You can file your Income Tax Return (ITR) Online on incometaxindiaefiling.gov.in (official website of Income Tax Department). You need to file for ITR if your income falls in the taxable income slab. Eligible candidates to file for Income Tax Refund online are salaried or self-employed individuals, HUF (Hindi Undivided Family), firms or companies, BOI (Body of Individual), AOP (Association of Persons), etc.
In this post we will discuss about ITR filing date extensions due to Coronavirus disease outbreak, documents required for filing ITR online, procedure to file Income Tax Return online, need for online income tax return filing, steps to download ITR Form online, and frequently asked questions.
Due to Coronavirus outbreak, the Government of India has decided to provide extension for the IT Return Filing dates:
The required documents are as follows:
An e-filing software has been launched by the Income Tax (IT) Department for all the ITR Forms. You can file ITR-1 and ITR-4 online without downloading the software in Java or Excel. Before filing the IT online, make sure you have all the softcopy of required documents with you. Here are the steps to file Income Tax Returns online:
You can file for Income Tax Return Offline or Online. Here are the conditions wherein you need to mandatorily file for the ITR refund online:
You can download the ITR forms online on the official website of the Income Tax Department. Here are the steps for the same:
Here are the FAQs for Filing Income Tax Return Online:
Usually every year, the ITR Filing deadline is on the 31st of July for salaried individuals. You can even pay taxes in advance. If you do not file ITR in time, then it may attract penalties. Filing for ITR within deadline helps you keep a track of the financial transactions and get your IT refund on time as well. Also, you can avoid hefty fine otherwise applicable on late filing.
Here are the advantages of ITR e-filing:
Here are the different types of ITR forms available:
Always check the form 26 AS before you file income returns. This shows how much tax has been subtracted from your salary and deposited to the IT department by the employer. Make sure that the tax deducted from the income as per Form 16 is same as the calculations in Form 26 AS. If you file the returns ignoring the errors (if any) you might get a notice from the IT department.
If you have not filed for the due ITR, then you have to login to the official e-filing website. You have to submit a response here by accessing the ‘Compliance’ tab.
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