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
Post a Comment