Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 March 31 deadline is getting near. How to save income tax with tax loss harvesting?
 45-day MSME payment rule: Impact and details of Section 43B(h) explained
 Small savings schemes that offer tax benefits of up to Rs 1.5 lakh under section 80C
 RE-OPENING OF CORRECTION WINDOW FOR MAY 2024 CA EXAMINATIONS
 Powerful Upgrades, Tally 12+1 months renewal Plan and Connected Services for your growing Business - March 2024
 How innovative solutions can help fix the Sec 43B conundrum for MSMEs
 Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears
 Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What s New!
 Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
 4 tax-planning mistakes to avoid this season
 ITR 2024: Here are 8 ways by which senior citizens can save on taxes this year

10 Easy Steps to e-file Your Tax Returns
July, 30th 2014

Despite umpteen reminders, many tax-payers postpone the annual exercise of filing tax returns until July 31, the due date for completing the process.

This results in hurried visits to tax consultants and banks to prepare the returns and pay the tax.

You can avoid the hassle by simply logging on to the Income Tax department's e-filing portal to file your returns in very little time, provided you keep your bank statements and Form-16 at hand. In any case, it is mandatory for those with taxable income of over Rs 5 lakh to file their returns electronically.

So, you can do it yourself instead of relying on consultants and other service providers.

Visit the Income Tax department's e-filing portaland login or register yourself.

Your Permanent Account Number (PAN) will be your user id.

Click on 'Quick e-File ITR' on the left hand side menu & select the applicable Income Tax Return (ITR) form.

If the applicable form is ITR-1, select it and choose 2014-15 as the assessment year.

Select 'No' if you don't have a digital signature and proceed.

You will be directed to ITR -1 form, where your personal information is pre-filled.

Make changes or corrections, wherever required.

Complete the other fields like income details, tax details, Section 80G deductions and the taxes paid.

Pay Income Tax due, if any (online or by depositing the amount in the designated bank branches), recalculate the tax and hit the 'Submit' button.

If you have a digital signature, the process ends here.

Else, you will have to download the ITR-V (verification), or the acknowledgement form.

That also will be sent to your registered email id.

Print (in black ink) and sign (in blue) the ITR-V (verification) form.

Send it to Income Tax Department-CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka by ordinary or speed post within 120 days of filling your returns electronically.

 

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting