Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: VAT RATES :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: form 3cd :: TDS :: VAT Audit :: empanelment
 
 
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

I-T returns made simpler through e-filing
July, 22nd 2008

As July 31 the last date for filing income-tax returns for individuals, Hindu Undivided Families and other non-corporate assessees draws closer, taxpayers have started preparing themselves for the yearly ritual of poring over their documents and making hurried calls to their chartered accountants. Though e-filing of returns is not compulsory for individual taxpayers, it has picked up in a big way because of the convenience it offers.

All you need to do is to log on to the official website http://www.incometaxindiaefiling.gov.in or www.incometaxindiaefiling.gov.in, and register with your PAN, which will act as your user ID. Next, you need to identify the return form (in excel format) applicable to you and download the same. A salaried assessee with no other income (except interest from bank deposits) has to fill the form ITR 1. If he/she has also earned income by way of rent, selling a house property or stocks and so on, ITR 2 will be applicable.

The Form-16 issued by your employer will serve as a helpful guide to filling the return forms. You need to go to Tools > Macro > Security and set the security level to medium and enable the macros. Once you are done with filling the form, you need to validate all the information by clicking on the Validate key and proceed to generate an XML file, which will have to be uploaded on to the site by hitting the Submit Return key. If you have obtained a digital signature (DS) certificate, you need to upload it along with the XML file.

Once the website displays the acknowledgement details, your task can be considered complete. You can preserve a print-out of the acknowledgement slip for your records. However, in case you have submitted the return without a DS, the ITR-V form will be generated, which will have to be filled and submitted to your local income-tax office within 15 days of e-filing your return. In case you are unable to so, your return is rendered invalid. ITR-V has to be signed and submitted in duplicate.

The I-T department will retain a copy and hand over the other duly stamped copy to you. This copy will serve as a proof that you have submitted ITR-V within stipulated time. While you are not required to attach any documents like the Form-16 or TDS certificates along with ITR-V, it is advisable to attach photocopies of the same to enable the taxman assess your return easily.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions