Skip to main content

All Steps to File Online ITR with JSON File for FY 22-23

Image
By
ITR Filing Guide with JSON Utility for FY 22-23

The ITR can be filed by the assessees online for the AY 2023-24 with the help of released Excel utilities for ITR-1 and ITR-4. 

Simple Defintion of ITR 1

Individuals who are residents but are not ordinarily residents can use ITR-1 to file their taxes. They should have a total income of up to Rs 50 lakh, including salary, one residential property, and other sources of income such as interest and agricultural revenue up to Rs 5000.

What is an ITR 4?

For tax filing by individuals, HUFs, and Firms (other than LLP), who are a resident having total income up to Rs 50 lakh and securing income from business and profession, ITR-4 could be in use, the income can be calculated under sections 44AD, 44ADA or 44AE and agricultural income up to Rs 5000.

Below mentioned are the steps that you can comply with for filing the ITR online through the assistance of offline ITR-1 and ITR-4 Excel utilities.

Step 1: Proceed to the incometax.gov.in website.

Step 2: Tap on "Login", enter information like your User ID (PAN/Aadhar/Other User ID), enter your password, and tap on “Continue”

Step 3: Tap on the “File Now” tab under “File you return for the year ended on 31-Mar-2023”

Step 4: Choose 2023-24 (Current A.Y) as the assessment year. Select “Section 139(1) – Original Return” as the filing type. Also, Tap on “Yes” or “No” to acknowledge whether you are audited under section 44AB or a political party according to section 13A. Also, choose the ITR type – ITR-1 or ITR-4 as per relevance in your case and tap on "Continue".

Step 5: Upload your ITR form. The same must be in the .json file format only. According to the Income Tax e-filing website, you can upload your filled ITR form prepared through the offline Excel-based utility furnished via the CBDT. You can download the offline utility for ITR via the income tax website. (https://www.incometax.gov.in/iec/foportal/downloads/income-tax-returns). When you have not downloaded your pre-filled data then proceed to this link (https://eportal.incometax.gov.in/iec/foservices/#/dashboard/downloadPreFilledData) to download the pre-filled data page.

Step 6: Post uploading the ITR form in .json format tap on “Proceed to verification” to finish the remaining formalities of ITR filing.

July 31, 2023, will be the due date for filing ITR for individuals for AY 2023-24. One is required to take assistance from a qualified tax professional/chartered accountant in order to file the offline ITR forms. 

A great solution for calculating income tax, advance tax, self-assessment tax, XML or JSON generation of tax forms is Gen Income Tax Filing Return Software. By using this software you can prepare your ITR quickly and easily, also it is used for electronic filing directly from the program. There is a number of industry-compulsory features included in the software for filing income tax returns,  automatic form selection, import master data and income details, arrear relief calculation and e-payment of challans with verification.

Comments

Post a Comment

Popular posts from this blog

Check Summary of 2023 MCA Amnesty Scheme for LLP e-Forms

By
The discussion shall take place for "Latest Amnesty Scheme introduced by MCA in relation to Limited Liability Partnership". A General Circular No 08/2023 Dated: 23rd August 2023- Subject- Condonation of Delay in filing of Form-3, Form 4, Form 11 u/s 68 of LLP Act, 2008 is been issued by the MCA.  MCA has acknowledged that they've received numerous complaints regarding technical glitches on their website and discrepancies in the master data. These issues have prevented Limited Liability Partnerships (LLPs) from submitting the LLP-3, LLP-4, and LLP-11. In order to facilitate a more business-friendly environment, the MCA is utilizing its authority under Section 67 of the LLP Act, 2008. They have decided to grant a one-time relaxation in additional fees and any related penalties for delayed filing of the aforementioned three forms, as elaborated in this article. However, one aspect of this initiative raises some confusion. Why hasn't the MCA included Form LLP 8 in this a
Post a Comment
Read more

All Special Features of Gen I-T Software with Downloading Steps

By
Gen IT is one of the income tax software created by professionals from SAG Infotech Pvt. Ltd. This software helps to compute Income Tax, Interest Calculations, Advance and Self Assessment Tax. The software is created with high quality-perfection to prepare returns. It also provides e-filing to upload returns with the help of the software. This software is proficient in calculating Income Tax, Advance, Interest Calculations, and Self Assessment Tax. The quality of the software is very high as the returns are prepared by it. The software provides the facility to file and upload returns. Also, there are simple steps to download the free download Gen IT software for the trial version. To complete the processes, the Gen Income Tax returns filing software has 2 different sections which include - Client Manager, Income Tax, Billing, AIR, Calculator, Backup/Restore, Password and Printer Settings, Bulk SMS/E-Mail and Help. These operations are explained briefly below- 1. Client Mana
Post a Comment
Read more

All About Advance Tax Payment Rule Under IT Act, 1961

By
A tax expert answers the question- ‘the requirements of advance tax provisions under the Income-tax Act 1961’. Advance tax, as the name itself indicates that the tax paid by individuals in the financial year when the corresponding income is earned, rather than in the assessment year when the income is assessed for taxation purposes. This payment is calculated based on the consolidated income earned and expected to be earned from various sources, such as salary, rent, interest, and more. It takes into account applicable deductions, exemptions, and credits for taxes deducted at source (TDS) or taxes collected at source (TCS). According to section 208 of the Income Tax Act, 1961, individuals whose estimated tax liability for the year amounts to Rs. 10,000 or more are required to pay advance tax. However, senior citizens aged 60 years or above who are residents and do not earn any income from business or profession are exempt from paying advance tax. Typically, advance tax payments are ma
Post a Comment
Read more