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  • IT Returns - Guide for e-Filing of Income Tax Return (ITR) Online

    As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds the maximum amount not chargeable to tax, should file their income tax returns (ITR).

    The process of electronically filing income tax returns is known as e-filing. You can either seek professional help or file your returns yourself from the comfort of your home by registering on the income tax department website or other websites. The due date for filing tax returns (physical or online), is July 31st.

    Who should e-file income tax returns?

    Online filing of tax returns is easy and can be done by most assessees.

    • Assessee with a total income of Rs. 5 Lakhs and above.
    • Individual/HUF resident with assets located outside India.
    • An assessee required to furnish a report of audit specified under sections 10(23C) (IV), 10(23C) (v), 10(23C) (VI), 10(23C) (via), 10A, 12A (1) (b), 44AB, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E or 115JB of the Act.
    • Assessee required to give a notice under Section 11(2) (a) to the assessing officer.
    • A firm (which does not come under the provisions of section 44AB), AOP, BOI, Artificial Juridical Person, Cooperative Society and Local Authority (ITR 5).
    • An assessee required to furnish returns U/S 139 (4B) (ITR 7).
    • A resident who has signing authority in any account located outside India.
    • A person who claims relief under sections 90 or 90A or deductions under section 91.
    • All companies.

    Types of e-Filing:

    • Use Digital Signature Certificate (DSC) to e-file. It is mandatory to file IT forms using Digital Signature Certificate (DSC) by a chartered accountant.
    • If you e-file without DSC, ITR V form is generated, which should then be printed, signed and submitted to CPC, Bangalore by ordinary post or speed post within 120 days from the date of e-filing.
    • You can file e-file IT returns through an E-return Intermediary (ERI) with or without DSC.
    e-filing ITR

    Checklist for e-Filing IT Returns

    There are a few prerequisites to filing your tax returns smoothly and effectively. Major points have been highlighted below.

    • How to choose the right form to file your taxes electronically
    • It can be confusing deciding which form to submit when filing your tax returns online. The different categories of Income Tax Return (ITR) forms and who they are meant for are tabulated below.
      ITR 1 (SAHAJ) Individuals with income from salary and interest
      ITR 2 Individuals and Hindu Undivided Families (HUF) not having income from business or profession
      ITR 3 Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
      ITR 4 Individuals and HUFs having income from a proprietary business or profession
      ITR 4S (SUGAM) Individuals/HUF having income from presumptive business
      ITR 5 Firms, AOPs,BOIs and LLP
      ITR 6 Companies other than companies claiming exemption under section 11
      ITR 7 Persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
    • E-file IT Returns Online
    • Check your tax credit - Form 26AS vs. Form 16

      You should check Form 26AS before filing your returns. It shows the amount of tax deducted from your salary and deposited with the IT department by your employer. You should ensure that the tax deducted from your income as per your Form 16 matches with the figures in Form 26AS. If you file your returns without clarity on errors, you will get a notice from the IT department.

    • Claim 80G, savings certificates and other deductions

      You can claim extra deductions if you forgot to claim them. Similarly, you can also claim deductions under section 80G on donations made to charitable institutions.

    • Interest statement - Interest on savings accounts and fixed deposits

      A deduction for up to Rs.10,000 is allowed on interest earned on savings accounts. However, interest earned on bank deposits, if any, forms a part of your taxable income and is taxable at applicable slab rates.

    • In addition to the above, have the following at hand.

      • Last year's tax returns
      • Bank statements
      • TDS (Tax Deducted at Source) certificates
      • Profit and Loss (P&L) Account Statement, Balance Sheet and Audit Reports, if applicable
    • Ensure your system is equipped with the below.

      Java Runtime Environment Version 7 Update 6 or above

    List of Required Documents for e-filing of tax returns

    It is always good to stay a step ahead, especially when it comes to tax filing. The checklist provided below will help you to get started with the e-filing of tax returns.

    General details:

    • Bank account details
    • PAN Number

    Reporting salary income:

    • Rent receipts for claiming HRA
    • Form 16
    • Pay slips

    Reporting House Property income:

    • Address of the house property
    • Details of the co-owners including their share in the mentioned property and PAN details
    • Certificate for home loan interest
    • Date when the construction was completed, in case under construction property was purchased
    • Name of the tenant and the rental income, in case the property is rented

    Reporting capital gains:

    • Stock trading statement is required along with purchase details if there are capital gains from selling the shares
    • In case a house or property is sold, you must sought sale price, purchase price, details of registration and capital gain details
    • Details of mutual fund statement, sale and purchase of equity funds, debt funds, ELSS and SIPs

    Reporting other income:

    • The income from interest is reported. In case of interest accumulated in savings account, bank account statements are required
    • Interest income from tax saving bonds and corporate bonds must be reported
    • The income details earned from post office deposit must be reported

