Accounts Executive
259 Points
Posted on 30 January 2018
YOU HAVE FILL IT ON YOUR OWN OR BY CONSULTANT
Steps to follow to file Income Tax Returns:
Filing your income tax returns online doesn't have to be a complicated process. Simply follow the below steps.
First, log on to IncomeTaxIndiaeFiling.gov.in And register on the website.
- Your Permanent Account Number (PAN) is your user ID.
- View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
- Click on the income tax return forms and choose the financial year.
- Download the ITR form applicable to you. If you're exempt income exceeds Rs.5,000, the appropriate form will be ITR-2 (If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link - this has been explained below).
- Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
- Check the tax payable amount by clicking the 'calculate tax' tab.
- Pay tax (if applicable) and fill in the challan details.
- Confirm all the data provided in the worksheet by clicking the 'validate' tab.
- Generate an XML file and save it on your desktop.
- Go to 'upload return' on the portal's panel and upload the saved XML file.
- A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select'˜Yes'. If you have not got digital signature, choose 'No'.
- The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
- Take a printout of the form ITR-V and sign it in blue ink
- Send the form by ordinary or speed post to the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.
- Or you can also verify your return through EVC