2 Replies
Sathya Hedge
(Managing Director)
(31 Points)
Replied 19 May 2016
Steps to follow to file Income Tax Returns:
Filing your income tax returns online doesn’t have to be a complicated process. Simply follow the below steps.
First, log on to IncomeTaxIndiaeFiling.gov.in And register on the website.
1.Your Permanent Account Number (PAN) is your user ID.
2.View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
3.Click on the income tax return forms and choose the financial year.
4.Download the ITR form applicable to you. If you’re exempt income exceeds Rs.5,000, the appropriate form will be ITR-2 (If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link - this has been explained below).
5.Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
6.Check the tax payable amount by clicking the 'calculate tax' tab.
7.Pay tax (if applicable) and fill in the challan details.
8.Confirm all the data provided in the worksheet by clicking the 'validate' tab.
9.Generate an XML file and save it on your desktop.
10.Go to 'upload return' on the portal's panel and upload the saved XML file.
11.A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select ‘Yes’. If you have not got digital signature, choose 'No'.
12.The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
13.Take a printout of the form ITR-V and sign it in blue ink
14.Send the form by ordinary or speed post to the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.
For More Details Visit https://www.nritaxes.com
Recent Topics
- Taxability of income in USA of resident oci holder
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
Related Threads
CAclubindia
