Skip to main content

How to E-file Income Tax Returns ( ITR )?

How to E-file Income Tax Returns ( ITR )? – Income Tax E-filing Guide

Step 1:  E-filing ITR – Start

Before starting, you must have the following document to speed up the process:
  • PAN
  • Adhaar
  • Bank Account Details
  • Form 16
  • Investment Details
Step 2: Enter your Personal Information
  • Enter Your Name,
  • PAN,
  • Date of Birth, and
  • Father’s Name.
Step 3: Enter your Salary Details

1)  Fill in Your Company Name and Type.
2)  Give your salary and TDS information. To enter your salary details in detail, ‘Click here’
.
Step 4: Enter Details to Claim Reduction

Enter investment details for the deductions to be claimed (Eg. LIC, PPF, etc., and other tax allowance claims here.

Step 5: Enter the Details of Taxes Paid

If you have any non-salary income, say, interest income or freelance income, then add tax payments that are already made. You can also add these details by uploading Form 26AS.

Step 6: E-File

Enter your bank account details and proceed to e-filing.

Step 7: E-Verification

After your return is submitted, e-verify your income tax return. Watch this video to find out how to e-File ITR Online

If you miss the due date to submit a refund, you can still apply before 31 December 2018 by paying a fee of Rs 5,000. If you submit after 31 December 2018, you must pay a fee of Rs 10,000. Also to note that the deadline for submitting late returns for 2017-18 FY ends on 31 March 2019.

Comments

Popular posts from this blog

Benefits of Filing ITR on Time - Avoid Penalties & Other Benefits | Certicom

Benefits of Filing Income Tax Return on time – AY 2018-19 1. Easy Loan Approval Registration of  ITR  will help individuals, when they need to apply for a vehicle loan (2-wheeler or 4-wheeler), mortgages, etc. All major banks can request a copy of the tax return 2. Claim tax refund If you have a refund for your  income tax , you will need to submit a tax return to claim the refund. 3. Income and address of evidence Income tax can be used as proof of income and address. 4. Quick Visa Processing Most embassies and consulates must submit a copy of your tax return in the past two years when a visa application is submitted. 5. Forward your loss If you sign up again within the due date, you will be able to claim losses over the next few years, which can be used to receive income from subsequent years. 6. Avoid penalties If you have to return your tax return, you will not be entitled to tax, up to Rs.5,000. 7. Refer to and earn up to Rs. 3000 Refer and get Rs

Misconceptions on TDS |Tax Deducted at Source | Certicom

Misconceptions about TDS (Tax denied at source) I recently published articles on TDS for periodic deposits and TDS for the withdrawal of the EPF. I received lots of TDS comments/questions about the amount of the source. I have noticed that there are many  misconceptions   about TDS. Many investors think that TDS refusal completely removes their tax liability. Another misrepresentation is – “ Without TDS means, without a tax obligation “. What is TDS? The tax amount of the source or TDS is a tax collection process from the tax department. This involves collecting revenue at the very source of income. It is an essentially  indirect tax  collection method that combines the concepts of “pay as you earn” and “collect as you earned.” Example:  You reserve a bank fixed deposit for Rs 3 Lakh for 1 year @ 10% per annum. You will earn an income of interest of 30,000 pounds per year. The bank will deduct TDS at a rate of 10%, for example, 3,000 rubles (10% from 30,000 rubles) and deposi

INCOME TAX RETURN QUICK GUIDE- WHICH, HOW, WHAT?? - Certicom

INCOME TAX RETURN QUICK GUIDE- WHICH, HOW, WHAT?? Certicom Consulting Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction. CA ARPANA KEDIA CHARTERED ACCOUNTANTS +91-9880052923 http://certicom.in/income-tax-return-quick-guide/