CA Soniya Agarwal
Now the Steps for filling online return are hereunder:
Step 1: Open the Income Tax portal https://incometaxindiaefiling.gov.in/, and under the download menu on the right hand side you will find the list of ITR for A.Y.2020-21. . Download the Income Tax Return (ITR) form applicable to you.
Step 2:- Open the downloaded excel or Java utility of ITR and complete the form by entering all the details.
Step 3 :- Confirm all the information in the worksheet by clicking the ‘Validate’ tab & cross check the same from FORM 16/16A, Form 26AS or any other relevant back up documents.
Step 4:- Ascertain the tax payable by clicking the ‘Calculate Tax’ tab. Pay tax (if applicable) and enter the challan details in the tax return. Tax can be paid online through site https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp using Challan 280.
Step 5:- Proceed to generate an XML file and save it on your computer.
Step 6:- Log on to the Income Tax Department’s portal https://incometaxindiaefiling.gov.in/ meant for filing taxes online using your Permanent Account Number (PAN), which will act as your user ID.
Step 7 :- Go to ‘Filing of Income Tax Return’ Tab under ‘E-file’ menu. (Currently department giving this tab as quick link under ‘dashboard’ option as well). The screenshot is as under:
After clicking this option, on next page fill all the require details as per your Income Tax Return e.g. ITR No, Assessment Year, Filing type (Original/ Revised), Submission mode, and verification method. The screenshot is as under:
After filling all the details click on ‘Continue’. On next page upload XML file saved and proceed your return. If your ITR has option to digital signing then the option of digital signature will display. Please keep in mind that if you wish to verify your return through Digital signature, you have to register it on E-filing portal before attaching it with your return. After successful submission of return, Acknowledgement will be generated (ITR V).
Step 8 :- Many people think once ITR V acknowledgement generated, the process got complete but this is very wrong thinking. The most important part of Online filing is its last step i.e. E-verification. If you attached Digital signature at the time of filing then you need not do anything further. But in any other case, as we observed above in screenshot have 3 options for verification.
1. Aadhaar OTP
2. Electronic Verification Code (EVC) through
3. Manual submission of signed ITR V to CPC Bengaluru via speed or ordinary post
Hence by following any of the above method assessee have to complete verification process within 120 days from date of filing of return, otherwise that return will consider as not filed at all and rejected.
I hope the above article will help you to file your Income Tax Return Online very smoothly.
Some Suggested Posts related to above
|1||A.Y. 2020-21 ITR Forms: Eligibility Criteria & Changes|
|2||ITR wise changes in Income Tax Return Forms – AY 2020-21|
|3||How to use / Enable E-filing Vault on Income Tax|
|4||Understanding Compliance Query of Income Tax Department|
|5||Income Tax e-Filing DSC management utility|
|6||How to File Income Tax Return of a Deceased Assessee?|
|7||FAQs on filing the return of income|
|8||For whom e-filing of Income Tax Return (ITR) is Mandatory|
|9||Guide to know ITR applicable: Which ITR Applicable to whom?|
|10||How to reset password when activation link not confirmed while registering PAN in Income Tax Department|
(Republished with Amendments by Team Taxguru)