Monday 7 May 2018

A quick guide to online tax filing for FY 2017-2018; you can do it online in less than 15 minutes


The Income Tax Return filing season is here and the deadline to file Income Tax Return for the Financial Year 2017-18 is 31st July 2018. Filing income tax returns sounds like a major task, but not anymore. Here’s how you can file your Income Tax Returns online in less then 15mins and we will tell you how you can file Online ITR.

Before you start Online Filing of Income Tax Returns here are the things that you must keep by your side: -

  •          PAN Card
  •          Adhaar Card
  •          Bank account details
  •          Form 16
  •          Investments details

Here are steps with which you can file Online Income Tax Returns: -

  • In order to file your Income Tax Returns online you will have to go to the Income Tax Department’s official website.
  • In case you are doing it for the first time you can click on option of 'New Registration' and you will have to first register yourself by filling all your correct details and by creating a profile and password. While creating your profile, ensure that you have an active e-mail account and you submit your working mobile number.
  • Your registration process will complete once you click on the link that is mailed to you.
  •  In case you already have an account, you will have to click on 'Registered user'.
  • Click on the ‘login’ option and enter the required information, including user ID, PAN, password, date of birth and captcha code.
  • Once you sign in, you will see your dashboard. Click on the 'e-file' tab and select the 'Prepare and submit ITR online' option on the window in front of you.
  • Then you will have to select the most suitable form and financial year for which you have to file the returns. Choose the pick address either from the PAN database, from previously filed return or fill in new address. The department asks you if you want to digitally sign in, to your return. If you choose 'Yes', you will have to upload your digital signature.
  • After filling the form click on 'Submit'. You will be redirected to the page to fill the form selected by you. Before you fill the ITR form make sure you read the 'General Instructions' in the beginning of the form to know about the do’s and don’ts.
  • Then you will have to fill in the required information in different tabs. Make sure that the Tax payable shown in the form matches with your calculations.
  • After that Click on the 'Preview and Submit' button. After you do this your form will appear allowing you to preview your ITR form before you finally submit it.
  • Once you click on 'Submit', your ITR Form will be uploaded and you will be asked to verify your return using the available options.
  •  If you have already registered with your digital signature, you will be asked to upload the same while submitting your ITR. Once it is uploaded and submitted, the process of ITR filing is completed.
  •  In case you do not have or have not uploaded the digital signature while filing the return, you can verify your return either electronically by using Electronic Verification Code, Aadhaar OTP or by sending a signed print out of the ITR V to CPC, Bangalore within 120 days from the date of e-filing of your Income Tax Returns.

Thursday 3 May 2018

Simple steps to filing income tax returns online


All the salaried individuals are eligible to file Income Tax Returns using ITR Forms from ITR-1 to ITR-4. Here are some simple steps that you can follow in order to file Income Tax Returns online: -

  • ·         In order to file your Income Tax Returns online you will have to go to the Income Tax Department’s official website.
  • ·         In case you are doing it for the first time you can click on option of 'New Registration' and you will have to first register yourself by filling all your correct details and by creating a profile and password. While creating your profile, ensure that you have an active e-mail account and you submit your working mobile number.
  • ·         Your registration process will complete once you click on the link that is mailed to you.
  • ·         In case you already have an account, you will have to click on 'Registered user'.
  • ·         Click on the ‘login’ option and enter the required information, including user ID, PAN, password, date of birth and captcha code.
  • ·         Once you sign in, you will see your dashboard. Click on the 'e-file' tab and select the 'Prepare and submit ITR online' option on the window in front of you.
  • ·         Then you will have to select the most suitable form and financial year for which you have to file the returns. Choose the pick address either from the PAN database, from previously filed return or fill in new address. The department asks you if you want to digitally sign in, to your return. If you choose 'Yes', you will have to upload your digital signature.
  • ·         After filling the form click on 'Submit'. You will be redirected to the page to fill the form selected by you. Before you fill the ITR form make sure you read the 'General Instructions' in the beginning of the form to know about the do’s and don’ts.
  • ·         Then you will have to fill in the required information in different tabs. Make sure that the Tax payable shown in the form matches with your calculations.
  • ·         After that Click on the 'Preview and Submit' button. After you do this your form will appear allowing you to preview your ITR form before you finally submit it.
  • ·         Once you click on 'Submit', your ITR Form will be uploaded and you will be asked to verify your return using the available options.
  • ·         If you have already registered with your digital signature, you will be asked to upload the same while submitting your ITR. Once it is uploaded and submitted, the process of ITR filing is completed.
  • ·         In case you do not have or have not uploaded the digital signature while filing the return, you can verify your return either electronically by using Electronic Verification Code, Aadhaar OTP or by sending a signed print out of the ITR V to CPC, Bangalore within 120 days from the date of e-filing of your Income Tax Returns.
  •  ·        An Acknowledgement or the ITR V will be e-mailed to you once your return is successfully uploaded.
  • ·         The department will process your ITR once you verify it, by sending it to CPC Bangalore. Once your ITR is processed, you will be given information on the same via an e-mail and text message on your registered mobile number.


Source:- http://allindiaitrblog.blogspot.in/2018/05/how-to-secure-income-tax-returns-e.html

How to secure income tax returns e-filing account?


The Income Tax Department’s e-filing websites not only helps you file Income Tax Returns, but it also provides you, your verification status and other income tax related inform. This entire process makes the website a sensitive one. Due to this reason, Income Tax Department provides the taxpayers various options which he/she can incorporate in his/her income tax e-filing account to make it more safe and secure.

Here are the steps, by following which you can secure your Income Tax E-filing account: -

  • ·       Firstly, you will have to go to the Income Tax e-filing website’s Higher Security web page. You will find this page under the Profile Settings tab in the e-Filing Vault, go to the Higher Security option.
  • ·         Now you will come across two headings and they are you must choose the Login with Higher Security Options, which will allow you to add an extra layer of security while logging in and the second option being Lock Reset Password Options which will prevent your account from changing the password without an extra layer of authentication.
  • ·         Under Login with Higher Security Options, select the option you want to enable. You can choose Login through Net-Banking for this tutorial. You may also choose from Login using Aadhaar OTP, Login using DSC (digital signature certificate), Login using Bank Account EVC (electronic verification code), and Login using Demat EVC.
  • ·         Once you check that option, you will have to click on Proceed option.
  • ·         After this you will see a pop-up describing the security method. Click Ok and then go ahead with the process.
  • ·         You will be back to the page in step 3. You will have to Click Proceed again.
  • ·         The next page will ask you to confirm your authentication method. You need to Click Confirm.

Here’s how you can lock your password and reset it: -

  • ·         You will have to go to the Income Tax e-filing website’s Higher Security webpage.
  • ·         Scroll down to Lock Reset Password Option.
  • ·         Resetting your password via net banking is always enabled. You can prevent resets via other methods such as Using Aadhaar OTP, Upload DSC, Using Bank Account EVC, and Using Demat EVC.
  • ·         After this step you will get a confirmation pop-up. On that you will have to press click Generate Aadhaar OTP.
  • ·         Then the website will ask you to enter the OTP. Enter it and click Validate.
  • ·         In the next step click on Confirm.

So, those were a few steps using which you can make your Income Tax E-filing account secure, this ITR season.


A quick guide to online tax filing for FY 2017-2018; you can do it online in less than 15 minutes

The Income Tax Return filing season is here and the deadline to file Income Tax Return for the Financial Year 2017-18 is 31 st July 2018...