0
Visit the incometaxindia website and register as a new user. The ‘new user’ link is in the ‘Login’ section just below the image of the Indian tricolour.
You will have to input five details inside the box provided on the form and click on the ‘Register’ button. The form asks you for your permanent account number (PAN) and other personal details.
“I hope you must be at least having your PAN,” he kind of barked. “If you don’t have one then even that can be sourced online.” now furious as was waiting for the response.
Once you click on the ‘Register’ button you will be taken to a form that will automatically have your address and other details (as submitted by you for getting a PAN). You will just have to put your own password, telephone number, e-mail and click on the ‘Submit’ button.
And you will be taken to a page that has links for e-filing your tax returns for the assessment year 2006-07 and 2007-08. For those who joined the party late here’s what an assessment year is”
Assessment year is a period of 12 months starting from April 1 and ending on March 31 the following year. Previous year is the financial year immediately before the assessment year.
That’s not all
Now let’s say you click on e-filing for A.Y. 2007-08. You will be taken to a page from where you can download an excel utility that helps you file online income tax returns.
~ Choose which category you belong to (salaried employees with only salary income will have to download ITR-1).
~ Fill in the required data asked for in the excel sheet.
~ Save the excel file on your local machine.
~ Click on ‘Submit return’ link in the middle on the left hand side to upload the saved excel file to the income tax of India’s server.
Still not through
Don’t get bored yet. Though you may have spent a solid ten minutes reading this article now .it’s not that time consuming when you do it online. After uploading excel file successfully a form will pop up in your computer’s window. This is in acknowledgement that you have filed your returns online successfully. Take a print out of this form and fill in the verification part which duly needs to be posted to your nearest local income tax office.
Take due care that if you upload the file today then the income tax department should receive the verification form duly filled and signed in the next 15 days by post. If not you will have to go through the entire procedure again.
If you are already raising your eyebrows then here’s a solution to it: digital signature. This is something that will make your e-filing income tax returns really paperless.
Digital signature is like your electronic identity that confirms that the person who has submitted all the details is really ‘YOU’. Companies like Safe Scrypt will do it for you, again online and for a fee. As per the IT Act 2000 they are legally as valid as physically signed documents in any Indian court of law.
That’s about it dear readers. Call it laziness or call it convenience. Filing your income tax returns is now really possible at the click of a mouse.
What’s more you can file them anytime, anywhere; away from the prying eyes of sneaky colleagues and from within the confines of your home. Who said government offices work only 9 am to 5 pm. Online income tax returns can be filed even after 5 pm or at any time of the day or night.
Goto tax filling website :
There are so many process in Tax returns :

(I) Tax Payer

1.Individual / HUF
  • Who all pertain to this category
Individual, HUF are required to file return of income according to source from which they are deriving Income.

2. How to e-File

Steps to file form offline
  1. Download the applicable ITR form from Downloads
  2. Fill it offline
  3. Generate XML
  4. Register on e-Filing website using your PAN
  5. LOGIN to the portal.
  6. Go to e-File link – Upload Return
Or    Login to Prepare and Submit ITR Online
2.Firm
Who all pertain to this category
  1. Firm is defined in Section 2(23) of the Income Tax Act, 1961 as follows;
    1.  ”Firm” shall have the meaning assigned to it in the Indian Partnership Act, 1932 (9 of 1932), and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008.
  2. Income Tax Return prescribed for Firm is ITR 5. See details below:
  3. Who can use ITR-5
  4. This Return Form can be used by a person being a Firm, AOP, BOI, Artificial Juridical Person referred to in section 2(31) (vii), Co-operative Society and Local Authority.
  5. Who cannot use ITR-5
  6. A person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form
3.Trust
  • Who all pertain to this category
Persons including companies required to file return u/s 139(4A) or u/s 139(4B) or u/s 139(4C) or u/s 139(4D) are required to file return in ITR 7.
  • Prescribed Income Tax Returns
Taxpayer                                                                                            ITR Type
Private Discretionary Trust                                                                 5
Firm filing u/s 139(4A) or 139(4B) or 139(4C) or 139(4D)     7
 
