Income Tax e Filing

When you file your Income Tax Returns (ITR) online, the process is called e-Filing and due to its convenience, it is gaining popularity these days. ITR Filing is mandatory for all Indian citizens with annual earnings of a certain amount and unlike earlier, you need not visit the Income Tax Department to file your returns. Instead, you can do an efiling of your returns from the comfort of your home or office.

Steps to Follow for e Filing ITR Online

  1. Visit the portal of the income tax department (http://www.incometaxindiaefiling.gov.in) and login using your User ID, password, and enter the captcha displayed. Income Tax eFiling login
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  3. If you are a new user, you can register using the ‘Register Yourself’ button. Income Tax eFiling Register
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  5. Once you login, you will find the ‘e-file’ section under which you will need to select ‘Income Tax Return.’ Please note that you can fill only ITRs 1 and ITRs 4S online. Income Tax eFile
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  7. Choose the assessment year, Income Tax Return Form ITR 4S/ITR 1 and ‘Prepare and Submit ITR Online’. Income Tax eFiling Submit
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  9. Check the bank details and Hit the "Continue" button. Income Tax eFiling Continue
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  11. If you have a Digital Signature Certificate (DSC), upload it. Make sure that your DSC is registered with e Filing.
  12. Click on the ‘Submit’ tab.
  13. If you have not used a DSC, your ITR-V will be displayed to you on successful submission. You can then download the ITR-V from the link displayed, sign it, and submit it to the CPC before 120 days from the eFiling date.
  14. If you have uploaded your DSC, then your ITL filing process is complete.

Eligibility for Income Tax e-Filing

Under the conditions given below, it is mandatory for individuals to file ITR:

  • Any firm or company must file ITR even if they make a profit or undergo a loss.
  • In case individuals wish to apply for a loan or a visa.
  • In case individuals invest in foreign assets or earn from foreign assets.
  • In case individuals wish to claim a refund from the Income Tax Department.
  • In case individuals earn an income from house property, etc.
  • If the gross annual income of the individual exceeds the details mentioned in the table below:
Age of the individuals Gross annual income (Rs.)
Individuals who are below 60 years old 2.5 lakh
Individuals above the age of 60 years but below the age of 80 years 3.0 lakh
Individuals who are above the age of 80 years 5.0 lakh

Note: You need not to file income tax returs if your annual income is not taxable.

Documents required for Income Tax e-Filing

In case individuals wish to file ITR online, the below-mentioned documents will be required:

  • The Permanent Account Number (PAN) of the individual.
  • The Aadhaar number of the individual. The Aadhaar number must be linked with the PAN.
  • The bank account details (bank account number, IFSC code, and bank branch) of the individual.

In case individuals file their ITR based on their salary, the below-mentioned documents are needed:

  • Form 16
  • In case House Rent Allowance (HRA) is being claimed, the rent slips must be given.
  • Salary Slips

In case individuals wish to claim deductions, the below-mentioned documents are required:

  • Proof of income such as capital gains income and house property income.
  • Any details about investments that are liable for deductions.
  • Details of home loans and insurance
  • Deposit account and savings account interest certificates.

Income Tax e-Filing Due Date

Income Tax Returns (ITR) are required to be filed before the deadline that is marked by the Income Tax Department (ITD). The due dates for filing of ITR for different categories of taxpayers for the financial year 2019-20 are listed in the table below.

For the AY 2020-21, the due date for Income Tax e Filing of all taxpayers extended to 31 December 2020. .

Category of Taxpayer Deadline for filing tax returns
Individual December 31, 2020
Body of Individuals (BOI) December 31, 2020
Hindu Undivided Family (HUF) December 31, 2020
Association of Persons (AOP) December 31, 2020
Businesses (Requiring Audit) December 31, 2020
Businesses (Requiring TP Report) December 31, 2020

New Rules for Income Tax e-filing

A new income tax structure has been imposed under Union Budget 2020. Under the new structure, various tax exemptions will be removed. However, taxpayers have the option to select the new tax regime or the existing tax regime. Under the new tax regime, the tax rates have been lowered.

