E- Filing Income Tax
E-filing Income Tax in India has become the preferred method for taxpayers due to its convenience, efficiency, and accuracy. Here's a detailed guide on how to e-file your income tax returns in India:
1. Preparation:
Gather Documents: Collect all relevant documents such as Form 16 (issued by your employer), bank statements, investment proofs, and any other income-related documents.
Register/Login: Visit the official Income Tax Department's website (https://www.incometaxindiaefiling.gov.in) and register yourself if you're a new user. If you're already registered, log in using your credentials.
2. Choose the Right Form:
Select the appropriate Income Tax Return (ITR) form based on your income sources and category. The common forms include ITR-1 (Sahaj) for salaried individuals, ITR-2 for individuals and HUFs not having income from business or profession, and so on.
3. Fill Out the Form:
Enter your personal details like name, address, PAN (Permanent Account Number), etc.
Provide details of your income from various sources like salary, house property, capital gains, and other income.
Claim deductions under various sections like 80C, 80D, etc., if applicable.
Reconcile tax deducted at source (TDS) with your total tax liability.
4. Verify Your Tax Return:
Review the information provided thoroughly to ensure accuracy.
Verify the tax computation and ensure all income sources are declared.
Cross-check the details with your supporting documents.
5. E-filing:
After completing the form, click on the 'Submit' button.
You will be prompted to verify your identity using one of the available methods: Aadhaar OTP, Net Banking, or Electronic Verification Code (EVC).
Choose the appropriate verification method and proceed.
6. Verification:
If you choose Aadhaar OTP, you'll receive a one-time password on your registered mobile number. Enter it to verify.
If you opt for Net Banking, you'll be redirected to your bank's website for authentication.
EVC can be generated through the Income Tax Department's website or via registered mobile number and email.
7. Acknowledgment:
After successful verification, an acknowledgment containing your acknowledgment number and other details will be generated. Save it for future reference.
The acknowledgment will also be sent to your registered email ID.
8. Submission of ITR-V (if applicable):
In case you are not using Aadhaar OTP or Net Banking for verification, you'll need to download the ITR-V (Verification) form.
Print it, sign it in blue ink, and send it to the Centralized Processing Centre (CPC) within 120 days of e-filing.
9. Processing:
Once your return is successfully filed and verified, the Income Tax Department will process it.
You can check the status of your return online using your acknowledgment number.
10. Follow-up:
Keep track of any communications or notices from the Income Tax Department regarding your return.
If there are any discrepancies or further verification required, respond promptly.
Important Points to Remember:
Ensure timely filing before the due date to avoid penalties.
Keep all supporting documents and records handy for future reference.
Be vigilant about any updates or changes in tax laws and regulations.
Seek professional assistance if you're unsure about any aspect of e-filing.
By following these steps meticulously, you can easily e-file your income tax returns in India and fulfill your tax obligations efficiently.
1. Why do I need to e-Verify?
You need to verify your Income Tax Returns to complete the return filing process. Without verification within the stipulated time, an ITR is treated as invalid. e-Verification is the most convenient and instant way to verify your ITR.
You can also e-Verify other requests / responses / services to complete the respective processes successfully, including verification of:
Income Tax Forms (through online portal / offline utility)
e-Proceedings
Refund Reissue Requests
Rectification Requests
Condonation of Delay in filing ITR after due Date
Service Requests (submitted by ERIs)
Uploading ITR in bulk (by ERIs)
2. What are the different ways in which I can e-Verify my returns?
You can e-Verify your returns online using:
OTP on mobile number registered with Aadhaar, or
EVC generated through your pre-validated bank account, or
EVC generated through your pre-validated demat account, or
EVC through ATM (offline method), or
Net Banking, or
Digital Signature Certificate (DSC).
3. I have filed my return more than 120 days ago. Can I still verify my returns online?
Yes. You need to submit request for condonation of delay (refer to the Service Request user manual) by providing an appropriate reason for the delay. But the return will be taken as verified only after approval of the condonation request by the Income Tax Department.
4. Can an Authorized Signatory / Representative Assessee e-Verify the return on my behalf?
Yes. The Authorized Signatory / Representative Assessee can e-Verify the return on behalf of the assessee using any of the following methods:
Aadhaar OTP: OTP will be sent to the Authorized Signatory's / Representative Assessee's mobile number registered with Aadhaar.
Net Banking: EVC generated through net banking will be sent to the Authorized Signatory's / Representative Assessee's mobile number and email ID registered with the e-Filing portal.
Bank Account / Demat Account EVC: EVC generated through the pre-validated and EVC-enabled bank account / demat account will be sent to the Authorized Signatory's / Representative Assessee's mobile number and email ID registered with the e-Filing portal.
5. How will I know that my e-Verification is complete?
In case you are e-Verifying your return:
A success message will be displayed along with a Transaction ID
An email will be sent to your email ID registered with the e-Filing portal
In case you are an Authorized Signatory / Representative Assessee:
A success message will be displayed along with a Transaction ID
After successful verification, an email confirmation will be sent to the primary email ID of both Authorized Signatory's / Representative Assessee's and your email ID registered with e-Filing portal
