presentations : Income Tax India
E Filing Presentations : Income Tax IndiaE Filing Presentations : Income Tax India
E Filing Presentations : Income Tax India
 
Incometax E-Filinf System
Incometax E-Filinf SystemIncometax E-Filinf System
Incometax E-Filinf System
 
E filing of transfer pricing reports
E filing of transfer pricing reportsE filing of transfer pricing reports
E filing of transfer pricing reports
 
E-filing of Tax Audit Reports
E-filing of Tax Audit ReportsE-filing of Tax Audit Reports
E-filing of Tax Audit Reports
 
E filing of Income tax
E filing of Income taxE filing of Income tax
E filing of Income tax
 
Tax e filing
Tax e filingTax e filing
Tax e filing
 
Type of e filing efiling process
Type of e filing efiling processType of e filing efiling process
Type of e filing efiling process
 
New Income Tax Return Forms for A.Y. 2015-16
New Income Tax Return Forms for A.Y. 2015-16 New Income Tax Return Forms for A.Y. 2015-16
New Income Tax Return Forms for A.Y. 2015-16
 
ITR
ITRITR
ITR
 
How to eFile Income Tax Returns in India
How to eFile Income Tax Returns in IndiaHow to eFile Income Tax Returns in India
How to eFile Income Tax Returns in India
 
Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17
 
User guide on e filing of itr
User guide on e filing of itrUser guide on e filing of itr
User guide on e filing of itr
 
Discuss about e-filing of it and preparation and issue of form 16 and form c.
Discuss about e-filing of it and preparation and issue of form 16 and form c. Discuss about e-filing of it and preparation and issue of form 16 and form c.
Discuss about e-filing of it and preparation and issue of form 16 and form c.
 
Itr4
Itr4Itr4
Itr4
 
E-filing of Income tax Return
E-filing of Income tax ReturnE-filing of Income tax Return
E-filing of Income tax Return
 
E-Filing of Income Tax Returns
E-Filing of Income Tax ReturnsE-Filing of Income Tax Returns
E-Filing of Income Tax Returns
 
Tax return
Tax returnTax return
Tax return
 
Filing tax returns - pitfalls and precautions
Filing tax returns - pitfalls and precautionsFiling tax returns - pitfalls and precautions
Filing tax returns - pitfalls and precautions
 
Income tax filing of return
Income tax   filing of returnIncome tax   filing of return
Income tax filing of return
 

Similar to Income Tax Filing

efile-ITR-NEW.pdf
efile-ITR-NEW.pdfefile-ITR-NEW.pdf
efile-ITR-NEW.pdf
HahJaag
 
How to do E-filing of returns
How to do E-filing of returnsHow to do E-filing of returns
How to do E-filing of returns
National Centre for Financial Education
 
ITR salary filing
ITR salary filingITR salary filing
ITR salary filing
olivetreeconsultants
 
e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax Return
Kapil Rangdal
 
Income tax return
Income tax returnIncome tax return
Income tax return
Manvesh Vats
 
Lhdn e-filing guide for e-Be
Lhdn e-filing guide for e-BeLhdn e-filing guide for e-Be
Lhdn e-filing guide for e-Be
Melly Ling
 
Efile your income tax return
Efile your income tax returnEfile your income tax return
Efile your income tax return
Chandan Singh
 
E Filing
E FilingE Filing
E Filing
bkmondal
 
E tutorial
E tutorialE tutorial
E tutorial
PSPCL
 
modified business ppt.pptx
modified business ppt.pptxmodified business ppt.pptx
modified business ppt.pptx
akash16260102
 
How to file income tax return
How to file income tax returnHow to file income tax return
How to file income tax return
Taxfreemart
 
FAQ on Income Tax Return
FAQ on Income Tax ReturnFAQ on Income Tax Return
FAQ on Income Tax Return
UpasanaTaxmann
 
