Easy way to file your tax returns

Easy way to file your tax returns - go online and do it yourself now

Make the following items ready before you proceed further

1. FORM 16 from your employer.

2. Microsoft Excel 2003 or later (there is a PDF version also but i prefer Excel way)

STEP 1:

Select appropriate type of Return Form and Download Return Preparation Software for selected Return Form. (if you fall into Individual with Income from Salary/Pension click here to download ITR-1 )

STEP 2:

After downloading respective forms

1. extract the zip file

2. open the file in MS Excel

3. enable or allow macros to run

4. start filling the details.

Example in ITR-1 there are 4 sheets 1st sheet is just info 2nd, 3rd, 4th sheet contains some required information . (keep your FORM 16 and map it with required fields example: FORM 16 item 6 -> ‘Income Chargeable under head Salaries’ maps to ITR-1 section ‘INCOME & DEDUCTIONS item1′).

5. Validate form on each sheet.

STEP 3:

After completing all the forms review once and if everything is correct click on GENERATE XML save the XML file.

STEP 4:

Register https://incometaxindiaefiling.gov.in/portal/register.do?screen=registerPage1

(while registering if you are not aware of digital signatures avoid it there is no harm)

STEP 5:

Login and click on relevant form on left panel and select “Submit Return”.

STEP 6:

Browse to select XML file and click on “Upload” button. On successful upload acknowledgment details would be displayed. Click on “Print” to generate printout of acknowledgment/ITR-V Form. (the same will also be mailed to your mentioned email address).

STEP 7:

In case the return is digitally signed, on generation of “Acknowledgment” the Return Filing process gets completed. You may take a printout of the Acknowledgment for your record.

In case the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be mailed to “Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, ” BY ORDINARY POST OR SPEEDPOST ONLY within 120 days after the date of transmitting the data electronically.
ITR-V sent by Registered Post or Courier will not be accepted.
No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner. In case, Form ITR-V, is furnished after the above mentioned period, it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within 120 days. This completes the Return filing process for non-digitally signed Returns.

So what are you waiting for go file your tax returns now.