Earnings Tax efiling may be finished on-line by way of the Earnings Tax Web site with none price in 2 alternative ways:-
- Earnings Tax efiling by downloading the ITR Java utility or the ITR Excel Utility and furnishing particulars within the excel utility offline after which importing it on Earnings Tax Web site
- Earnings Tax efiling with out downloading the Java Utility and furnishing all particulars on-line itself.
Process for Earnings Tax efiling utilizing ITR Java Utility/ ITR Excel Utility
The Earnings Tax Division releases an up to date earnings tax software program without spending a dime yearly for earnings tax efiling on-line. The Earnings Tax Software program is launched each within the type of Excel in addition to Java Utility.
The Java Utility is a brand new kind of utility and is way simpler to file than the Excel Utility. Earlier, solely the tax utility was launched however now the Govt additionally releases a Java Utility which is way simpler to file than the Excel Utility because it fetches a number of particulars routinely and importing the returns by way of the Java Utility can be a lot simpler.
The next Article are the steps concerned for Earnings Tax efiling by downloading the Java/ Excel Utility:-
- Logon to https://www.incometaxindiaefiling.gov.in and choose the Earnings Tax Return Kind in your kind of Earnings. There are numerous totally different Earnings Tax Return kinds for various class of assessees. Advisable Learn: Which Earnings Tax Kind must you use?
- Obtain the ITR Java/ Excel Utility which pertains to your Earnings Tax Kind and furnish all particulars within the ITR Java Utility and in addition cross verify the identical with the figures as talked about in your Kind 16/ Kind 16A/ Kind 16B and Kind 26AS.
- After furnishing all particulars within the ITR Utility and validating the identical, you’ll be able to instantly add your Earnings Tax Return by way of the Java utility by logging in your account on the earnings tax web site by way of the Java Utility itself. Alternatively, it’s possible you’ll create a xml file of the Earnings Tax Return after which add this file on the earnings tax web site. (When you’ve forgotten your earnings tax efiling password, refer this text on The right way to get better earnings tax efiling password).
- On profitable add of your earnings tax return, an Acknowledgement Particulars could be displayed. An ITR-V would even be routinely generated and despatched to your registered e mail id.
- In case whereas efiling earnings tax return you used your Digitally Signatures to digitally signal the Earnings Tax Return Kind, the entire course of will get accomplished on technology of “Acknowledgement”.
- Nonetheless, in case whereas efiling earnings tax return , you didnt use Digital Signatures, on profitable importing of e-Return, the ITR-V Kind could be generated and despatched to your registered e mail id. This ITR-V Acknowledgement type must be signed by the Tax Payer and despatched to the Earnings Tax Workplace.
- From the Monetary Yr 2014-15 onwards, the government has additionally prolonged the choice of linking the Aadhar Card with the ITR Kind. As soon as the Aadhar Card and the ITR Kind have been linked, the taxpayer wont be required to bodily ship the ITR Kind to the Earnings Tax Workplace even when he didn’t use the Digital Signature to signal the shape.
Process for Earnings Tax efiling with out downloading the Excel Utility
Earnings Tax efiling can be finished with out downloading the Earnings Tax Software program and just by furnishing all the small print on-line. For efiling Earnings Tax Return with out downloading the Java Utility, an individual could be required to login to his account on https://www.incometaxindiaefiling.gov.in after which go to “e-File – Earnings Tax Return – Put together and Submit On-line”
If the Earnings Tax Returns haven’t been Digitally Signed, the taxpayer could be required to take a print out of the ITR-V Acknowledgement Kind, signal it and ship it to the Earnings Tax Division
Advisable Learn: Method of sending ITR-V to Earnings Tax Division
The Tackle for sending duly signed ITR-V type is “Earnings Tax Division – CPC, Put up Bag No – 1, Digital Metropolis Put up Workplace, Bengaluru – 560100, Karnataka,” by strange publish or pace publish solely, inside 120 days of transmitting the info electronically. In case, Kind ITR-V, is furnished after the top of 120 days from the date of submitting of Earnings Tax Return, it will likely be deemed that the return in respect of which the Kind ITR-V has been filed was by no means furnished and it shall be incumbent on the Tax Payer to electronically re-transmit the info and comply with it up by submitting the brand new Kind ITR-V inside 120 days. This completes the earnings tax efiling course of for non-digitally signed Returns.
Different Related factors concerning Earnings Tax efiling
- The Self Evaluation Tax computed as per the Earnings Tax Slabs (after deducting the TDS and Advance Tax paid) is required to be absolutely paid earlier than submitting the Earnings Tax Return. (Advisable Learn: Earnings Tax Slab Charges).
- In case extra tax is paid by the taxpayers, he can declare a refund of earnings tax by disclosing all information within the earnings tax return. (Process for claiming Earnings Tax Refund)
- The due date for Earnings Tax efiling is thirty first July of the Evaluation Yr for taxpayers not required to get their Tax Audit finished. For all taxpayers who’re required to get their Tax Audit finished, the Due Date is thirtieth September. (Class of Taxpayers who’re required to get Tax Audit finished by a Chartered Accountant)
- If a taxpayer is unable to file the earnings tax return earlier than the earnings tax submitting due date, he could file a Belated Earnings Tax Return together with Curiosity and/or Penalty.
- In case any error is recognised within the earnings tax return by the taxpayer himself, he could file a Revised Return of Earnings u/s 139(5) earlier than the expiry of 1 12 months from the top of the related evaluation 12 months or earlier than the completion of evaluation (whichever is earlier).
- There are a number of different softwares of personal distributors that are authorised by the Earnings Tax Deptt for Earnings Tax efiling on-line.
In case of any question with respect to earnings tax efiling, please publish them on Chartered Membership Q&A Portal and we might be comfortable to reply.