ITR Return Form

यहाँ पर हम आपको कैसे इ फाइल RETURN ONLINE कैसे करते है उसकी जानकारी देंगे आप टैक्स कंसलटेंट नहीं हो तब भी आप अपना INCOMETAX RETURN ONLINE FILE कर सकते है 

 

E-file IT Returns in Online

 

As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds the maximum amount not chargeable to tax, should file their income tax returns (ITR).
The process of electronically filing income tax returns is known as e-filing. You can either seek professional help or file your returns yourself from the comfort of your home by registering on the income tax department website or other websites. The due date for filing tax returns (physical or online), is July 31st.

Who should e-file income tax returns?

Online filing of tax returns is easy and can be done by most assessees.

• Assessee with a total income of Rs. 5 Lakhs and above.
• Individual/HUF resident with assets located outside India.
• An assessee required to furnish a report of audit specified under sections 10(23C) (IV), 10(23C) (v), 10(23C) (VI), 10(23C) (via), 10A, 12A (1) (b), 44AB, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E or 115JB of the Act.
• Assessee required to give a notice under Section 11(2) (a) to the assessing officer.
• A firm (which does not come under the provisions of section 44AB), AOP, BOI, Artificial Juridical Person, Cooperative Society and Local Authority (ITR 5).
• An assessee required to furnish returns U/S 139 (4B) (ITR 7).
• A resident who has signing authority in any account located outside India.
• A person who claims relief under sections 90 or 90A or deductions under section 91.
• All companies.

Types of e-Filing:

• Use Digital Signature Certificate (DSC) to e-file. It is mandatory to file IT forms using Digital Signature Certificate (DSC) by a chartered accountant.
• If you e-file without DSC, ITR V form is generated, which should then be printed, signed and submitted to CPC, Bangalore by ordinary post or speed post within 120 days from the date of e-filing.
• You can file e-file IT returns through an E-return Intermediary (ERI) with or without DSC.

Checklist for e-Filing IT Returns

There are a few prerequisites to filing your tax returns smoothly and effectively. Major points have been highlighted below.

• How to choose the right form to file your taxes electronically
It can be confusing deciding which form to submit when filing your tax returns online. The different categories of Income Tax Return (ITR) forms and who they are meant for are tabulated below.


ITR 1 (SAHAJ)	Individuals with income from salary and interest
ITR 2	Individuals and Hindu Undivided Families (HUF) not having income from business or profession
ITR 3	Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4	Individuals and HUFs having income from a proprietary business or profession
ITR 4S (SUGAM)	Individuals/HUF having income from presumptive business
ITR 5	Firms, AOPs,BOIs and LLP
ITR 6	Companies other than companies claiming exemption under section 11
ITR 7	Persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

• Check your tax credit - Form 26AS vs. Form 16
cYou should check Form 26AS before filing your returns. It shows the amount of tax deducted from your salary and deposited with the IT department by your employer. You should ensure that the tax deducted from your income as per your Form 16 matches with the figures in Form 26AS. If you file your returns without clarity on errors, you will get a notice from the IT department.

• Claim 80G, savings certificates and other deductions
You can claim extra deductions if you forgot to claim them. Similarly, you can also claim deductions under section 80G on donations made to charitable institutions.

• Interest statement - Interest on savings accounts and fixed deposits
A deduction for up to Rs.10,000 is allowed on interest earned on savings accounts. However, interest earned on bank deposits, if any, forms a part of your taxable income and is taxable at applicable slab rates.
In addition to the above, have the following at hand.


• Last year’s tax returns
•  
• Bank statements
•  
• TDS (Tax Deducted at Source) certificates
•  
• Profit and Loss (P&L) Account Statement, Balance Sheet and Audit Reports, if applicable
•  
Ensure your system is equipped with the below.


• Java Runtime Environment Version 7 Update 6 or above

How do I file e-Returns?

Fill income tax returns offline and upload XML on the official website: IncomeTaxIndiaeFiling.gov.in

Prepare and submit ITR 1 online.

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.

• Your Permanent Account Number (PAN) is your user ID.
• View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
• Click on the income tax return forms and choose the financial year.
• 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).
• Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
• Check the tax payable amount by clicking the 'calculate tax' tab.
• Pay tax (if applicable) and fill in the challan details.
• Confirm all the data provided in the worksheet by clicking the 'validate' tab.
• Generate an XML file and save it on your desktop.
• Go to 'upload return' on the portal's panel and upload the saved XML file.
• 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'.
• The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
• Take a printout of the form ITR-V and sign it in blue ink
• 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.

Steps to file ITR 1 Online:

Prepare and Submit ITR1/ITR 4S Online
You have the option to submit ITR 1/ITR 4S forms by uploading XML or by online submission

• Login to e- Filing application
• Go to 'e File' 'Prepare and Submit ITR Online'
• Select the Income Tax Return Form ITR 1/ITR 4S and the assessment year.
• Fill in the details and then click the submit button
• After submission, acknowledgement detail is displayed.
• Click on the link to view or generate a printout of acknowledgement/ITR V form

Private portals: You could also make use of several websites to file your income tax returns online. The portals typically charge fees (Rs. 250 to 300) depending on the kinds of service they offer.

Things to watch out for while e-filing:

• If the same mobile number or email address is used for more than four taxpayers, you cannot file returns on the website, unless the required change is done. For instance, in some cases, more than five returns may be filed— yours, wife, mother, mother-in-law and the Hindu undivided family (HUF) of which you are the karta, the executor of a will.
• If your name mentioned in your bank documents or official statements is even slightly different from the one given in the PAN card, the portal will consider you a different individual. In certain instances, some individuals give their father's name as their 'middle' name in their PAN card, but do not use it for their bank accounts.
• If a non-resident Indian has to file income tax returns, he will need both an India number and a foreign number.

News About E-Filing Tax Return

As E-filing looms I-T Department introduces Tax Calculator

The Income Tax Department has launched the online tax calculator in an effort to help individuals file their taxes online for the assessment year 2016-17. E-filing of taxes will take place earlier this time around and taxpayers can now use the tax calculator program on the tax department’s website to check and obtain their tax details. Tax filers are required to enter the necessary details and information as specified by the government, in order to assess their tax liability for the current assessment year. Individuals under the ITR-1 and ITR-4 categories can e-file their taxes this week, while filers under other ITR categories can follow suit very shortly.