After the
conventional process of income tax
return filing has earned much attention
than the traditional method of filing ITR, many tax filers started filing their
returns through various applications. These applications allow you to upload
your documents and personal details without waiting too long. Thus, it has made
tax filing procedure very efficient and convenient for the users without paying
extra charges. However, Income tax return filing deadline is quickly proposing
that is July 31. Hence, the taxpayers require to get attentive this time to
avoid last minute errors and other consequences.
How Tax
Filing works-
If you're a
beginner and new to ITR Filing
process, here you can get a brief about how the tax filing work on application-
·
First, you need to register
yourself on All India ITR App.
·
On successful registering, the OTP
will be sent to you.
·
Afterward, you can start with a new
filing user.
·
The next step is to click on the e-filing
process.
·
After clicking on the e-filing
process you will be asked to fill necessary details such as Name, address,
phone number, email id, PAN, Aadhaar card and bank details.
·
Select the source of income from
where you get the income it can be from salary/Pension, House property,
Business/Profession, Capital gains, others sources and or any foreign income.
·
Upload your Form 16 if you’re a
salaried employee or enter the mandatory details in case you earn income from
other sources.
·
Verify ITR V
·
On submitting your ITR form, an
acknowledgment number is generated. In case the return is submitted using a
digital signature, you just have to preserve this number. If the return is
submitted without t a digital signature, an ITR-V is generated and is sent to
your registered email ID.
What are
the benefits of e-filing Income Tax Returns?
Quick processing:
You will receive the acknowledgement and ITR- V updating quickly.
Convenient:
You can e-file your returns at any given time without facing inconvenience.
Easy to
use: The process to efile ITR
is easy and you can go through the instructions that are provided online.
Accuracy:
There are less chances of any mistakes, hence the process to e-file ITR is
smooth and error-free.
Receipt
proof: You will receive updates regarding your ITR at the
time of filing your tax returns
What are
the documents required to e-file Income Tax Returns?
You must
have the below-mentioned documents before e-filing the ITR-
·
Details of the investments that
have been made by you.
·
Form 16
·
Bank account details such as
account number, bank name, and IFSC code.
·
PAN Card.
Earlier, Income Tax efiling was a
tedious process and many of us used to call a tax consultant to file our
returns for the year. However, a start-up with the mission to “to simplify the
taxation process for the common individual” has launched a mobile application
to help salaried individuals and businesses to file tax returns.
For more
details about efiling of income tax return online
visit our website : https://www.allindiaitr.com
Comments
Post a Comment