How to E-File Your Income Tax Return (ITR)–tax guru

Clipped from: https://taxguru.in/income-tax/e-file-income-tax-return-itr.html

THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN THROUGH THE INTERNET IS KNOWN AS e-FILING.

WHO CAN e-FILE?

-Individual

-HUF

-Company/BOI/A0P/Firm/Trust/Local authority/Artificial juridical person

-External Agencies

-Tax professionals -Chartered Accountant

-Tax Deductor and Collector

-Electronic Return Filling Intermediaries

How to e-File your ITR

ADVANTAGES OF e-FILING

  • Anywhere-Anytime Filing
  • Easy, Fast and Secure
  • Faster Refunds
  • Value Added Services like Tracking of Refunds, 26AS View, E-Mail and SMS Alerts Regarding Status of Processing and Refunds
  • Immediate Acknowledgment
  • 24/7 Online Service
  • Dedicated Help Desk to Support the Queries of Assessees

ONLINE e-FILING PROCESS (ITR 1 & ITR 4)

  • Login To The E-Filing Portal And Go To ‘E-File >Income Tax Return’
  • Select The ‘Assessment Year”, ‘ITR Form Name” And -Submission Mode”
  • Select Verification Mode As Applicable
  • Fill All The Applicable Fields In The ITR
  • Enter EVC/OTP For E-Verifying Your ITR (Or)
  • Send The Signed ITR-V TO CPC For Verification
  • e-Filing Of ITR Is Now Complete

OFFLINE e-FILING PROCESS

Going Completely Online Can Be Difficult, Especially When You Have Multiple Forms With Numerous Data and Laborious Calculations. So To Ease You In, The Option To Download And Then Upload A Completed File Without The Fear Of ‘Session Timeout Also Provided.

HERE’S HOW YOU GO ABOUT THE PROCESS:

  • Download The Applicable ITR Utility From E-Filing Portal
  • Go To ‘Downloads’ (Below Log In Button) >Offline Utilities > Income Tax Return Preparation Utilities
  • Fill All The Applicable Fields In The ITR Utility And Generate The XML File
  • Login To E-Filing Portal And Go To ‘E-File’ > ‘Income Tax Return’
  • Select The ‘Assessment Year’, ‘ITR Form Name’ And ‘Submission Mode’
  • Select Verification Mode As Applicable
  • Upload The Generated XML File
  • Enter EVC/OTP For E-Verifying Your ITR (Or) Send The Signed ITR-V To CPC FOR VERIFICATION
  • e-Filing Of ITR Is Completed

e-VERIFICATION

Once you’ve Submitted Your ITR, It Is Important to Verify to Complete the Filing. E-Verification Is The Easiest Way Of Verifying Your ITR Which Saves Your Effort Of Sending Signed ITR-V To CPC Bengaluru.

HOW TO e-VERIFY

You can a-Verify using Electronic Verification code or Aadhear OTP or by logging in through net banking. EVC may be obtained using pre-validated Bank Account or pre-validated Demat Account or Bank ATM.

Hers are a few simple steps to complete the process:

  • Login to e-Filing portal and go to 3 ‘income Tax Return’
  • Click on thee-Verify’ link available against the ITR which Is to be e-Verified
  • Select e-Verification mode as applicable
  • Enter EVC/OTP for e-Verifying your ITR
  • e-Verification of ITR is complete

e-PROCEEDING

Get online and get on with live.

e-Proceeding is an electronic platform for conducting proceedings in an end-to-end manner.

All The notices/intimation/letters from the department are made available under e-Proceedings where the assessee would be able to view and submit the response along with attachments by uploading the same on e-Filing portal.

It will substantially reduce compliance burden on the assessees, enable safe storage and tracking of all e-submission made by the assessee and makes the entire process paperless.

CONDONATION REQUEST

You can provide the reason for delay in submission of ITR-V or a-Verification. In submission, you will be given an option to e-verify the return after 120 days by giving reasons for delay.

LINK AADHAAR WITH PAN

Linking Aadhaar with PAN Is Mandatory for filing the Income Tax Returns, e-Filing portal facilitates the taxpayers to link their Aadhaar with PAN.

PRE-VALIDATION OF BANK ACCOUNT

Refund is credited only in pre-validated bank account Use this facility to pre-validate your bank account for smooth crediting of your refund.

GENERATE INSTANT ONLINE PAN

Free of cost facility to generate PAN instantly based upon Miter KYC for people with Aadhar who do not have a PAN

DIN AUTHENTICATION

To authenticate any notice / order by the Income Tax Department using Document Identification Number (DIN)

VERIFICATION SERVICES

Common gateway for verifying PAN details, TAN Details and Return verification details

e-FILING VAULT

To shield your e-Filing account against any fraudulent activity or unauthorised access, e-filing Vault adds a second level of authentication which ensures higher degree of security compared to simple user ID and password.

Higher security options are available for e-Filing login and Reset Password.

One of the following options may be chosen for higher security

  • Net Banking
  • Aadhaar OTP
  • Digital Signature Certificate (DSC)
  • Bank Account EVC
  • Demat Account EVC

IMPORTANT FUNCTIONALITIES ON THE e-FILING PORTAL

FILE ONLINE RECTIFICATION

In case the taxpayer wants to seek rectification of a mistake in an order or intimation issued by the department which is apparent from the record, taxpayer can seek ‘Rectification under Section 154’.

VIEW ANNUAL TAX CREDIT STATEMENT (26 AS)

To view details of taxes paid by self or Tax deducted / collected at source.

VIEW AND RESPOND TO AN OUTSTANDING DEMAND 

The taxpayer can view and respond to Outstanding Demand online by either choosing to agree or disagree with the demand.

REFUND RE-ISSUE REQUEST

In case of refund failure, taxpayer can raise the service request in e-Filing Portal Upon receiving communication from CPC

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