How to e-file Income Tax Return

How to e-file Income Tax Return

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General
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Created By Admin Last Updated Tue, 06-Oct-2020

Today I am writing this article which will cover the in-depth procedure of E-filing of Income Tax Return.

Stepwise Procedure of the E-filing of Income Tax Return:

 

Steps

Particulars

Step 1

Go to the Income Tax e-Filing portal, www.incometaxindiaefiling.gov.in

Step 2

Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’.

Step 3

Click on the ‘e-File’ menu and click ‘Income Tax Return’ link.

Step 4

On Income Tax Return Page:

• PAN will be auto – populated

• Select ‘Assessment Year’

• Select ‘ITR Form Number’

• Select ‘Filing Type’ as ‘Original/Revised Return’

• Select ‘Submission Mode’ as ‘Prepare and Submit Online’

Step 5

Click on ‘Continue’

Step 6

Read the Instructions carefully and Fill all the applicable and mandatory fields of the Online ITR Form.

Note: To avoid loss of data/rework due session time out, Click on ‘Save Draft’ button periodically to save the entered ITR details as a draft. The saved draft will be available for 30 days from the date of saving or till the date of filing the return or till there is no change in the XML schema of the notified ITR (Whichever is earlier).

Step 7

Choose the appropriate Verification option in the ‘Taxes Paid and Verification’ tab.
Choose any one of the following option to verify the Income Tax Return:• I would like to e-Verify• I would like to e-Verify later within 120 days from date of filing.• I don’t want to e-Verify and would like to send signed ITR-V through normal or speed post to “Centralized Processing Center, Income Tax Department, Bengaluru – 560 500” within 120 days from date of filing.

Step 8

Click ‘Preview and Submit’ button, Verify all the data entered in the ITR

Step 9

‘Submit’ the ITR.

Step 10

On Choosing ‘I would like to e-Verify’ option, e-Verification can be done through any of the following methods by entering the EVC/OTP when asked for.

• EVC generated through bank ATM or Generate EVC option under My Account

• Aadhaar OTP

• Prevalidated Bank Account

• Prevalidated Demat Account

• Digital Signature Certificate

Note:

On Choosing the other two verification options, the ITR will be submitted but the process of filing the ITRs is not complete until it is verified. The submitted ITR should be e-Verified later by using ‘My Account  e-Verify Return’ option or the signed ITR-V should be sent to CPC, Bengaluru.

Step 11

The EVC/OTP should be entered within 60 seconds else, the Income Tax Return (ITR) will be auto-submitted. The submitted ITR should be verified later by using ‘My Account  e-Verify Return’ option or by sending signed ITR-V to CPC.

I hope the above process will give you clarity about the procedure. So lets gear up and file your return within due date.