Thursday, July 30, 2009

IT Returns online made easy

It is that time of the year again, when you have to file your taxes. For those who want to avoid the hassles of going to an agent, or standing in a long queue, here is a super tip. It takes a maximum of 30 minutes to file your IT returns using this method.

  1. Open the site https://incometaxindiaefiling.gov.in
  2. Register for user (give the user id as your PAN number)
  3. You will receive the registration mail
  4. Login to the site with the credentials provided in the mail
  5. Go to downloads menu. Download ITR1 for person paid salary.(You have different form for each category)
  6. Fill out all the details in the ITR form
  7. Validate each page General1, General2, TDS (fill either 21 or 23)
  8. Click on Generate XML
  9. Check the summary and click on ‘Save XML’
  10. Click ‘Submit return’ in the home page
  11. Select the file and click on Upload. (Do not select the check box here... as it requires the Java runtime updated...)
  12. you will see a message that it is successfully submitted.. if not error then go to (step 11)
  13. Go to my profile menu -> My Returns
  14. Select ‘2009-2010’ and click ‘Submit’
  15. Click on the link ‘Click here’ to get the submitted ITR form ... or they would have already sent the copy to you.

Note: If the person doesn’t have digital signature, then after submitting returns he/she gets ITR V. This has to be submitted to the nearest income tax office within 15 days of filing tax returns.
If the person has digital signature, then he/she gets online acknowledgement, and nothing more has to be done for filing.


In the online world, I say it is time now to stop encouraging consultants or brokers. Enjoy filing online and save Rs 200/- or more, that you pay to tax consultants.

[Source]

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