Thursday, October 13, 2011

How to file Tax Returns Online

The filing dates for tax return are just around the corner. With the introduction of e-filing or online filing of tax returns, the task has become much easier than it used to be earlier. E-filing of tax returns is a simpler options for the direct tax payers in India. There are three ways in which e-filing of tax returns can be done online:
E-filing using a digital signatures. If you use this method then there is no need for a paper return to be submitted. If you don’t have a digital signature, don’t worry and read next 2 ways.

E-filing without the digital signatures. By this option the ITR-V form has to be filled and signed. This form is a one-page receipt and act as a verification form.

Take help from an E-filing intermediary who will do most of the task for you and makes your e-filling very easy.

Requirements to start e-filing of tax-returns

1) You need a banking account with net-banking facility.

2) Register with this website www.incometaxindiaefiling.gov.in and create a user name and password. You
will be required to enter your PAN card number. Your address details will be picked from the IT department database based on your PAN number.

3) Enter other personal details. The email address is important as all communication will be done through the email id. Be careful about entering the correct personal details.

4) Once you register, an e-mail will be sent confirming registration and you have to activate your account. Once this is done, you are ready to file your income returns online. You must now download the appropriate ITR form.


Last date for filing returns

The last date to file your returns is July 31, 2011. For those who need to get their account books audited under the Income Tax Act, the last day is October 1, 2011.

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