As per the recent announcement by the
income tax authority, the taxpayers who fall under the category of ITR 1 and
ITR 4 is eligible to carefully verifypre-filled ITR for the financial year
2018-19. However, the CBDT has already declared that soon they will pre-filled information
in Income
Tax Return forms. Whereas, it may be noted that
for the assessment year 2019-20, ITR-1 and ITR-4 forms have previously filled
basic details about the assessee.
Besides, some employers are yet to
issue form 16 because the CBDT had extended the last date for employers to
issue the form to 10 July. Keeping in mind the fact that pre-filled information
will only be accessible on ITR 1 and ITR 4 if you file the return completely
online on the department’s e-filing website. Also, the form will not have
pre-filled information if it is downloaded in Excel or Java format.
What is pre-filled income tax return
form?
Earlier, the tax department has made
an announcement to simplify the procedure of filing the income tax return.
Basically, pre-filled XML is a utility provided by the department through which
taxpayers personal information for TDS will be automatically filled in ITR such
as Name, PAN details, DOB, status, TDS on Salaries, TDS on other than Salaries,
TCS Details. Moreover, there is a fundamental step starting from identifying
the ITR form as per your eligibility to file income tax return, after this,
you can download the offline XML utility of the chosen form from the income tax e-filing website.
How to download the pre-filled ITR
XML data?
Follow these steps to download the
pre-filled XML data from income tax efiling site-
·
Login at income tax India e-filing
portal
·
Go to download tab and click on “download pre-filled XML.
·
Select the Assessment year in a new screen and click submit
button.
·
Save the XML file in your computer
Once you download the pre-filled XML
file, open the earlier chosen ITR offline XML utility (Remember to Enable macro
in Excel utility and click all the pop-ups one by one).
Though this is one of the most
necessary actions taken by the CBDT authority. It has made ITR filing easy for the
citizens of India, and hence, there are fewer it rerun there are fewer chances
to make any mistakes or put any wrong information in the return. However, one
should have the accountability to properly verify the information before
submitting it. Thus, before filing the tax returns make sure that you've
rechecked all the pre-filled information, mainly TDS as per form 26AS.
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