Consequences of Filing ITR with Only Aadhaar

In case you do not have a Permanent Account Number, you can file your income tax return using Aadhaar. Furthermore, your Aadhaar Card is mandatory when applying for a new PAN. Under the new income tax rules, taxpayers who file their returns using their Aadhaar card will be allotted PAN after their demographic data has been obtained from the Unique Identification Authority of India (UIDAI).

What happens if your Aadhaar and PAN are not linked?

The Central Board of Direct Taxes issued a notification, in which taxpayers were urged to link their Aadhaar with their PAN before March 31, 2021. Failure to link your PAN with Aadhaar will prevent you from filing your income tax returns after the specified deadline.

The Government of India has introduced the new rule in order to enhance tax compliance while easing the tax payment process for taxpayers. As of now, it is compulsory for taxpayers to quote their PAN when filing their returns. Going forward, however, it will be compulsory to link your Aadhaar and PAN to file your returns.

How to Check Income Tax e-Filing status?

In order to check income tax e Filing status, you can visit the e-Filing home page of the Income Tax department. There are two ways through which the status can be checked. They are mentioned below:

  • Using the acknowledgment number
  • Using login credentials

To check the income tax eFiling status using the acknowledgement number, you need to follow the steps mentioned below:

On doing that, the status will be displayed on the screen.

In case, you want to check the status using the login credentials, you will need to login to the e Filing website. After logging in, on the dashboard you will see the option ‘View Returns/Forms’. There, you need to select income tax returns and assessment year from the dropdown menu and click on ‘Submit’. Following that, the status will be displayed.

Benefits of Income Tax Returns e-Filing

The main benefits of efiling Income Tax Returns are mentioned below:

  • Tracking the status: Individuals who efile the ITR can easily check the status online. Earlier, it was time-consuming to check the status and the status would only be sent by post. However, efiling ITR enables the individual to check the progress of the application with ease.
  • Processing of refund: In case individuals efile their ITR, the process to receive the refund is easy and is much quicker. Earlier, the refund process was not very convenient and was very time-consuming. However, individuals can update the bank details online and receive the refund much quicker.
  • Reduction of errors: Due to the number of calculations that must be made when computing ITR, it is common that errors are made. However, when efiling ITR, there is a mechanism where the computation of ITR is done by the system, therefore reducing the number of errors.
  • E-Verification: The verification of ITR can be done online if individuals efile their ITR. Earlier, the ITR would have to be sent to the CPC in Bengaluru.
  • Convenient: The process of efiling ITR is very convenient, easy, and the process takes very less time. Earlier, the process to file ITR was very tedious as individuals had to visit the Income Tax Department. However, the process to efile ITR can be done from the comforts of an individual’s home.
  • Access to documents: In case individuals efile the ITR, they will have to upload the necessary documents online. Therefore, individuals will be able to view the documents at any given time. The manual process of efiling ITR does not provide such benefits.
  • Compilation of records: Earlier, individuals were required to fill many forms in case they wanted to file the ITR. The process to fill the forms was very complex as well. However, efiling ITR removes the complexity of the process as all the data is auto-populated during the initial process and the ensuing steps become very simple.
  • Cost-efficient: In case individuals wish to file their returns manually, they might have to hire a professional to compute their returns. This could cost money in case they wish to hire a professional. However, individuals could do away with these expenses in case they efile their ITR as the computation can be done online.
  • Receipt of proof: Individuals who efile their ITR will receive a receipt at the time of filing returns and once returns have been filed as well. The receipt will be sent via email.
  • Electronic banking: The process to make payments and refunds is simple. It can be done via direct debit for the payment of tax and direct deposit for the receiving of refund. There are options available where investors can file their returns now and make the payment at a later date as well. Taxpayers can choose the day when they would like the payment to be made.

