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This 10 minute video explains steps in filing ITR, ways to file ITR : Excel Utility, Java Utility or Online, Documents required and Form 26 AS. This video is based on our article E-Filing of Income Tax Return,

Video on Ways to File ITR , Steps to File ITR

Bemoneyaware’s video on Youtube  is at https://www.youtube.com/watch?v=6uPW-iavZPc

Summary of Video is given below

Steps In Filing Income Tax returns

To file on incometax department efiling website incometaxindiaefiling.gov.in steps are ”

  1. Fill the form for which there are two options
    • File return offline : means you can download the form, fill it without being connected to internet and submit the form online.
    • File return online (which currently shows for filing only ITR 1,ITR4S) : means that you need to be connected to internet for filling the form as well as submitting it.
  2. Choose whether you want to use digital signature while filing. A digital signature authenticates electronic documents in a similar manner a handwritten signature authenticates printed documents. This signature cannot be forged.
  3. If you do not use digital signature the Income Tax receipt, called as ITR-V, needs to be printed and sent to Central Processing Unit (CPC) Banaglore within 120 days of filing return.
Steps in Filing Income Tax Return

Steps in Filing ITR

When does one need to e file returns

E-Filing Returns is  compulsory for:

  • Individuals earning over Rs 5 lakh a year. They are required to file their tax returns in the electronic format from AY 2013-14 (FY 2012-13) and subsequent assessment years.
  • Individual/HUF, having total Income of Rupees 10 lakhs. It was made mandatory from AY 2012-2013((FY 2011-12) and subsequent assessment years.
  • Individual/HUF /Firm auditable under section 44B of the IT Act, 1961. It was made mandatory for AY 2012-2013 and subsequent assessment years.
  • All Companies

How to file returns using Excel or Java Utility

Which utility to choose depends on your familiarity and your ease of use with software such as Excel, Java or form based. Information to be filled is same in all. As Amitabh Bachchan says famous lines from his father’s Harivansh Rai Bachchan, raah pakaD tu ek chalaa-chal paa jaayega madhushaala .

Steps to file returns offline are :

  1. Download the applicable ITR form which is zip file with Microsoft excel file or Java Utility also called as Return Preparation Software
  2. Fill it offline
  3. Generate a XML file and save it to your computer.
  4. Logon to incometaxindiaefiling.gov.in (If you don’t have the Login you need to register )
  5. Go to e-File->Income Tax Return and Upload your XML file (saved in step 3)
  6. Choose whether you want to use Digital Signature or not
  7. On successful upload acknowledgement details would be displayed.
  8. If you did not use digital signature and  you did not meet requirements for Electronic Verification code ex : did not fill the Aadhaar the Income Tax receipt, ITR-V, needs to be printed out and sent to Central Processing Unit (CPC) Banaglore within 120 days of filing return.
Excel Utility for filing ITR

Excel Utility for filing ITR

Java Utility

ITR Java Utility

ITR Java Utility

Online

Those filing ITR1 or ITR 4S can file online after logging in to incometaxefiling.gov,in and selecting Quick e-File ITR ,as shown in image below (Click on image to enlarge)

File ITR Online

File ITR Online

Documents required while filing ITR

As per income tax department documents required for filing ITR are shown in image below

ITR checklist for documents required

ITR checklist for documents required

Various documents depending on Types of Income are shown below (Click on image to enlarge) and articles to help you understand

Documents required for filing ITR

Documents required for filing ITR

Steps in Filing an ITR

Steps in filling an ITR are explained in articles  and shown in image given below

Steps in filing ITR

Steps in filing ITR

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