Demo Of TaxYogi
Demo Of TaxYogiDemo Of TaxYogi
Demo Of TaxYogi
Hiral Thanawala
 
eFiling of Tax Audit Reports
eFiling of Tax Audit ReportseFiling of Tax Audit Reports
eFiling of Tax Audit Reports
Venugopal Gella
 
Process of Income tax E-Filing
Process of Income tax E-Filing Process of Income tax E-Filing
Process of Income tax E-Filing
yogeshTorawane
 
E filing of excise returns
E filing of excise returnsE filing of excise returns
E filing of excise returns
Vikas Jagtap
 
How to Generate an e-Way Bill Instantly in TallyPrime
How to Generate an e-Way Bill Instantly in TallyPrimeHow to Generate an e-Way Bill Instantly in TallyPrime
How to Generate an e-Way Bill Instantly in TallyPrime
Super 20 Training Institute
 
e-Return & e-Payment under MVAT Act
e-Return & e-Payment under MVAT Acte-Return & e-Payment under MVAT Act
e-Return & e-Payment under MVAT Act
Nimesh Dedhia
 
Tax computation
Tax computationTax computation
Tax computation
ghanchifarhan
 
Income Tax Return.
Income Tax Return.Income Tax Return.
Income Tax Return.
Caonweb Pvt .Ltd.
 

Similar to Income Tax Filing (20)

efile-ITR-NEW.pdf
efile-ITR-NEW.pdfefile-ITR-NEW.pdf
efile-ITR-NEW.pdf
 
How to do E-filing of returns
How to do E-filing of returnsHow to do E-filing of returns
How to do E-filing of returns
 
ITR salary filing
ITR salary filingITR salary filing
ITR salary filing
 
e filing of Income Tax Return
e filing of Income Tax Returne filing of Income Tax Return
e filing of Income Tax Return
 
Income tax return
Income tax returnIncome tax return
Income tax return
 
Lhdn e-filing guide for e-Be
Lhdn e-filing guide for e-BeLhdn e-filing guide for e-Be
Lhdn e-filing guide for e-Be
 
Efile your income tax return
Efile your income tax returnEfile your income tax return
Efile your income tax return
 
E Filing
E FilingE Filing
E Filing
 
E tutorial
E tutorialE tutorial
E tutorial
 
modified business ppt.pptx
modified business ppt.pptxmodified business ppt.pptx
modified business ppt.pptx
 
How to file income tax return
How to file income tax returnHow to file income tax return
How to file income tax return
 
FAQ on Income Tax Return
FAQ on Income Tax ReturnFAQ on Income Tax Return
FAQ on Income Tax Return
 
Demo Of TaxYogi
Demo Of TaxYogiDemo Of TaxYogi
Demo Of TaxYogi
 
eFiling of Tax Audit Reports
eFiling of Tax Audit ReportseFiling of Tax Audit Reports
eFiling of Tax Audit Reports
 
Process of Income tax E-Filing
Process of Income tax E-Filing Process of Income tax E-Filing
Process of Income tax E-Filing
 
E filing of excise returns
E filing of excise returnsE filing of excise returns
E filing of excise returns
 
How to Generate an e-Way Bill Instantly in TallyPrime
How to Generate an e-Way Bill Instantly in TallyPrimeHow to Generate an e-Way Bill Instantly in TallyPrime
How to Generate an e-Way Bill Instantly in TallyPrime
 
e-Return & e-Payment under MVAT Act
e-Return & e-Payment under MVAT Acte-Return & e-Payment under MVAT Act
e-Return & e-Payment under MVAT Act
 
Tax computation
Tax computationTax computation
Tax computation
 
Income Tax Return.
Income Tax Return.Income Tax Return.
Income Tax Return.
 

