Guide to File Income Tax Return Absolutely Free by Tool

Due to pandemic November 30, 2020, is the last date for filing the ITR for FY 2019-20 (AY2020-21) which is extended by the Central Board of Direct Tax (CBDT).

From the laws of Income-tax, various forms are available for the taxpayers of various kinds for filing the income tax return forms for the financial year 2019-20 in the name of ITR1, ITR2, ITR3, ITR 4, ITR 5, ITR 6 and ITR 7.

The method of filing the IT return is called e-filing.

For filing the income tax, the IT department has introduced the unconventional portal.

Step 1: Proceed into income-tax e-filing portal -- incometaxindiaefiling.gov.in

Step 2: Download appropriate ITR utility under Downloads > IT Return Preparation Software.

Step 3: Extract the downloaded utility ZIP file and open the utility from the extracted folder.

Step 4: Choose the appropriate and necessary fields of the ITR form.

Step 5: Verify all the tabs of the ITR form and calculate tax.

Step 6: Generate and save the XML.

Step 7: Now, login to the e-filing portal by entering user ID (PAN), password, captcha code and click login.

Step 8: Click on the e-file menu and the click income tax return link.

Step 9: On the ITR page, PAN will be auto-populated. Select assessment year.

Step 10: Select ITR form Number, Filing Type as original/revised Return.

Step 11: 'Select Submission Mode as Upload XML.

Step 12: To e-verify returns, pick one of these modes -- enrolled mobile number, net banking, Demat account number, bank ATM, bank account number, Aadhaar OTP, and e-mail id.

Also for the private entities that income tax has been registered enables the e-filing process from their websites.

It is free to file the ITR on income tax officials while some websites may charge for individual activities or you can also try the free download Gen income tax return filing software available for the professional tax experts.

Comments

Why Small Firms Should Consider Gen Payroll Software?

Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...

How ITR Software Assists Individuals in Filing Tax Returns

Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...

A List of Top Chartered Accountant Software in India

Here, we introduce Genius as a helpful tax compliance software for chartered accountants in India. As we know, the taxation system is vast, with several taxes levied by the Indian government in the form of income tax, TDS, wealth tax, etc. So, instead of e-filing that many taxes, the need for software arises, which can e-file several taxes at once. SAG Infotech's developer team always gives new updates to the taxation industry. Genius Tax Software It is a complete package with facilities like Gen BAL, Gen IT, Gen CMA, Gen Form Manager, Gen e-TDS and AIR. Also, It provides maintenance aids of the database containing information of clients such as their address and telephone directory, partner’s details and signatory details. With Genius, one can also grow with your business. Genius is an unlimited tax return filing software for clients in such a way that one can backup, restore data set passwords, etc. While the help option gives a solution for any of your problems. Another fa...

SAG Infotech: Need Tax Software (Call 0141-4072000)

Search This Blog