    Income Tax Slab Rates

    Income Tax Slab rates For Financial Year 2017 – 2018 And Assessment Year 2018-2019

    (As Declared in the New Budget) :

    For Individuals and HUF (Age – Less than 60 years):

    Income Tax Slab Tax rate
    Up to Rs.2,50,000 NIL
    Above Rs.2,50,000 and up to Rs.5,00,000 5%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    For Individuals and HUF (Age – 60 years and more, but less than 80 years):

    Income Tax Slab Tax rate
    Up to Rs.3,00,000 NIL
    Above Rs.3,00,000 and up to Rs.5,00,000 5%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    For Super Senior Citizens (age - 80 years and more):

    Income Tax Slab Tax rate
    Up to Rs.5,00,000 NIL
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    Income Tax Slab Rates for Year 2016 – 2017 :

    For Individuals and HUF (Age – Less than 60 years):

    Income Tax Slab Tax Rate
    Up to Rs.2,50,000 NIL
    Above Rs.2,50,000 and up to Rs.5,00,000 10%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    For Senior Citizens (Age – 60 years and more, but less than 80 years):

    Income Tax Slab Tax Rate
    Up to Rs.3,00,000 NIL
    Above Rs.3,00,000 and up to Rs.5,00,000 10%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    For Super Senior Citizens (Age - 80 years and more):

    Income Tax Slab Tax Rate
    Up to Rs.5,00,000 NIL
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    Income Tax Return Due Date:

    Generally, the due date for filing Income Tax Return (ITR) for Hindu Undivided Family (HUF)/ Individuals/ AOP (Association of Persons)/ BOI (Body of Individuals) is 31st July of the next Financial Year. For example – The ITR due date for Financial Year 2016-17 would be 31st July, 2017.


    Income Tax Income Tax Return Income Tax Refund Income Tax Refund Status Form 16

    How do I file e-Returns?

    Steps to follow to file Income Tax Returns:

    Filing your income tax returns online doesn't have to be a complicated process. Simply follow the below steps.

    First, log on to IncomeTaxIndiaeFiling.gov.in And register on the website.

    • Your Permanent Account Number (PAN) is your user ID.
    • View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
    • Click on the income tax return forms and choose the financial year.
    • Download the ITR form applicable to you. If you're exempt income exceeds Rs.5,000, the appropriate form will be ITR-2 (If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link - this has been explained below).
    • Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
    • Check the tax payable amount by clicking the 'calculate tax' tab.
    • Pay tax (if applicable) and fill in the challan details.
    • Confirm all the data provided in the worksheet by clicking the 'validate' tab.
    • Generate an XML file and save it on your desktop.
    • Go to 'upload return' on the portal's panel and upload the saved XML file.
    • A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select'˜Yes'. If you have not got digital signature, choose 'No'.
    • The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
    • Take a printout of the form ITR-V and sign it in blue ink
    • Send the form by ordinary or speed post to the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.

    Steps to file ITR 1 & ITR 4S Online:

    Prepare and Submit ITR1 / ITR 4S (Sugam) Online

    You have the option to submit ITR 1/ITR 4S forms by uploading XML or by online submission

    • Login to e- Filing application
    • Go to 'e File' 'Prepare and Submit ITR Online'
    • Select the Income Tax Return Form ITR 1/ITR 4S and the assessment year.
    • Fill in the details and then click the submit button and choose DSC (Digital Signature Certificate)’ (if available) Click on ‘Submit’.
    • After submission, acknowledgement detail is displayed.
    • Click on the link to view or generate a printout of acknowledgement/ITR V form.

    To use DSC, you have to register it in the e-filing application. You can do so by logging in on the e-filing website of the IT Department and updating the Profile Settings section. Under Profile Settings, you have to select Register Digital Signature Certificate and download the ITD e-Filing DSC Management Utility. You can use this utility to generate the DSC file.

    Private portals:

    You could also make use of several websites to file your income tax returns online. The portals typically charge fees (Rs. 250 to 300) depending on the kinds of service they offer.

    Things to watch out for while e-filing:

    • If the same mobile number or email address is used for more than four taxpayers, you cannot file returns on the website, unless the required change is done. For instance, in some cases, more than five returns may be filed— yours, wife, mother, mother-in-law and the Hindu undivided family (HUF) of which you are the karta, the executor of a will.
    • If your name mentioned in your bank documents or official statements is even slightly different from the one given in the PAN card, the portal will consider you a different individual. In certain instances, some individuals give their father's name as their 'middle' name in their PAN card, but do not use it for their bank accounts.
    • If a non-resident Indian has to file income tax returns, he will need both an India number and a foreign number.

