Income Tax Return Filing Process: It is mandatory for income tax payers to file Income Tax Return (ITR). If an income tax payer does not file ITR, he may have to pay a fine. To fill ITR, it is necessary to complete the correct process along with the necessary documents.
There can be difficulties in filing ITR, but if this work is done with some preparation then it can be filed even without the help of experts. Let us know, how you can file ITR sitting at home.
Keep these things in mind before filing ITR
If you are going to fill ITR, then first calculate the income, tax and return so that the process becomes easier. Also, tax deduction and TDS charge should also be kept in mind. TDS is filed under Form 26AS, under which you have to give information about your income and deductions. Before starting the process, make sure that you have all the necessary documents like your Form 16, bank details, investment details and other sources of income with you. Income tax return facility has been given on the e-filing portal.
Know step by step process
- To file Income Tax Return (ITR) online, you have to register on the Income Tax Department website.
- If you are a new user then you have to register as a new user after registering your PAN, name and date of birth.
- – Different ITR forms are filled depending on the sources of your income. Choose the form that best suits your source of income.
- After selecting the form fill all the required details like personal details, income details, tax deductions and exemptions.
- Once you have entered all the information, verify all the details and ensure that they are accurate and correct.
- Submit your tax return once you are satisfied with the details.
- You can do this by sending a physical copy of the return to the Income Tax Department or by uploading the return online.
- If there is any tax due, make sure you pay it before the deadline.
