I want to file my income tax return without the help of any CA. What information and documents do I need for the same?
For filing Income Tax Return one should have a basic knowledge of income tax like segregating the total income into 5 heads (Salary, House Property, Capital Gains, Profession and Business and Other Sources). You should have the understanding of the technical terms of Income Tax while filing it's return.Assuming you are well aware of the tax provisions and sections, keep a few things handy with you before you start the process:Bank statementsForm 16 issued by your employer (in case you are a salaried)Copy of last year’s return(if any)Working Internet ConnectionSince, you have the checklist ready, now log on to www.incometaxindiaefiling.gov.in and register yourself. Your Permanent Account Number (PAN) will be your user ID.Now view your tax credit statement, Form 26AS for the details of all taxes deducted and deposited with the IT department. Check and reconcile the statement with your form 16.Now, under the ‘Download․ menu, click on Income Tax Return Forms and choose the relevant AY and Income Tax Return (ITR) form.Open the downloaded Return Preparation Software (excel utility) and complete the form by entering all the details, using your Form 16.Ascertain the tax payable by clicking the ‘Calculate Tax․ tab.Pay tax (if any) and enter the challan details in the tax return.Now validate your form through ‘Validate․ tab.An XML file will be generated thereafter which you can save it on your computer.Go to ‘Upload Return․ on the website’s left panel and upload the saved XML file.You will be asked whether you wish to digitally sign the file. If you have a DS (digital signature) select ‘Yes․ or choose ‘No’.The website now will flash a message of successful e-filing on your screen by generating the acknowledgment form ․ ITR Verification (ITR-V) which has to be downloaded.Lastly, if you did not digitally sign the ITR, take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore ․ 560 100, Karnataka, within 120 days of filing your return online. To know more, on mandatory DSC affixing, click hereIf this is too long a procedure to be followed or much of a hassle, there is one easy way out wherein you can right away leave this hassle to us. All you have to do is merely email us the relevant documents sitting at your home and you are sorted! For getting online e-filing services visit File Income Tax Return Online, IT Return Service,Income Tax Efiling, India| FinMart.com
