Here is the step by step procedure to file your IT return online free of cost. Filing return is necessary if you are expecting refunds or if your income is taxable. Remember the last date to file tax return for the financial year 2011-2012 is 31st July 2012 31st August 2012.
A financial year begins with 1st April and ends on 31st March. For instance all the income you are going to earn from 1st April 2011 to 31st March 2012 is to be declared in the financial year 2011-2012. This is also termed as Assessment year 2012-2013. Hence you have to submit return for AY 2012-13.
A financial year begins with 1st April and ends on 31st March. For instance all the income you are going to earn from 1st April 2011 to 31st March 2012 is to be declared in the financial year 2011-2012. This is also termed as Assessment year 2012-2013. Hence you have to submit return for AY 2012-13.
Before filing IT Return online keep Form 26A, Form 16/Form 16A or any other forms depending upon the nature of your job readily available. These forms will be helpful in filling details. Of course PAN is necessary to file income tax return.
Step 1:
Visit official Income Tax efiling website www.incometaxindiaefiling.gov.in and go to downloads section, to download the appropriate IT return form in to your system. The form is in Excel format. So presence of MS Office on your computer is must.
Visit official Income Tax efiling website www.incometaxindiaefiling.gov.in and go to downloads section, to download the appropriate IT return form in to your system. The form is in Excel format. So presence of MS Office on your computer is must.
For instance if you are having salary income only then you have to download Form ITR-1. If you are having income from Proprietary Business/Profession then you have to select ITR-4. This info is just for basic idea. I recommend you to read the help manual of the corresponding ITR for complete details. The direct link for download ishttps://incometaxindiaefiling.gov.in/portal/downloads.do.
Step 2:
Now unzip the file and fill the ITR Excel Form offline. Don’t forget to enable Macros on this form. Otherwise it will not work. A help file is already with you if you are having doubt on how to enable macros. Also take help of the ITR manual in the pdf format you have already downloaded.
Now unzip the file and fill the ITR Excel Form offline. Don’t forget to enable Macros on this form. Otherwise it will not work. A help file is already with you if you are having doubt on how to enable macros. Also take help of the ITR manual in the pdf format you have already downloaded.
Step 3:
After filling all the compulsory details in the Excel form, click on Generate button. This will generate an XML file which will be saved at the location where the Excel form is already stored.
After filling all the compulsory details in the Excel form, click on Generate button. This will generate an XML file which will be saved at the location where the Excel form is already stored.
Step 4:
Now again come to online and register yourself on the official income tax efiling website, if you are filing return for the first time. Otherwise log in with user id and password.
Now again come to online and register yourself on the official income tax efiling website, if you are filing return for the first time. Otherwise log in with user id and password.
Step 5:
After logging in, click on relevant form on left panel and select Submit Return. Select the appropriate Assessment Year. Browse to select XML file and click on Upload button.
After logging in, click on relevant form on left panel and select Submit Return. Select the appropriate Assessment Year. Browse to select XML file and click on Upload button.
Step 6:
On successful upload acknowledgement details would be displayed. Click on Print to generate printout of acknowledgement also known as Income Tax Verification form ITR-V Form.
On successful upload acknowledgement details would be displayed. Click on Print to generate printout of acknowledgement also known as Income Tax Verification form ITR-V Form.
Step 7:
The duly signed ITR-V form should be mailed to “Income Tax Department – CPC, Post Bag No-1, Electronic City Post Office, Bengaluru – 560100, Karnataka,” via ORDINARY POST OR SPEED POST only within 120 days of ITR efiling. Remember never make the mistake of sending ITR-V by Registered Post or by courier. It will be rejected. Also please use Ink Jet/Laser printer to print the ITR-V Form since it contains bar code. The document that is mailed to CPC should be signed in original.
The duly signed ITR-V form should be mailed to “Income Tax Department – CPC, Post Bag No-1, Electronic City Post Office, Bengaluru – 560100, Karnataka,” via ORDINARY POST OR SPEED POST only within 120 days of ITR efiling. Remember never make the mistake of sending ITR-V by Registered Post or by courier. It will be rejected. Also please use Ink Jet/Laser printer to print the ITR-V Form since it contains bar code. The document that is mailed to CPC should be signed in original.
Congrats you have successfully submitted your IT Return to the income tax office. Now if you are expecting any refunds from the income tax department, then the refunds will come in two ways (either via check or directly credited into your bank account) depending upon your choice you have already filled in the ITR form.
You can view Online Refund status directly via this official linkhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.html. The refund you are going to get will also be reflected in Form 26AS.
For any assistance in electronic filing of Income Tax Return, please call the helpline toll free number 18001801961.
If you are not interested to file IT Return via the official website, then you can file it via offline also. You can take help of the TRP (Tax Return Preparer) nearer to your location. Otherwise you can file via ERI (E Return Intermediatory). List of government recognized ERI’s are available on the Income Tax official website. For instance www.taxspanner.com is an ERI to file your e-return. But remember ERI’s are going to charge money in order to file IT return. Choice is yours.
Hope the above steps will be helpful to file the IT Return on your own. Do it now to avoid the last minute rush. Let me know if you are having any query by commenting below.
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