It isn’t a hassle anymore to file income taxes. Long lines are no longer a thing, and deadlines aren’t as stressful as they once were.
Online filing, or e-filing, enables you to file returns from the convenience of your home or office.
To file your Income tax returns online, follow these steps:
|
Sr No. |
Steps |
Guide To File ITR Online |
| Step 1 | Visit the portal by logging in | Register for an account using your Permanent Account Number (PAN), which will serve as your user id, on the Income Tax Department’s online filing portal ( www.incometaxindiaefiling.gov.in ). |
| Step 2 | Forms for ITRs can be downloaded here | In the ‘Download’ tab, click the appropriate Income Tax Return (ITR) form under the relevant assessment year. For salaried individuals, download the ITR-1 software (Sahaj). |
| Step 3 | Form 16 should be filled out with details | Follow the instructions and enter all Form 16 details into the Return Preparation Software (Excel utility). |
| Step 4 | Ensure that all relevant tax information is calculated | If you don’t have a tax liability, skip this step. Prepare the tax return by calculating the tax payable, paying the tax, and entering the details of the challan. |
| Step 5 | Verify the information above | Your computer will automatically save an XML file containing the details entered by you. |
| Step 6 | Submit return | The XML file should be uploaded in the ‘Submit Return’ section. |
| Step 7 | An electronic signature | As soon as you are prompted, you can digitally sign the file. It is okay to skip this step if you don’t have a digital signature. |
| Step 8 | Verification of ITR confirmation | As soon as the e-filing has been completed, you will see a message on your screen confirming successful e-filing. You will be able to download the acknowledgement form – ITR-Verification and it will also be emailed to your registered email address. |
| Step 9 | Return by e-verification | In addition to Netbanking and ATM, you can also use Aadhaar OTP, bank account numbers, demat account numbers, registered mobile numbers and email addresses to e-verify your return. As a result of e-verification, CPC, Bengaluru does not require a physical copy of the ITR-5 acknowledgement.
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What is the process for downloading income tax returns?
For taxpayers to avoid last-minute stress and penalties, it is crucial to file their ITR on time. Taxpayers can verify the validity and legitimacy of e-filing by using the income tax verification form that is generated by the IT department once they have filed their ITR. It is only applicable to returns that have not been digitally signed.
In just a few steps, you can download the income tax return verification form.
1.) Log in to the Income Tax India website https://portal.incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html?lang=eng
2.) Select the ‘View Returns/ Forms’ option to view the e-filed returns
Select option Income tax returns
This page will display information about all the years for which returns have been filed
1.) Download the ITR-V by clicking on the acknowledgement number.
2.) Select ‘ITR-V Acknowledgement’ to begin the download
3.) To open the downloaded document, enter your PAN number, along with your birthdate, as your password.
For example-
PAN – JP2345P
Birthdate – 31/12/1980
Password – asijp2345p31121980
- CPC Bangalore must receive your printed and signed document within 120 days of your e-filing. You can also verify your income tax return using Aadhaar OTP, net banking, ATM, etc.
ITR filing documents
Before you start your e-filing process, you should have all your relevant documents handy.
- Savings account passbooks from banks and post offices, PPF account passbooks
- Payslips
- PAN card, Aadhar card
- Form-16
– Your employer’s TDS certificate showing your salary and the TDS deducted from it, if any
Postal and bank interest certificates
- Form-16A
in case TDS is deducted from deposits other than salaries like interest received from fixed deposits, recurring deposits, etc. over the specified limits - Form-16B
showing the amount deducted from the buyer’s payment if you have sold a property - Form-16C
requesting disclosure of any TDS deducted from the rent you received from your tenant - Form 26AS
Consolidated annual tax statement.This statement containss all thedetailsn about your taxes.N
- a) Your employer’s TDS deduction
- b) Banks’ TDS deductions
- c) If any other organizations deduct TDS from your payments
- d) Taxes you have deposited in advance
- e) Taxes you paid on your own self-assessment
- Proofs of tax-saving investments
- The proof that you can deduct health insurance premiums for yourself and your family or interest on an education loan under sections 80D to 80U must be provided.
- Statement from the bank regarding home loans
What is the best way to check ITR status online?
Your income tax return status changes from ‘Verified’ to ‘ITR Processed’ once you have filed it and verified it.
Here’s how you can check your ITR status online after filing your tax return to find out what stage your return is at.
The first option
Login credentials not required
On the left side of the e-filing website, there is a tab for ITR status.
Following that, you are redirected to a new page where you need to enter your PAN number, ITR acknowledgment number, and captcha code.
A screen will appear once you have completed this step.
The second option
Logging in with credentials
Visit the website for e-filing.
View Returns/Forms by clicking on the option
Choose the assessment year and income tax returns from the dropdown menu
You will then be able to see the status of your filing (whether it has been verified or processed) on the screen.
You will be on the right side of the law and prevent any blocks in your financial competency if you keep the Income Tax Department informed about your income and taxability. As soon as you know whether or not you are required to file your ITR, it is important to ensure that you do so before the deadline every year.
Read more,
- How To File Income Tax Returns India?
- Different Types Of Income Tax Return Forms
- ITR filing: How to file Income Tax Returns for Businesses?