What is Income Tax Return Filing Online?
Because of the advanced technology and various software, we now have the process of filing Income Tax Return Online, and this is also known as e-filing. This is an electronic, hassle-free way for Income Tax Return Filing Online. The best part of this process is that one can do it from wherever one feels comfortable. All you need to do is register on the official website of the Income Tax Department
How to file Income Tax Return Online?
PAN Number, Aadhar Number, Bank Details, Form 16, Pay Slips, Address, e-mail id, Phone/Mobile number, Investment Details, TDS Certificate, Rent Receipts, etc.
And now, from a new user’s perspective, to understand the complete process, let us proceed step by step:
Step 1. Go to www.incometaxindiaefiling.gov.in and Register yourself on the site by clicking on the ‘Register Yourself’ button on the top right corner in the website.
Step 2. Then select the ‘User Type’.
Step 3. Enter all the details here like PAN Number, Name, Date of Birth, etc.
Step 4. Next, you need to enter your personal details such as your contact number, email id, address, etc.
The registration has now been completed successfully and so you can file Income Tax Returns Online easily.
Step 5. Once you become a registered user, you are now eligible to login to your account for Online Income Tax Return Filing. Just click now on ‘Login Here’ at the top right hand corner of the home screen.
Step 6. Now you will be driven to the dashboard screen in your login, from where you can perform the various activities as highlighted below. You can also view your past filings and pending actions here
Step 7. Fill in the details and then click the submit button and if applicable/appears on the screen choose DSC (Digital Signature Certificate) and finally click on the ‘SUBMIT’ button.
Step 8. This is the last step, just click on the link to view or generate a printout of acknowledgement/ITR V form.
What are the benefits of Filing Income Tax Return Online?
There are various benefits of filing your Income Tax return online, some of them are:
Filing an IT return helps in getting speedy accidental claims in Third Party Insurance.
An individual gets eligibility to apply to all loan applications from Banks. Filing an IT Return adds value to the immigration profile for a person obtaining visa outside India.
For obtaining government tenders, and registration on panels.
For obtaining LIC/GIC or other agencies of government institutions or public/private sector undertakings.
An individual can get startup funding with ease when he/she files an IT Return.
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