Your seven step guide to e-file your income tax returns before July 31 deadline

Your seven step guide to e-file your income tax returns before July 31 deadline

With less than a fortnight left before July 31 deadline, here is a quick guide to help you e-file your returns for a smooth and hassle-free exercise:

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Photo: Mail TodayPhoto: Mail Today
BusinessToday.In
  • Jul 19, 2016,
  • Updated Jul 19, 2016 3:46 PM IST

It is now that time of the year when taxpayers rush to file their annual Income Tax Returns (ITRs) before the July 31 deadline. With less than a fortnight left, here is a quick guide to help you e-file your returns for a smooth and hassle-free exercise:

 

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  1. Step 1: Log onto https://incometaxindiaefiling.gov.in/ and create an account using your PAN number. Fill in personal details.  
  2. Step 2: Choose the correct income tax return (ITR) form from the download section. ITR-1 can be filed by individuals having income from salaries, one house property and from other sources including interest. ITR-2 is filed by Individuals and Hindu Undivided Families (HUFs) not having income from business or profession while ITR-2A by those individuals and HUFs who do not have income from business.
  3. Step 3: Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
  4. Step 4: This section is followed by a sub-section where you have to provide the details of investments which have been made by you and are eligible for tax exemptions.
  5. Step 5: The next section would take you to Tax Details. For salaried employees, this section is pre-filled by the Income-Tax Department. The user has to merely cross-check the available data with their Form 16. For non-salaried tax payers, the details have to be entered by the user.
  6. Step 6: Fill in the details and then click the submit button. After submission, acknowledgement detail is displayed.
  7. Step 7: Click on the link to view or generate a printout of acknowledgement/ITR V form.

 

It is now that time of the year when taxpayers rush to file their annual Income Tax Returns (ITRs) before the July 31 deadline. With less than a fortnight left, here is a quick guide to help you e-file your returns for a smooth and hassle-free exercise:

 

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  1. Step 1: Log onto https://incometaxindiaefiling.gov.in/ and create an account using your PAN number. Fill in personal details.  
  2. Step 2: Choose the correct income tax return (ITR) form from the download section. ITR-1 can be filed by individuals having income from salaries, one house property and from other sources including interest. ITR-2 is filed by Individuals and Hindu Undivided Families (HUFs) not having income from business or profession while ITR-2A by those individuals and HUFs who do not have income from business.
  3. Step 3: Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
  4. Step 4: This section is followed by a sub-section where you have to provide the details of investments which have been made by you and are eligible for tax exemptions.
  5. Step 5: The next section would take you to Tax Details. For salaried employees, this section is pre-filled by the Income-Tax Department. The user has to merely cross-check the available data with their Form 16. For non-salaried tax payers, the details have to be entered by the user.
  6. Step 6: Fill in the details and then click the submit button. After submission, acknowledgement detail is displayed.
  7. Step 7: Click on the link to view or generate a printout of acknowledgement/ITR V form.

 

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