4. Company
Who all pertain to this category
  1. Any Indian company, or
  2. Any body corporate incorporated by or under the laws of a country outside India, or
  3. Any institution, association or body which is or was assessable or was assessed as a company for any assessment year under the Indian Income-tax Act, 1922 (11 of 1922), or which is or was assessable or was assessed under this Act as a company for any assessment year commencing on or before the 1st day of April, 1970, or
  4. Any institution, association or body, whether incorporated or not and whether Indian or non-Indian, which is declared by general or special order of the Board to be a company : Provided that such institution, association or body shall be deemed to be a company only for such assessment year or assessment years (whether commencing before the 1st day of April, 1971, or on or after that date) as may be specified in the declaration
Income Tax Return prescribed for a Company is ITR 6 except for such companies as are claiming exemption u/s 11 of the Income Tax Act, 1961. See details below:
  • Who can use ITR-6 –  This return can be used by a Company
  • Who cannot use ITR-6 –  Company claiming exemption under section 11 shall not use this form.
5 .AOP / BOI / LA / Co-op Soc / AJP
  • Who all pertain to this category
    • Association of Person (AOP)/Body of Individuals (BOI)/Local Authority (LA)/Co-operative Society/Artificial Juridical Person are required to file return of income in ITR 5.
  • See details below:
           1.  Who can use ITR-5
 This Return Form can be used by a person being a Firm, AOP, BOI, Artificial Juridical Person referred to in section 2(31) (vii), Co-operative Society and Local Authority.
         2.  Who cannot use this ITR-5
A person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form
income tax return
What you can do in this application
  • View Tax Credit Statement
  • e-File Return
  • View e-Filed Return / Form
  • Download ITR-V
  • View Refund/Demand Status
  • File Rectification
  • View Rectification Status
  • Register as Legal Heir
  • Digital Signature Certificate (DSC)
  • Opt for Higher Security
(II) Tax Professionalm - Chartered Accountant
Who all pertain to this category
  1. “Chartered Accountant” means a person who is a member of the Institute of Chartered Accountants of India (ICAI) constituted under the Chartered Accountants Act, 1949 (38 of 1949).
  2. CA is required to verify and authorize various statutory Income Tax Forms under the Income Tax Law.
  3. CA is a user only to upload Forms other than ITRs.
  •   E-File Your Income Tax Returns Directly
  •   E-Payment facilitates payment of direct taxes online by taxpayers. To avail of this facility the taxpayer is required to have a net-banking account with any of the Authorized Banks.
What is e-Filing ?
The process of electronically filing Income tax Returns/Forms through the internet is known as e-Filing.
e-Filing of Returns/Forms is mandatory for
• Individual/ HUF having total income of Rupees 10 Lakhs and above for AY 2012-13 and subsequent Assessment years.
• Individual/ HUF, being resident, having assets located outside India for AY 2012-13 and subsequent Assessment years.
• Individual/ HUF/ Firm auditable u/s 44AB of the IT Act, 1961 for AY 2011-12 and subsequent Assessment years.
• All companies
Types of e-Filing
There are three ways to file Income Tax Returns electronically:
Option 1 – Use Digital Signature Certificate (DSC) to e-File. There is no further action needed, if filed with a DSC.
Option 2 – e-File without Digital Signature Certificate. In this case an ITR-V Form is generated. The Form should be printed, signed and submitted to CPC, Bangalore using Ordinary Post or Speed Post (without Acknowledgment) ONLY within 120 days from the date of e-Filing. There is no further action needed, if ITR-V Form is submitted.
Option 3 – e-File the Income Tax Return through an e-Return Intermediary (ERI) with or without Digital Signature Certificate (DSC).
Note:
• It is mandatory to file Income Tax Forms using Digital Signature Certificate (DSC) by a Chartered Accountant.
• The Digital Signature Certificate (DSC) used in e-Filing the Income Tax Return/Forms should be registered on e-Filing application
Pre-requisite for registration in e-Filing application
A user must register at www.incometaxindiaefiling.gov.in
Pre-requisites to register
  • PAN (Permanent Account Number)
  • Membership with ICAI – For Chartered Accountant
Registration process
- Provide PAN, Password details, Personal details as per PAN, Contact details and Digital signature (if available and applicable)
- Submit request
- On success, Activation link is sent to user through e-mail. Click on the activation link and activate e-Filing account.
Once registered, LOGIN using User ID, Password and Date of Birth/ Incorporation

How to e-File?

