e-Filing – Objective
“To make it possible for the tax payers, tax deductors, tax professionals, other agencies directly or through authorized intermediaries, to submit their Returns and other forms, and / or avail other services electronically in an accurate, comprehensive, and expeditious manner from anywhere at any time in a simple and easy to use manner.”
- To reduce taxpayers’ compliance burden by providing an improved, efficient and high quality intemet based solution
- Provide a technologically sophisticated and an authenticated solution to meet the taxpayers’ expectations of confidentiality and security
- Automate end to end process for return preparation, payments, assessment and refund crediting
- Introduce and improve electronic payment methods to complement e-Filing and to completely streamline the e-Filing process.
- Provide a Helpdesk with quicker response to taxpayers through Calls and emails
What is e-Filing?
The process of electronically filing Income tax returns through the internet is known as e-Filing.
e-Filing of Returns/Forms is mandatory:
A. In the case of an Individual/HUF
a. Where accounts are required to be audited under section 44AB ;
b. Where (a) is not applicable and
(i) The return is furnished in ITR-3 or in ITR-4; or
(ii) The individual/HUF being a resident (other than not ordinarily resident) has Assets, including financial interest in any entity, located outside India, or signing authority in any account located outside India, or income from any source outside India;
(iii) Any relief in respect of tax paid outside India under section 90 or 90A or deduction under section 91 is claimed.
(iv) Where an assessee is required to furnish an Audit Report specified under sections 10(23C) (iv), 10(23C) (v), 10(23C) (vi), 10(23C) (via), 10A, 10AA, 12A(1) (b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB, 115VVV or give a notice under section 11(2)(a) shall e-File the same. These Audit Reports are to be e-Filed and any person required to obtain these Audit Reports are required to e-File the return.
(v) Total income exceeds five lakh rupees or any refund is claimed (other than Super Senior Citizen furnishing ITR1 or ITR2)
- In cases covered by (a) above, the return is required to be e-Filed under digital signature (DSC).
- In cases covered by (b) above, the return is required to be e-Filed using any one of the three manners namely i) Digital Signature Certificate (DSC) or ii) Electronic Verification Code (EVC), or iii) Verification of the return in Form ITR-V.
B. In all cases of company the return is required to be e-Filed under digital signature (DSC)
C. In the case of a person required to file ITR-7:
a. For a political party the return is required to be e-Filed under digital signature (DSC)
b. In any other case of ITR 7, the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITRV
D. In case of Firm or Limited Liability Partnership or any person (other than a person mentioned inA, B & C above) who are required to file return in Form ITR-5
a. Where accounts are required to be audited under section 44AB, the return is required to be e-Filed under digital signature (DSC)
b. In any other case the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITRV.
E. A company and an assessee being individual or HUF who is liable to audit u/s 44AB are required to furnish Form BB (Return of Net Wealth) electronically under digital signature.
F. Information to be furnished for payments, chargeable to tax, to a non-resident not being a company, orto a foreign company in Form 15CA.
Why e-File ?
- Anywhere –Anytime e-Filing
- Easy, Fast and Secure
- Immediate acknowledgment
- Faster refunds
- 24/7 service
- Value added services like tracking of refunds, 26AS view, e-mail and SMS alerts regarding status of processing and refunds through e-Filing portal.
- Dedicated Helpdesk to support the queries raised by all assessees
e-Filing Process
Types of E-Filing
Note: DSC is mandatory for:
- In case of any assessee whose accounts are required to be audited u/s 44AB of the Income Tax Act, 1961
- Companies
- Political Parties
- Any Income Tax Forms filed by Chartered Accountants, etc.
- Optional for all other assessees.
The Digital Signature Certificate (DSC) used for e-Filing the Income Tax Return/Forms should be registered on e-Filing portal.
Modes of e-Verification
Note:
- e-Filing EVC is applicable for the Returns whose taxable income is Rs.5 Lakhs and below & having No Refund.
- EVC (Electronic Verification Code) will be sent to your Email ID and Mobile Number registered with e-Filing portal and is valid for 72 hours.
- Login through NetBanking, upload the return and click on e-Verify.
- Aadhaar OTP will be sent to your Mobile Number registered with Aadhaar and is valid for 30 minutes.
e-Filing — User Types
- Individual
- HUF
- ERIs
- Company / BOl / AOP / Firm / Trust / Local authority / Artificial judicial person / Government
- External Agencies
- Tax professionals – Chartered Accountants
- Tax Deductor and Collector
- Income Tax Officials (Through intranet only)
- Helpdesk users (Through intranet only)