Recently uploaded

Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
egoetzinger
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
University of Calabria
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
sameer shah
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Price Vision
 
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFiTdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
nimaruinazawa258
 
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdfPensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Henry Tapper
 
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
bbeucd
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
beulahfernandes8
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Neal Brewster
 
Donald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptxDonald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptx
SerdarHudaykuliyew
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
Colin R. Turner
 
DEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for EconomicsDEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for Economics
Opanga1
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
coingabbar
 

Recently uploaded (20)

Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
 
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFiTdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
 
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdfPensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
Pensions and housing - Pensions PlayPen - 4 June 2024 v3 (1).pdf
 
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
 
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla FincorpWho Is Abhay Bhutada, MD of Poonawalla Fincorp
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
 
Donald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptxDonald Trump Presentation and his life.pptx
Donald Trump Presentation and his life.pptx
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
 
DEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for EconomicsDEMAND AND SUPPLY.docx Notes for Economics
DEMAND AND SUPPLY.docx Notes for Economics
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
 

Income Tax Filing

  • 1. INCOME TAX ASSIGNMENT E-FILLING OF INCOME TAX RETURN SUBMITTED TO:- SUBMITTED BY:- Mr. C.S. Pandey Sagun Sarawagi Bcom(Hons) B
  • 2. Electronic Filling INTRODUCTION The process of submitting tax returns over the Internet, using tax preparation software that has been pre-approved by the relevant tax authority, is known as e-filing. E-filling has manifold benefits; the taxpayer can file a tax return from the comfort of home, at any convenient time, once the tax agency begins accepting returns.
  • 3. Types of E-Filling  Use Digital Signature Certificate to e-file. It is mandatory to file IT forms using Digital signature Certificate by a chartered accountant.  If you e-file without DSC, ITR V form is generated, which should then be printed, signed and submitted to CPC by ordinary post or speed post within 120 days from the date of e-filling.  You can e-file IT returns through an E-return Intermediary (ERI) with or without DSC.
  • 4. How to file E-Return ?  Fill income tax returns offline and upload XML on the official website: incometaxindiaefilling.gov.in  Prepare and submit ITR I online. STEPS TO FOLLOW FILE INCOME TAX RETURNS: First, logon to IncomeTaxIndiaeFilling.gov.in and register on the website.  Your Permanent Account Number (PAN) is your User ID.  View your tax credit statement or Form 26AS. The TDS as per your form 16 must tally with the figures in form 26AS.  Click on the income tax return form and choose the financial year.  Download the ITR form applicable to you. If you are exempt income exceeds Rs. 5000, the appropriate form will be ITR2.
  • 5.  Open excel utility and fill out the form by entering all details using your Form 16.  Check the payment amount by clicking ‘calculate tax Tab’.  Pay tax and fill in the Challan details.  Confirm all the data provided in the worksheet by clicking the validate tab.  Generate an XML file and save it on your desktop.  Go to upload return on the portal’s panel and upload the saved XML file.  A popup will be display asking you to digitally sign the file. Upload the digital signature.  The acknowledgment form, IYR verification will be generated which can be downloaded by you.  Take a print out of the form ITR-B and sign it in Blue-Ink  Send the form by ordinary or speed post to the income tax department- CPC.
  • 6. Steps to File ITR-1 Online Prepare and submit ITR1/ ITR 4S Online You have the option to submit ITR1/ ITR 4S forms by uploading XML or by online submission.  Login to e-filling application.  Go to E-file. Prepare and submit ITR online.  Select the Income Tax Return Form ITR 1/ ITR 4S and the Assessment year.  Fill in the details and then click the submit button.  After submission, acknowledgement detail is displayed.  Click on the link to view or generate a print put of acknowledgment/ ITR V form.
  • 7. Things to Watch Out For While E-Filling  If the same mobile number or email address is used for more than four taxpayers, you cannot file returns on the website, unless the required change is done.  If you name mentioned in your bank documents or official statements is even slightly different from the one given in the PAN card, the portal will consider you a different individual.  If a non-resident Indian has to file income tax returns, he will need both Indian number and foreign number.