E-Filing Instructions: (ITR filing)

E-Filing Instructions: 

(ITR filing) 

📡Should you file ITR even if you are not in tax range?✍️

     ➡️Paying tax and filing ITR are two separate legal obligations. So it is better to file ITR even those who do not have taxable income._

     💥Income tax people are busy in filing their returns (ITR Filing). All of them have to file their IT returns by the specified deadline of July 31. Non-taxable persons do not care much about filing these returns. However, experts suggest that they should also file nil returns within this period.

     ➡️Generally those whose annual income is less than Rs.2.50 lakhs are not required to file tax returns. If you have deducted tax at source (TDS) from your investment income, you must file returns (even if the income is less than Rs. 2.50 lakhs) to get the refund. Deductible TDS cannot be recovered if returns are not filed. Also, tax returns have to be filed on some other important occasions. Let's see that now..

 When is Nil ITR? Why file?

 1. When the gross income is more than the exemption limit: Even if the taxable income is less than the basic exemption limit, returns should be filed if the gross income is more than the basic exemption limit. For example, suppose your gross income is Rs.4 lakhs. Taxable income after deducting exemptions and deductions is Rs.

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Income tax return (e-filing) is a must for every person / company every year.  All those with an annual income above Rs 2,50,000 are required to submit IT returns even if they do not pay income tax.

75-year-old Super Senior Citizens are exempted from submitting IT returns if their annual income is less than Rs 5 lakh.

The reason is that for those who do not e-file anything, notices will come even after two or three years.

Income Tax The PAN number or Aadhaar number should be used as the user ID for this filing.  With the help of password we will be able to access this filing page.

In case of forgetting the password, you can successfully access this filing site with the help of e-mail and phone number through the forget password option.  First time filers have to * register * and do this filing.

IT returns are the first thing we need to look at when filing this.

1.PAN and Aadhaar should be linked.

2. Aadhaar should be linked to our mobile number.

3. The mobile number should be linked to our bank account.

Note- IT return cannot be submitted without any of these three items.

4. Form 16 / Pensioners given by DDO along with our salary / pension details should keep it with their February payslip.

5. The linked mobile should be nearby.

6. Before starting this filing, see Form 26 AS.

Currently I T This file page contains our details by linking to PAN, Aadhaar.  Possibility to edit and update them.  Our photo can also be updated here either from the Aadhaar site or directly.

New users however we click on individual tax payer

1. It is possible to fill in the PAN number, name, date of birth, gender, residential status or update the existing details in the Basic Details through the Edit option.

2. Complete the cell number and address details in the contact details.  We need to validate through our mobile OTP.

3. Bank account details should also be updated.

For those who have been filing IT from the past, the user details are prefilled. Editing can be done if required for correction.

 How to file income tax return 

1- Go to the Income Tax e-Filing portal

2-Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click 'Login'.

3-Click on the 'e-File' menu and click 'Income Tax Return' link

4-On Income Tax Return Page:

PAN will be auto-populatedSelect 'Assessment Year'Select 

'ITR Form Number'Select 

'Filing Type' as 'Original/Revised Return'Select 

'Submission Mode' as 'Prepare and Submit Online'

5-'Click on 'Continue'

6-Read the Instructions carefully and Fill all the applicable and mandatory fields of the Online ITR Form

7-Choose the appropriate Verification option in the 'Taxes Paid and Verification' tab.

Choose any one of the following option to verify the Income Tax Return:

8-I would like to e-Verify

9-I would like to e-Verify later within 120 days from date of filing.

10-I don't want to e-Verify and would like to send signed ITR-V through normal or speed post to "Centralized Processing Center, Income Tax Department, Bengaluru - 560 500" within 120 days from date of filing.

11-Click on 'Preview and Submit' button, Verify all the data entered in the ITR.

12-Submit' the ITR.

13-On Choosing 'I would like to e-Verify' option, e-Verification can be done through any of the following methods by entering the EVC/OTP when asked for.

14- The EVC/OTP should be entered within 60 seconds else, the Income Tax Return (ITR) will be auto-submitted. The submitted ITR should be verified later by using 'My Account > e-Verify Return' option or by sending signed ITR-V to CPC

15- To view the uploaded ITRs

16- Go to Official ITR Filling website

Official website links

https://eportal.incometax.gov.in/iec/foservices/#/login

👉Note:  If  you want to file income Tax returns by us You can WhatsApp us on 8309634800

👉Note : ITR Filing Last Date FY 2022-23 (AY 2023-24), Income Tax Return Due Date - Jul 31- 2023 is the Last Date to File ITR