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Sunday, May 15, 2011

e-Filing for A/Y 2011-12 Starts

Friends,

Income Tax Department has started the e-Filing facility to file your Income Tax Returns HERE for the Assesment Year 2011-12. The Return Preparation Utility (RPU) for ITR-1 (SAHAJ) and ITR-2 are now available at the Income Tax Site. What you need is first of all check which form is applicable to you. Here are the Status as defined like as  Individuals, HUF , Firms, Associations of Persons (AOP), Body of Individuals (BOI), Local Authority, Companies, Trusts, Fringe Benefit Tax (FBT) Return .


Steps to  e-File Your Income Tax Return :-

1     First of all Select appropriate type of Return Form which is applicable according to your status.
   
2     Download Return Preparation Software for selected Return Form.
   
3     Fill your return offline and generate a XML file.
   
4     Register and create a user id/password
   
5     Login and click on relevant form on left panel and select "Submit Return"
   
6     Browse to select XML file and click on "Upload" button
   
7     On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.
   
8     Incase the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed. You may take a printout of the Acknowledgement for your record.
   
9     Incase the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. A duly verified ITR-V form should be mailed to “Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, ” BY ORDINARY POST OR SPEEDPOST ONLY within 120 days after the date of transmitting the data electronically.

ITR-V sent by Registered Post or Courier will not be accepted.

No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner. In case, Form ITR-V, is furnished after the above mentioned period, it will be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the assessee to electronically re-transmit the data and follow it up by submitting the new Form ITR-V within 120 days. This completes the Return filing process for non-digitally signed Returns.
   
10     For any assistance in electronic filing please contact the Public Relations Officer of the local Income Tax Office.

Dos and Dont's for printing and submitting of ITR-Vs to ITD-CPC Bangalore

1. Please use Ink Jet /Laser printer to print the ITR-V Form. Avoid printing on Dot Matrix printer.
2. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR V.
3. Ensure that print out is clear and not light print/faded copy.  Please do not print any water marks on ITR-V. 
4. The only permissible watermark is that of "Income tax Department" which is printed automatically on each ITR-V.

5. The document that is mailed to CPC should be signed in original in BLUE INK. Photocopy of signatures will not be accepted. The signatures or any handwritten text should not be written on Bar code. Bar code and numbers below barcode should be clearly visible.

6. Only A4 size white paper should be used. 
7. Avoid typing anything at the back of the paper.
8. Perforated paper or any other size paper should be avoided.
9. Do not use stapler on ITR V acknowledgement.
10. In case you are submitting original and revised returns, do not print them back to back. Use two separate papers for printing ITR-Vs separately.
11. More than one ITR-V can be sent in the same envelope.
12. Please do not submit any annexures, covering letter, pre stamped envelopes etc. along with ITR-V.
13. The ITR-V form is required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post or speedpost.
14. ITR-Vs that do not conform to the above specifications may get rejected or acknowledgement of receipt may get delayed.

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