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

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

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...

Major Income Tax Rule Changes to Simplify Return Filing

Income Tax Return Filing- The normal Income tax return filing due date for AY 2024-25 ended on July 31, 2024. On December 31, 2024, the due date to file a belated ITR with a penalty amount of Rs 5000 will end. The Income Tax Department after the July 31 deadline will provide different categories of taxpayers with specific deadlines to furnish income tax return filing (ITR) . For instance, the tax department has extended the ITR filing date for those who require the audit of their accounts from 31st October 2024 to 15th November 2024. Below we talk 5 amendments in the rules of the income tax concerning tax returns filing via the taxpayers. With New Form 26AS Improved Tax Transparency The introduction of the new Form 26AS furnishes the complete data to the taxpayer along with the details of tax deductions or collections at source, demands, payment of taxes, specified financial transactions (SFTs) and refunds. Also, the inclusion of SFT data assures that the taxpayers know about their tra...

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

Search This Blog