Filing Income Tax Return is
important for every taxpayer, it is the sign of a responsible citizen.
What is Income Tax Return?
Income Tax Return is
form that is filed by a taxpayer, who earns a taxable income. It is one of the
biggest proofs of a taxpayer’s Income in India. There are various tax slabs as
per which a taxpayer files Income Tax Return in India.
What is e-filing of Income Tax Return?
The e-filing of income tax
returns is compulsory for all income-earning individuals in India. To file
Income Tax Return online, you will have to visit the Income Tax Department’s
Official E-filing Portal. Electronic filing or e-filing of income tax returns,
as it is also called, is basically the submission of an individual's income tax
returns online.
Easy Steps to File Income Tax Return
1. In
order to file your income tax returns online, go to Income Tax Department’s
Official e-filing portal and create your e-filing account. Your PAN will be
your login ID
2. Login
using your PAN and password.
3. You
are supposed to link your Aadhaar with your E-filing Account
4. The
same needs to be done by choosing the option of "Link Aadhaar" under
the Profile Settings tab.
5. Details
including your name as per Aadhaar card, Aadhaar number etc. are to be filled
to complete the linking process
6. Open
Form 26AS under the Quick Link menu. Form 26AS is a summary of the taxes you
have paid for the relevant financial year. It will include TDS, Advance Tax and
Self-Assessment Tax
7. Download
the correct ITR form or Income Tax Return form, as per your source of income
8. Upload
your Digital Signature Certificate (DSC), if applicable
9. Click
on "Submit" button
10. On
successful submission, ITR-V would be displayed (if DSC is not used). Click on
the link and download the ITR-V
11. ITR-V
will also be sent to the registered email
12. If
ITR is uploaded with DSC, the return filing process is complete. After you
successfully file your Income Tax Return, you are supposed to verify your ITR
either manually or electronically within 120 days of ITR filing.
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