An Income Tax return can be e-Filed by:
-Uploading Income Tax Return- A taxpayer can e-File Income Tax Return from  ITR 1 to ITR 6.
-Submit ITR-1 Online- An Individual taxpayer can e-File Income Tax Return – ITR 1 Online.
To know more on the process, see further.
Upload Income Tax Return
Step 1 – GO TO ‘Downloads’ section and select applicable Income Tax Return Form of the relevant Assessment Year .
Step 2 – Download the excel utility of the Income Tax Return (ITR).
Step 3 – Fill the excel utility and Validate.
Step 4 – Generate an XML file and save in desired path/destination in your desktop/system.
Step 5- LOGIN to e-Filing application and GO TO –> e-File –> Upload Return.
Step 6 – Select the Income Tax Return Form and the Assessment Year.
Step 7 – Browse and Select the XML file
Step 8 – Upload Digital Signature Certificate, if available and applicable.
Step 9 – Click ‘SUBMIT’.
Step 10 – On successful upload, Acknowledgement details would be displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V Form.
Note:
1.To e-File using Digital Signature Certificate (DSC), the DSC should be registered in the application.
2.If the Income Tax Return is uploaded with DSC (digitally signed), on generation of “Acknowledgement“, the Return Filing process is complete.
3.If the return is not uploaded with a DSC (digitally signed), on successful upload of e-Return, an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC. The Return filing process shall be complete only on receipt of the ITR-V at CPC, Bangalore.
To submit ITR-1 Online
Step 1 – Login to e-Filing application
Step 2 – GO TO ‘e-File’ –> ‘Prepare and Submit Online’
Step 3 – Select the Income Tax Return Form ITR 1 and the Assessment Year.
Step 4 – Fill in the details and click the SUBMIT button
Step 5 – On successful submission, Acknowledgement detail is displayed. Click on the link to view or generate a printout of Acknowledgement/ITR-V Form.
Note:
1.To e-File using Digital Signature Certificate (DSC), the DSC should be registered in the application.
2.If the Income Tax Return is uploaded with DSC (digitally signed), on generation of “Acknowledgement“, the Return Filing process is complete.
3.If the return is not uploaded with a DSC (digitally signed), on successful upload of e-Return, an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC. The Return filing process shall be complete only on receipt of the ITR-V at CPC, Bangalore.
Value Additions to e-File Income Tax Return
Pre-Fill- Personal and Tax Information can be pre-filled in the Income Tax Return.
- Login to e-Filing application
- GO TO –> Downloads –> Download Pre-filled XML . Save the XML in the desired path/destination in your desktop/system.
- Open the Excel utility (ITR) and click the “Import Personal/Tax Details from XML” button. This will require you to select the path/destination where you have saved the XML and click OK. The details will be uploaded into your utility. You may edit the tax details, if needed
In case of ITR 1 online, ITR 1 online will open with auto-filled personal and Tax particulars
View 26 AS Statement – An annual consolidated tax statement, which is provided to the assessee is called Tax Credit Statement (Form 26AS). This statement has details of Tax Deducted at Source (TDS), Tax Collected at Source (TCS), Advance Tax/ Self Assessment Tax deposited in the bank by tax payers, and Refund details for an assessment year.
Import Previous version XML- You can import the details of the previous version into the new version of the utility using the “Import Previous Version” feature. Click the “Import Previous Version” button and select the path where the previous version is available and click OK. The data is uploaded successfully.
Additional Services
  • View Status – Income Tax Return, ITR-V, Demand/Refund, Rectification
  • View the status of your ITR, Demand/ Refund and Rectification details.
  • View e-Filed Return/Form
  • View the Income Tax Returns, ITR-V Acknowledgment Form and the uploaded XML for the last three assessment years. You can view these documents online anytime or save and print.
  • Refund Re-issue request
  • Request for refund re-issue if the Income Tax Return has been processed. If a refund is determined and it fails to reach the taxpayer then a request can be raised.
File Rectification
  • Rectify e-filed Income Tax Returns online, if required, only after completion of  Income Tax Return processing by CPC of the Income Tax department.
  • e-File Defective Income Tax Return u/s 139(9)
  • Taxpayer can e-File Income Tax Return against the Defective Notice issued to them u/s 139 (9) for AY 2011-12 and 2012-13.
New features in e-Filing
  • New users – Chartered Accountant are the new users added in the new e-Filing application. They can e-File Forms (other than ITRs) on behalf of their customers.
  • Add CA – This is a new feature wherein, an assessee can add a CA and assign/authorize the audit Forms which a CA can submit on their behalf.
  • Opt for Higher Security – User can use the “Opt for higher security”, wherein a Digital Signature Certificate is needed to login.
  • Outstanding Tax Demand – User can check the outstanding demand details for all the assessment years in “My Account” after login.
  • ITR1 online – Individual users can use this feature to prepare and submit ITR1 online. The PAN (non-editable) and Tax details (editable) are auto-filled to help in correct data to flow in.
Download ITR Forms, XML and Pre-fill XML – User can download the ITR/XML submitted for three AY and also, download and use the pre-fill XML containing the PAN and Tax details
Mobile Services – Using the browser in the mobile, users can view various status on e-filing.
Call Center – A call center is added newly to help users on any e-Filing queries.

Post a Comment

 
Top