    Frequently Asked Questions: e-filing Income Tax Returns

    1. I file ITR online without an account on the Income Tax e-filing portal?

      No, You have to create an account on the portal to file your ITR online. It is an easy process'“ you have to register yourself by providing details such as user type (individual, HUF, companies, chartered accountants, agencies or tax deductors), your PAN, first and middle names and surname, date of birth, and fill in the registration form. If you already have an account but have forgotten password, you can generate it through the'˜Forgot Password' option.

    2. How many days do I have to verify the Income Tax Return I filed online?

      You have to either send the ITR-V to CPC, Bangalore, or verify it online through electronic verification code or Aadhaar-linked one-time password, within 120 days of e-filing the return.

    3. Can I e-verify my ITR instead of sending a hardcopy to CPC, Bengaluru?

      Yes. The Income Tax Department now allows you to e-verify ITR through an electronic verification code (EVC) or through a one-time password by linking your PAN and Aadhaar.

    4. Can I e-file my return before all my tax payments are done?

      You can only file your Income Tax Return'“ online or through an agency'“ after all your tax payments for the year are done. The deadline for filing ITR is July 31 of the year after the end of a given assessment year'“ that is, you get 4 months to file ITR. This helps you put your accounts in order and make sure all tax-related payments are sorted.

    5. Is it mandatory for me to do the e-filing or can I depute it to someone?

      You can seek the help of chartered accountants and agencies dedicated to ITR filing. It is wiser not to allow anyone to have your PAN and password in order to prevent any kind of fraud.

    6. How to check the status of Income Tax Refund?

      You can check the status of Income Tax Refund online on the website of the Income Tax Department of India. You can track the refund status after 10 days (from the date the refund was sent to you). To check the status, you have to enter your Permanent Account Number (PAN) and choose the correct Assessment Year.

    7. What is HRA ?

      HRA stands for House Rent Allowance. It refers to the amount of rent you pay for your place of residence. While filing Income Tax, you can claim HRA. You can enjoy tax exemption on HRA up to a certain limit. If you are unable to submit rent receipts to claim HRA exemption, then you can claim it while filing your ITR. If you have paid more than Rs.1,00,000 on rent in a financial year, then you will have to provide the PAN of your house owner/landlord. HRA exemption will be the minimum of the following:

      • Actual HRA received.
      • Actual Rent Paid.
      • Rent Paid – 10% of Basic Salary.
      • 50% (metro)/ 40% (non-metro) of Basic Salary.

      To claim HRA exemption in ITR1 (If your employer has not calculated HRA), you have to deduct the HRA exemption amount from your Gross Salary and enter the result in the section ‘Income from Salary/Pension’.

    8. What is ITR–V ?

      If you e-File ITR without using DSC or you e-File through e-Return Intermediary, then ITR-V form will be generated for you. You have to print this form, sign it and submit it to CPC, Bangalore using Speed Post or Ordinary Post only within 120 days, starting from the e-Filing date.

    News About E-Filing Tax Return

    • E-filing the ITR is easier than you thought

      The Income Tax (IT) Department has made it easy for the taxpayers to carry out e-filing of Income Tax Return (ITR) through their website. If you are a taxpayer looking for e-filing ITR, this is a great alternative compared to the method of sharing your details with a third party such as Chartered Accountants. Now you can visit the IT Department’s website to complete your e-filing with few simple steps. The website provides complete step-by-step guidance in filling in the forms and submitting it. The IT Department has kept the entire process simple for the common man to understand. The ITR forms are currently available on the IT Department’s website./p>

      18th April 2017

    • Income Tax Department launches e-filing for two ITRs

      The Income Tax Department recently launched services to support the e-filing of two types of ITR. ITR-1 (Sahaj) and ITR-4 (Sugam) are enabled for e-filing on the website - https://incometaxindiaefiling.gov.in. The IT Department has also notified that the other five ITRs will be soon enabled for e-filing. Individuals who are required to complete their e-filing can visit the IT Department’s website to access the services. The e-filing service will be available until the 31st of July. This initiative will help the IT Department in processing more ITRs efficiently.

      7th April 2017

    • IT department offers e-filing facility through their website

      The Income Tax (IT) Department has taken a series of steps to boost e-filing for various types of income group. The IT Department is working towards various solutions that will help the taxpayers in making easy tax payments. This initiative will aid the IT Department in reducing tax evasion and also the non-filing of tax. The individuals can take advantage of the e-filing service from the IT Department’s website. Currently, the IT Department accepts e-filing for certain income group, they are also working towards adding more segments soon.

      5th April 2017

    • Aadhaar will be made mandatory for filing IT return and application of PAN card

      The government has proposed to make Aadhaar mandatory for filing Income Tax (IT) return and for the application of PAN card. This initiative will help the government in issuing PAN card on real-time basis based on the Aadhaar's e-KYC facility. Currently, the initiative is at the initial stage of consideration that has been proposed through an amendment of the Finance Bill. Soon, the individual who wish to file their income tax return or apply for a PAN card will require the furnishing of Aadhaar details.

