THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN THROUGH THE INTERNET IS KNOWN AS e-FILING.
WHO CAN e-FILE?
-Company/BOI/A0P/Firm/Trust/Local authority/Artificial juridical person
-Tax professionals -Chartered Accountant
-Tax Deductor and Collector
-Electronic Return Filling Intermediaries
ADVANTAGES OF e-FILING
ONLINE e-FILING PROCESS (ITR 1 & ITR 4)
OFFLINE e-FILING PROCESS
Going Completely Online Can Be Difficult, Especially When You Have Multiple Forms With Numerous Data and Laborious Calculations. So To Ease You In, The Option To Download And Then Upload A Completed File Without The Fear Of ‘Session Timeout Also Provided.
HERE’S HOW YOU GO ABOUT THE PROCESS:
Once you’ve Submitted Your ITR, It Is Important to Verify to Complete the Filing. E-Verification Is The Easiest Way Of Verifying Your ITR Which Saves Your Effort Of Sending Signed ITR-V To CPC Bengaluru.
HOW TO e-VERIFY
You can a-Verify using Electronic Verification code or Aadhear OTP or by logging in through net banking. EVC may be obtained using pre-validated Bank Account or pre-validated Demat Account or Bank ATM.
Hers are a few simple steps to complete the process:
Get online and get on with live.
e-Proceeding is an electronic platform for conducting proceedings in an end-to-end manner.
All The notices/intimation/letters from the department are made available under e-Proceedings where the assessee would be able to view and submit the response along with attachments by uploading the same on e-Filing portal.
It will substantially reduce compliance burden on the assessees, enable safe storage and tracking of all e-submission made by the assessee and makes the entire process paperless.
You can provide the reason for delay in submission of ITR-V or a-Verification. In submission, you will be given an option to e-verify the return after 120 days by giving reasons for delay.
LINK AADHAAR WITH PAN
Linking Aadhaar with PAN Is Mandatory for filing the Income Tax Returns, e-Filing portal facilitates the taxpayers to link their Aadhaar with PAN.
PRE-VALIDATION OF BANK ACCOUNT
Refund is credited only in pre-validated bank account Use this facility to pre-validate your bank account for smooth crediting of your refund.
GENERATE INSTANT ONLINE PAN
Free of cost facility to generate PAN instantly based upon Miter KYC for people with Aadhar who do not have a PAN
To authenticate any notice / order by the Income Tax Department using Document Identification Number (DIN)
Common gateway for verifying PAN details, TAN Details and Return verification details
To shield your e-Filing account against any fraudulent activity or unauthorised access, e-filing Vault adds a second level of authentication which ensures higher degree of security compared to simple user ID and password.
Higher security options are available for e-Filing login and Reset Password.
One of the following options may be chosen for higher security
IMPORTANT FUNCTIONALITIES ON THE e-FILING PORTAL
FILE ONLINE RECTIFICATION
In case the taxpayer wants to seek rectification of a mistake in an order or intimation issued by the department which is apparent from the record, taxpayer can seek ‘Rectification under Section 154’.
VIEW ANNUAL TAX CREDIT STATEMENT (26 AS)
To view details of taxes paid by self or Tax deducted / collected at source.
VIEW AND RESPOND TO AN OUTSTANDING DEMAND
The taxpayer can view and respond to Outstanding Demand online by either choosing to agree or disagree with the demand.
REFUND RE-ISSUE REQUEST
In case of refund failure, taxpayer can raise the service request in e-Filing Portal Upon receiving communication from CPC