How To File Income Tax Return FY 2018-19 !
How To File Income Tax Return FY 2018-19 !
Filing income tax returns is no longer the hassle it used to be. Gone are the long queues and endless anxiety of making the tax-filing deadline
With online filing,also called e-filing, it is convenient to file returns from the confines of your home/office and at very short notice.
Mentioned below are the broad steps to file your income tax returns online:
| Sr No. | Step | Guide To File ITR Online |
| Step 1 |
Log on to the portal
| Log on to the Income Tax Department portal (www.incometaxindiaefiling.gov.in) for filing returns online. Register using your Permanent Account Number (PAN), which will serve as the user ID. |
| Step 2 |
Download appropriate ITR form
| Under 'Download', go to e-filing under the relevant assessment year and select the appropriate Income Tax Return (ITR) form. Download ITR-1's (Sahaj) return preparation software if you are a salaried individual. |
| Step 3 |
Enter details in Form 16
|
Open the Return Preparation Software (excel utility) that you have downloaded, follow the instructions and enter all details from your Form 16.
|
Step 4
|
Compute all relevant tax details
|
Compute tax payable, pay tax and enter relevant challan details in the tax return. If you do not have a tax liability, you can skip this step.
|
Step 5
|
Confirm the above details
| Confirm the details entered by you and generate an XML file, which is automatically saved on your computer. |
| Step 6 |
Submit return
|
Go the ‘Submit Return’ section and upload the XML file.
|
Step 7
|
Digital signature
|
You can digitally sign the file on being prompted. If you do not have a digital signature, you can skip this step
|
Step 8
|
Confirmation from ITR verification
|
A message confirming successful e-filing is flashed on your screen. The acknowledgement form – ITR-Verification is generated and the same can be downloaded. It is also emailed to your registered email id.
|
| Step 9 | E-verify Return | You can e-verify the return through any one of the below six modes: 1) Netbanking, 2) Bank ATM, 3) Aadhaar OTP, 4) Bank Account Number, 5) Demat Account Number, 6) Registered Mobile Number & E-mail id. E-verification eliminates the need to send a physical copy of the ITR-5 acknowledgement to CPC, Bengaluru |
Post a Comment