      27th March, 2017

    • Income Tax Department: Increase in e-filing of ITRs

      The Income Tax Department has issued more refunds this due to increase in the e-filing of Income Tax Returns (ITRs). The services provided by Central Board of Direct Taxes (CBDT) is helping more individuals file their ITR. The fast and efficient online services coupled with electronic notifications are encouraging taxpayers to gain most out of their money and investment by filing the ITRs. The Income Tax Department's website provided guidance to first-time taxpayers for the registration process. A taxpayer can also utilize the website to follow step-by-step methods to file their ITR. The simple and fast method is encouraging more individuals to come forward in filing their ITRs.

      15th February, 2017

    • IT Department won Silver Award for e-filing of income tax returns project

      After the 2007-08 National Awards for e-Governance, the Income Tax Department has once again won the Silver Award for the e-filing of income tax returns project this year (2016-17). The Silver Award was conferred to the IT department under the ‘incremental innovations in existing projects’ category. Electronic Verification Code, E-filing Vault, Non-Filers Monitoring, and E-Sahyog are some of the significant innovations introduced by the IT department in the e-filing of income tax returns project. EVC enables taxpayers to electronically verify income tax returns using third-party verification. More than 1.1 crore income tax returns have been electronically verified via EVC. E-filing Vault protects taxpayers’ accounts against unauthorized access. The Non-filers Monitoring system and E-Sahyog enable taxpayers to easily resolve any queries regarding their income tax compliance at any time.

      16th January 2017

    • Now, Verify Your ITR Through ATM

      Once Income Tax Returns are filed, you need to verify it. The government recently introduced e-verification either through an electronic verification code (EVC), netbanking or Aadhaar in order to allow everyone to verify their ITR easily and conveniently instead of having to send the ITR copy to Centralised Processing Centre, Bengaluru.

      Now, you can also verify your ITR through ATMs. ATMs of State Bank of India and Axis Bank already allow you to verify your ITR by inputting your debit card in the machine. The options after entering the PIN will include'˜PIN for Income Tax Filing'. If you select this option, an EVC will be generated and sent to your email and registered mobile number.

      3rd August 2016

    • I-T Department Urges Taxpayers To E-File ITRs By July 31

      The deadline for filing of Income Tax Returns (ITR) for the previous financial year'“ 2015-16'“ is just 13 days away. The Income Tax Department has urged individuals to use its e-filing portal for quick and easy ITR filing process.

      To file an ITR online, one needs to log in to incometaxindiaefiling.gov.in with your PAN details. The site also has a free ITR preparation software that will help you through the process without any hassles.

      ITR can now be verified online itself, without having to send a copy of the ITR-V by post to Centralised Processing Centre (CPC), Bengaluru. You can verify it using Aadhaar, netbanking or an EVC.

      19th July 2016

    • Filing e-ITR via ATM-based Validation System

      An ATM-based validation facility has been introduced by the Income Tax Department in an attempt to add to the paperless mode of filing income tax returns. According to a senior IT official, taxpayers will be able to generate an EVC or Electronic Verification Code by pre-validating the bank's ATM machine where they have an account. Only State Bank of India has activated this facility for now, rest of the banks are expected to follow suit soon.

      The new facility has been made available on the income tax department's e-filing website. Taxpayers can use the system by generating a one-time password, using Aadhaar number. Validation of e-ITR has been initiated so that taxpayers do not have to send the ITR-V by post for processing at the CPC (Central Processing Centre) in Bangalore.

      Taxpayers those who can file ITR-1 are the ones with income generating from salaries, house property and other sources inclusive of interest.

      Taxpayers those who can file ITR-2 are individuals and HUFs not having any income from any profession, business or any foreign assets.

      6th June 2016

    • April Witnesses 68% rise in e-Filing of IT Returns

      The first month of the current fiscal year saw a massive rise of 68.5 per cent in the e-filing of income tax returns. The month of April saw over 8.32 lakh taxpayers file their tax returns via electronic means, as compared to 4.94 lakh during the same month for the financial year 2015-2016. However, a total of 4.33 crore income tax returns were filed electronically over the last fiscal year, but unlike that year the CBDT has operationalised all nine types of income tax returns that are to be filed by various types of assesses for the current year. The e-filing process has become increasingly simpler and easier over time with the CBDT recording over 5.25 crore registered users as on April 30th 2016. Deloitte Haskins and Sells LLP partner Divya Baweja stated that the income tax department has made a serious effort in simplifying e-filing procedures in order to help the common man file returns more easily.

      19th May 2016

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