Penalty for late Income tax e-Filing

In case, you miss ITR filing within the specified deadline, the Central Board of Direct Taxes (CBDT) imposes a penalty. The maximum penalty levied for late eFiling is Rs.10,000. The penalty is levied under section 234F.

Income Tax e-Filing FAQs

  1. How can I file my ITR electronically?
  2. You can log on to www.incometaxindiaefiling.gov.in if you want to file ITR electronically. It is an independent portal launched by the income tax department.

  3. How will the excess tax paid by me refunded?
  4. It will be refunded to the bank account or a cheque will be sent once the refund gets processed. you can also check your income tax refund status through efiling portal.

  5. Whom can I contact for rectification and other income tax processing related queries?
  6. In such a case, you can contact the centralised processing centre between 8 am and 8 pm on a weekday.

  7. What is Form 16?
  8. It is a form issued by the employer under section 203 of the Income Tax Act for tax deducted at source (TDS) from income under salary.

  9. In case, I have a query about Form 16 or something related to TDS statement, which helpdesk should I contact?
  10. The TDS reconciliation Analysis and Correction Enabling System also known as TRACES can be contacted in such a case.

News About Income Tax e Filing

  • CBDT extends tax filing deadline for AY 2019-20 by 2 months

    The apex institution for direct taxes, the Central Board of Direct Taxes (CBDT) has announced an extension in the deadline of the belated and revised ITR filing for the Assessment Year 2019-20. The new date has been pushed by two months.

    Earlier the deadline for the filing was 30 September 2020. However, keeping in mind the current condition of the country owing to the Covid-19 situation and the lockdowns followed by it, the CBDT has pushed the date by 2 months and now the new date for the filing is 30 November 2020.

    1 October 2020

  • ITR deadline for the financial year 2018-2019 extended till September 30th, 2020

    The Central Government announced that an extension has been provided for filing the ITR for FY 2018-2019 until September 30th, 2020 from the earlier date of July 31st, 2020 due to coronavirus pandemic. They also provided relaxations for senior citizens on self-assessment tax interest payments. This is Third extension given by goverment to taxpayers to file original and revised tax returns for FY 2018-19.

    30 July 2020

  • Income Tax Returns efiling due date for the financial year 2019-2020 extended

    According to an announcement made by the Financial Minister, Nirmala Sitharaman, on May 13, 2020 the due date to file Income Tax Returns has been extended from 31 July 2020 to 30th November, 2020. The ITR that had to be filed by 31 October 2020 has also been extended to 30 November 2020. The tax audit deadline date has been extended from 30 September 2020 to 31 October 2020. The extension of tax deadlines was announced by the Finance Minister as part of the several initiatives under “Atmanirbhar Bharat Abhiyan”. Various initiatives are being announced by the government to help the economy during the coronavirus outbreak.

    04 July 2020

  • IT department advises taxpayers to secure e-filing accounts

    The IT department has advised taxpayers to be careful about using their e-filing accounts securely and to beware of any unauthorised use. The advisory states that "If you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cybercrime. Please report the incident to the concerned police or cyber-cell authorities as a first step". An online criminal complaint or FIR can be filed at the website https://cybercrime.gov.in wic. Any details of such cybercrimes will be shared by the income tax authorities to the law enforcement agencies that are relevant to the complaint. This has been issued due to the scaling down of human resources in the wake of the Covid-19 pandemic which could leave such sites vulnerable to security attacks.

    05 May 2020

  • Last date for Income tax return filing for 2020 extended for some

    The due date to file income tax returns for 2020 has been extended for individuals and companies who have to get their accounts audited. For the assessment year, it has been extended from 30 September to 31 October. The extension in date has been done through certain amendments in the Income Tax Act, Section 139. Under Explanation 2 of the subsection, the due date is the 30th day of September of an assessment year for “a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force”. Under the Finance Bill 2020, the word ‘'working’' has been removed and the words ‘'31st day of October’' has replaced the words ‘'30th day of September’'.

    25 February 2020

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