Efiling
of income tax return is no more a daunting task, now you can
easily file your returns by registering on the income tax website or portal.
Although, the tax filing season for the financial year 2018–2019 is almost
approaching. Hence, you really need to be careful while filing income tax
return. Meanwhile, when it comes to filing returns there are certain categories
where if you qualify any of those criteria, then you are required to file
returns before the due date to avoid complications.
However, E-filing
income tax department assists taxpayers to file their Income Tax Returns
online who has tax liability. In order to file income tax returns, it is
mandatory for the taxpayer to use income tax departments website or e-filing
portal for income tax
India e-filing login. Generally, individual use this website every year
to file their taxes. Additionally, this is one of the foremost step to look at
it before filing ITR. You can easily process to register on the Income Tax
Portal by registering on income tax department's official e-filing portal, on
the homepage to register yourself.
How to login to the Income Tax
Department’s official portal?
After
successfully registering yourself on income tax department website, you will
find a button that says login here, all
the registered user supposed to click on the login button for income tax
e-filing login.
What
are the other documents required while filing Income Tax Returns?
While filing for Income Tax Returns no
other documents are required. But verification documents will be required
during assessments and inquiry which is why it is advisable that a taxpayer
must maintain these documents and be able to produce them when required. If you
have paid taxes on your own you may be asked to confirm this with the Challan
Identification Number (CIN). This is the number you receive from a designated
bank when you pay your taxes either offline or online at the tin nsdl portal.
Failing from filing your income
tax return on time will lead you towards the violation of income tax
regulations and provisions. Along with this, there are chances that you might
not be given any refunds, if still, you don't pay your taxes, you are found to
owe the government taxes. following this, you will be liable to pay the imposed
rate of interest on your income till you file the income tax return.
You could be diagnosed with more
consequences if you are found of not obeying income tax regulation of Indian
Constitution. Many individuals also face various punishment in case they don't
file income tax such as No Loan, No credit card, criminal fraud, negligence,
and others.
Who is required to file ITR?
If your income exceeds the limit
of 2,50,000 then you are eligible to file your income
tax return. And if you are earning above the specified limit and you
have not filed income tax, then it might be possible that you receive a notice
from the income tax department, a penalty will be imposed depending on your
salary and the date which you were supposed to file the return.
Comments
Post a Comment