How To file Income Tax Return Online ?

Friends,

Now a days every one is busy in finalising their Income Tax Calculations for the financial year 2010-11. After doing all this one have to file Income Tax Return for the respective year. Here we will talk about How to file Income Tax Return Online as Income Tax department has provided this facility. It's very easy after knowing simple steps described below.

In this article I will try to tell all aspect of online income tax return. It is very easy task for layman even you don’t required any software. However you need to know about scrolling of computer mouse. There are lots of benefits to file income tax return online. No need to stand in long queues at the income tax department.  No fear of lost any document, one can print and download whenever you wants after log-in your account.
 

Filing Income Tax Return

  1. Select appropriate type of Return Form

Which Form is Applicable

S.No For Þ Individual Individual, HUF Source of Income ß ITR-1 ITR-2 ITR-3 ITR-4 1 Income from Salary/Pension • • • • 2 Income from Other Sources (only Interest Income or Family Pension) • • • • 3 Income/Loss from Other Sources • • • 4 Income/Loss from House Property • • • 5 Capital Gains/Loss on sale of investments/property • • • 6 Partner in a Partnership Firm • • 7 Income from Proprietary Business/Profession •

   2. Download Return Preparation Software for selected Return Form.

   3. Fill your return offline and generate a XML file.

   4. Go to Income Tax Department website.

   5. Register and create a user id/password
  

   6. Login and click on relevant form on left panel and select “Submit Return”
   7. Browse to select XML file and click on “Upload” button

   8. On successful upload acknowledgement details would be displayed. Click on “Print” to generate printout of acknowledgement/ITR-V Form.

   9. ncase 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.

  10. In case 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 submitted with the local Income Tax Office withing 15 days of filing electronically. This completes the Return filing process for non-digitally signed Returns.

  11. Update: Now you have to send ITR-V to the “Income Tax Department , CPC, Post Box No – 1, Electronic City Post Office, Bangalore – 560100, Karnataka”. They’ll send the acknowledgment receipt at your email address.