How to file ITR ?

How to file ITR ?

Filing your income tax return (ITR) is a way to inform the government about the incomes you have earned during a financial year. There are different ITR forms and you should know which one you should file. One of the forms used by salaried taxpayers is ITR-1. So, to begin with, you need to check if you are eligible to file ITR -1 form. After that you need to collect all the documents and information you need to file your return.

This is the first in a series of articles that will tell you all you need to know to file your ITR1 for FY2017-18. In this story, we will talk about how to file ITR1 online.

A step by step guide on how to file ITR online

Steps:

1.Visit the e-filing website

2.Register to e-file ITR

3.User Type

4.Basic details

5.Registration Form

6.Verification of PAN

7.Activation of Account

The process to electronically file Income Tax Returns (ITR) by using the internet is called e-filing. The process to e-file ITR is quick, easy, and can be completed from the comfort of an individual’s home or office. E-filing ITR can also help in saving money as you would not have to hire an individual to file ITR.

Get to know more about Income Tax, Income Tax Slabs, Income Tax Return, efiling Income Tax and Income Tax Refundhere. 

Step 1: Visit the e-filing website https://incometaxindiaefiling.gov.inOn the e-filing homepage you fill find several options to choose from. You must choose the relevant option.

Step 2: Login to e-file your returnsIn case you have registered yourself on the portal, select ‘Login Here’. 

Step 3: Register to e-file ITRIn case you have not registered yourself on the portal, select ‘Register Yourself’. 

Step 4: Select the User TypeIn order to register yourself with the Income Tax Department, you will have to first choose your ‘User Type’. The options available to you include Individual, Hindu Undivided Family (HUF), Other than Individual/HUF, External Agency, Chartered Accountants, Tax Dedcutor and Collector, and Third Party Software Utility Developer. 

Step 5: Basic details must be filled upYou will then have to fill in your personal information such as your name, your PAN and your date of birth. You can then use PAN as your user ID whenever you log in to the e-filing portal. You will also have to enter your contact details such as your mobile number and email ID. 

Step 6: Registration Form must be filledNext,

you will have to enter your current address and your permanent address before entering the Captcha code and hitting ‘Submit’. 

Step 7: Verification of PANYour PAN will then be verified by the system and your transaction ID as well as contact details will be displayed on the screen. 

Step 8: Activation of AccountLastly, you will have to activate your Income Tax Department account through the link sent to your email ID 

Did Not File Your Income Tax Returns? Here’s What You Can Do

In case you do not file your income tax returns, you will have to submit a response on the e-filing portal. Here are the steps to do it:

1. Log in to the e-filing website (https://incometaxindiaefiling.gov.in).

2. Click on the ‘Compliance’ tab and you will get two options, viz. ‘View and submit my compliance’ and ‘View my submission’. The first option will display the information for the assessment years when the return was not filed as per the records of the Income Tax Department or if the department needs third party details.

3. You can then select one of the options on-screen, viz. ‘the return has been filed’, or ‘the return has not been filed’.

4. If you select ‘the return has not been filed’, you will get the following options, viz. ‘return under preparation’, ‘no taxable income’, ‘business has been closed’, and ‘others’. Choose the relevant option and click on ‘Submit’. 

A step by step guide on how to file ITR offline

Super senior citizens (individuals who are 80 years old and above) are given the option to file ITR offline during the financial year. Another instance where the ITR can be filed offline is if an individual or HUF has an income of less than Rs.5 lakh and are not entitled to receive a refund. 

The step-by-step procedure to file returns offline is mentioned below:

Individuals must request for a Form 16.Next, you will need to submit the ITR returns in the paper form at the Income Tax Department.Once the form has been submitted, you will receive an acknowledgement slip from the Income Tax Department. 

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