e-filing income tax returns

e-filing income tax returns

The filing dates for tax return are just around the corner. With the introduction of e-filing or online filing of tax returns, the task has become much easier than it used to be earlier. E-filing of tax returns is a simpler options for the direct tax payers in India. There are three ways in which e-filing of tax returns can be done online:

  1. E-filing using a digital signatures. If you use this method then there is no need for a paper return to be submitted. If you don’t have a digital signature, don’t worry and read next 2 ways.
  2. E-filing without the digital signatures. By this option the ITR-V form has to be filled and signed. This form is a one-page receipt and act as a verification form.
  3. Take help from an E-filing intermediary who will do most of the task for you and makes your e-filling very easy.

Requirements to start e-filing of tax-returns

1) You need a banking account with net-banking facility.
2) Register with this website www.incometaxindiaefiling.gov.in and create a user name and password. You will be required to enter your PAN card number. Your address details will be picked from the IT department database based on your PAN number.
3) Enter other personal details. The email address is important as all communication will be done through the email id. Be careful about entering the correct personal details.
4) Once you register, an e-mail will be sent confirming registration and you have to activate your account. Once this is done, you are ready to file your income returns online. You must now download the appropriate ITR form.

Step wise process to file Income Tax Return online

1) Logon to www.incometaxindiaefiling.gov.in and enter your username and password. (see above requirements if you don’t have username/password)
2) Select the relevant Income Tax Return applicable to you.
3) Download the Return Preparation software and fill in the details of your ITR. The Income Tax India website also provides an instruction sheet on how to fill the ITR form.
4) If there is any excess tax to be paid then make an online payment and generate the challan counterfoil along with the CIN. Now complete the Income Tax Return form with the details from the challan and CIN along with the payment details and the details of the bank through which the e-payment has been made.
5) The tax filing software will then generate an XML file from the data filled by you. An XML file is a format which IT Department uses to enter the details into its database.
6) Select the appropriate form on the left side of the page and click ‘Submit return’. Browse to select the XML file generated in step 5 and click ‘Upload’. On successful uploading, acknowledgement will be shown on the screen.
7) Click on ‘Print’ to get a copy of the ITR-V form. You can also get this later as well using same username/ password.
8a) With Digital Signature – If the return has a digital signature then the filing process is complete after getting the acknowledgement and the print out is required only for personal reference.
8b) Without Digital Signatures – If you don’t have digital signature then the ITR-V form needs to be printed out by you and signed. As mentioned earlier, this is an acknowledgment as well as a verification form and all the details need to be filled in and verified. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be mailed to
Income Tax Department – CPC, Post Bag No – 1, Electronic City Post Office, Bangalore – 560100, Karnataka” BY ORDINARY POST OR SPEEDPOST ONLY within 120 days after the date of transmitting the data electronically.

Last date for filing returns

The last date to file your returns is July 31, 2011. For those who need to get their account books audited under the Income Tax Act, the last day is October 1, 2011.

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18 Comments on How to file tax returns online

  1. nagamurthy says:

    hi sir i am the principal of doddappa appa college of bca basavakalyan . i lost user name and password which your provided so please i am requesting u send again user name password for professional tax on line transcation

  2. Ela says:

    hi sir i am unable to register in IT e-filing because of poor of my sur name and my middle name. how to know that correctly.

  3. Manish says:

    Is it possible to generate a new login and password for filing online IT return?

  4. Gyen says:

    I have filed my income tax online and i have some Tax Payable. How do i make the payment? Can I pay it online?

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  7. Babu Raj says:

    Dear Sir,

    This is regarding Income tax return e-filling. I am working in Middle East (NRI) and I have deposited some amount in Domestic FD in India and receiving around Rs. 200,000/- as interest annually. In this case, please let me know whether I have file Income tax return.

    And also I have deposited some amount in FD’s in NRE also. Since there is no tax for NRE FD’s, please let me know, when I file income tax e-filing of Domestic FD’s, whether I have mention NRE FD’s also.

    Expecting your valuable advice in the return mail.

    Thanks & Regards
    Babu Raj

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