Skip to main content

Guide to File Income Tax Return Absolutely Free by Tool

File Income Tax Return Absolutely Free

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

Popular posts from this blog

A Full Guide to GST E-Way Bill 2 for Faster Compliance

  Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seconds

Gen Online Payroll Software for Small Business in India

In today's digital world, every person and businessperson works very hard to manage data manually, which can be a time-consuming and labour-intensive task, particularly when information needs to be constantly updated and verified. Likewise, managing large volumes of employee-related data can be a challenging and overwhelming task for HR professionals. Therefore, to address the workload and complexity of these tasks, the IT sector has developed Payroll software. In recent years, we have seen a huge growth in the number of Payroll software options. Yes, there are many types of HR Payroll software available in the Indian market at present. If you're looking for a reliable and popular payroll software option, you can choose Gen Online Payroll software, brought to you by SAG Infotech. Whether the business is medium or small, Gen Payroll software can make managing numerous important tasks of a human resources manager hassle-free. The Online Payroll software assigns a unique

GST Collection of August 2024 Reaches INR 1.75 Lakh Crore

Concerning the financial front, gross GST collections for August 2024 show a strong 10% growth, reaching approximately ₹1.75 lakh crore.  This surge, driven by robust domestic consumption, led to a 9.2% increase in GST revenues from domestic transactions to approximately ₹1.25 lakh crore. Revenue from imported goods also saw a substantial rise of 12.1%, totalling ₹49,976 crores.  Despite the overall growth, there was a slight decrease from the ₹1.82 lakh crore collected in July 2024 when compared month-on-month. However, industry experts remain optimistic.  They point out that the 10% year-on-year increase at the commencement of the festive season is a strong indicator of sustained and potentially growing consumption in the upcoming months. The government's ongoing efforts to simplify the GST process, especially through measures such as adjusting rates to lower working capital expenses, have been positively acknowledged.  This dedication is also evident in the ₹24,460 crore in